TrueVND price is $0.04439896
The current price of TrueVND (TVND) is $ 0.04439896, and in the last 24 hours, it has increased by +0.00%%.
TrueVND (TVND) is a cryptocurrency that aims to provide a stable digital asset experience. Unlike other volatile cryptocurrencies, TrueVND is designed to maintain a stable value, making it a convenient option for transactions, remittances, and as a hedge against the fluctuation of local currencies or digital assets.
The specific individuals or team behind TrueVND have not been provided. However, like many cryptocurrency projects, TrueVND would be expected to have a team of developers, financial experts, and strategic planners with the vision to stabilize and digitalize the traditional currency experience.
TrueVND works by being pegged to a stable asset, typically a fiat currency like the Vietnamese Dong, hence the name TrueVND. This means that the value of TrueVND is meant to remain consistent with the value of the asset it's pegged to. The system behind TrueVND will involve mechanisms to maintain its peg, such as holding reserves in the native currency or through financial instruments and algorithms.
TrueVND is likely built on blockchain technology, which offers a decentralized, transparent, and secure ledger. The core technology behind TrueVND would ensure that it is interoperable with other cryptocurrencies and can be integrated with various digital wallets and exchanges.
TrueVND offers a stable means of exchange, which can be particularly advantageous in markets with highly volatile local currencies. Its stability can encourage its use for everyday transactions, long-term saving, or cross-border transfers without the worry of fluctuating prices.
The circulating supply of TrueVND (TVND) is 1.7M, while its total supply is 10.0M. The circulation reflects how many units are currently available for use and trading in the market.
TrueVND claims to maintain stability through a peg to a stable fiat currency. The specifics of how this is achieved, whether through collateralization, algorithmic mechanisms, or a combination thereof, typically involves maintaining reserves or other stabilizing actions to keep the value consistent with the asset it mirrors.
As a stable cryptocurrency, TrueVND might have acceptance in various digital asset exchanges and possibly in markets where digital payments are common. The extent of its acceptance depends on partnerships, integration with payment platforms, and user adoption.
TrueVND (TVND) can be purchased on the . It's important to buy cryptocurrencies through reputable exchanges and to follow all security protocols during transactions.
To keep your TrueVND safe, utilize secure wallets that provide strong encryption and private key protection. It’s also crucial to practice good security habits such as using two-factor authentication and keeping your private keys offline in a hardware wallet or secure physical location.
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