White Standard price is $0.97156320
As of the time of writing, the current price of White Standard (WSD) is $ 0.97156320.
White Standard (WSD) is a digital asset or cryptocurrency that runs on the Ethereum blockchain. It's designed as a stablecoin, meaning its value is pegged to a specific asset—in this case, the US Dollar—to help reduce volatility. White Standard claims to provide a transparent and secure solution for using, storing, and transferring digital money. Every token is reportedly backed 1:1 by US Dollars held in audited accounts.
White Standard is a project of the White Company, based in the United States. The White Company claims to aim at pioneering innovative ways for blockchain technology to intersect with traditional finance and lifestyle business sectors. There's no specific information available on the individual founders of this cryptocurrency.
The concept behind White Standard (WSD) is simple. Each WSD token is reportedly backed by an equivalent amount of US Dollars in the company's reserve. When a new token is minted, a matching dollar amount is added to the reserve, ensuring the value stays consistent.
WSD operates on the Ethereum Blockchain, using the ERC-20 protocol, making it compatible with a wide variety of wallets and exchanges. Thanks to its stablecoin nature, users can use White Standard to avoid the volatility commonly associated with cryptocurrencies.
A significant aspect of White Standard's uniqueness lies in its claim of being a stablecoin that combines the speed, transparency, and security of blockchain technology with the stability and reliability of the US Dollar.
The company behind WSD strives for transparency, claiming to hold regular audits of its reserve accounts which are publicly available. Essentially, by using blockchain technology, White Standard seeks to create a stable and reliable digital currency backed by physical assets.
As of now, there are 0.4M WSD tokens in circulation. The maximum or total supply of White Standard coins isn't preset and depends on the amount of USD held in the company's reserves for backing up the minted tokens.
White Standard (WSD) tokens can be purchased on a number of digital currency exchanges, including . Please note that cryptocurrency investments carry risks, and you should only invest what you can afford to lose.
Ensuring the safety of your White Standard (WSD) tokens, like any other cryptocurrency, requires the conscious implementation of security measures. You might consider using a secure wallet that supports Ethereum-based tokens (ERC-20), given that WSD is an ERC-20 token. Regular updates of your wallet software, the use of strong, unique passwords, and the avoidance of phishing scams can further enhance the security of your digital assets.
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