TrueUSD TUSD to Particl PART Exchange

Crypto Pair Details: TUSD to PART

TrueUSD TUSD

TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD. The team believes that TrueUSD will be able to come up with the stable trading instrument for the traders of cryptocurrency that has been long-awaited. This will allow the businesses and consumers to use the digital currency as a medium of an exchange. The goal of the TrueUSD team was to build a coin that is stable and which can be used and trusted by them too. TrustToken is a platform that creates the tokens backed by assets that can easily be purchased and sold all around the world. The first asset token of TrustToken is TrueUSD, which is a stable coin and can be redeemed 1-for-1 for US dollars. TrustToken have partnered with registered fiduciaries and banks for holding the funds securely backed by TrueUSD tokens. To increase the amount of security, fiduciaries, and banks directly handle all the funds. Escrowed funds do not give access to the TrueUSD system. TrueUSD works with various trust companies which already manage around billions of dollars. Just pass an AML/KYC check, send USD to a trust company with an agreement of escrow. When the funds get verified, their API tells the smart contract of TUSD to mint an equal amount of TUSD to your public Ethereum address. The USD funds are regularly verified in scheduled attestations by a very much trusted auditing firm. USD funds are kept safely in a third party account, that is escrow accounts, wherein TrustToken does not hold any direct access to the funds and cannot abscond with them even if they wish to. The token burning and minting system makes sure that every TUSD token is backed by 1 USD. A mandatory check of AML/KYC makes sure that TUSD keeps shady people away from the entire project. TUSD makes faster transactions in low transaction fees. Even though TUSD is a unique offering, it is most likely overshadowed by its bigger competitors - Tether. While TUSD arguably offers more security and features, it may be losing the marketing battle. This is not to say that the situation will remain the same. With more crypto investors joining the market every day, the good times for TUSD may be on their way.

Particl PART

Particl is an open-source and decentralized privacy platform built on the blockchain specifically designed to work with any cryptocurrency. It allows decentralized applications (Dapps) of all sorts to be built within a secure, highly-scalable environment and be integrated directly into Particl’s flagship wallet: Particl Desktop Particl's mission is to foster a new decentralized, private and democratic economy supported by its platform and native currency (PART). All the fees generated by the platform are paid to the PART coin holders who are securing the network. PART is a privacy coin built from the Bitcoin Core codebase and is always updated to its latest version (currently 0.16.0). Capitalizing on the latest Bitcoin codebase not only allows the Particl platform to benefit from both Bitcoin’s stability and security, but also enables developers to leverage and easily fork any product, service and technology development from the Bitcoin developer community. Particl Cold Staking is enabled by smart-contract functionality and lets users securely delegate staking powers to “staking nodes” which contain no coin. The purpose of these “staking nodes” is to provide a dedicated resource connected to the Particl blockchain and stake on behalf of another wallet without being able to spend its coins. In other words, it allows users to stake offline coins. Particl's decentralized marketplace is built with privacy at its core and offers a low-cost, secure and scalable e-commerce experience. Designed to work with almost any coin, it uses several privacy-enhancing features such as default private transactions, encrypted data, secure messaging, IP address anonymization, metadata stripping, private listings and more. It is exclusively governed by the Particl community which also earns all the fees generated by the marketplace. Particl is designed so that users can easily use and build decentralized applications that can then be integrated directly into Particl Desktop. These applications foster the decentralized, private and trustless Particl economy and are built using native privacy smart-contracts. PART can be sent as three different privacy states, each with their own degree of privacy and cost: Public, Blind, Anonymous. Each state has a purpose within our privacy platform and also provides the user full control of the linkability and traceability of their transactions. Particl is the first coin in history to deploy these privacy protocols on a Bitcoin Core codebase. The Particl platform accepts a wide range of cryptocurrencies and provides maximum privacy at the same time. By using atomic swaps and third-party integrations, all incoming currency transactions are automatically converted into PART, Particl’s native currency. This way, you can use your favorite cryptocurrency while being protected by PART’s powerful privacy features.

SOURCE: COINGECKO

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