UAX - Cryptohryvna
Digital and automated way of sharing on blockchain technology
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What was the project about?

UAX: digital token on Ethereum blockchain

Ratio of 1:1 to the hryvnia

Cryptohryvna or UAX token is a stablecoin type cryptocurrency backed on a 1:1 reserve ratio to the Ukrainian currency Hryvnia.

Ethereum blockchain

The UAX token is developed and transferred on the blockchain giving an opportunity to the users to get all the advantages of the crypto. The digital token exists on the Ethereum blockchain, created on the ERC 20 and ERC 865 standards.

Proof of Reserve

In order to ensure security and stability, we choose the method to maintain a one­to­one reserve ratio between a cryptocurrency token and its associated asset in fiat currency. This method is called Proof of Reserve.

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