CredoEx Launches TrueUSD Trading
I am excited to announce that CredoEx has taken a major step in the growth of our exchange, by listing its first new token, TrueUSD – a token designed to maintain a price that is stable relative to the US dollar.
Before today, our users could only convert Credo into Ether, the price of which typically fluctuates by several percentage points or more every day and between exchanges at any given moment. This significantly hindered our users’ ability to store and transfer a given amount of value since the asset they stored it in might be worth a considerably different amount each hour across trading platforms.
With the introduction of support for TrueUSD, our users can now convert Credos into TUSD and have confidence that the asset will be worth the same, relative to the dollar, tomorrow and elsewhere today.
We decided to support TrueUSD over other stable coins because of its strong third-party auditing and lack of reliance on as-of-yet unproven smart contract mechanisms to maintain its price. That said, we plan on offering support for other stable assets in the near future after we’ve conducted additional vetting.
We’re on a mission to help you be rewarded for your attention. Now, you can store and transfer the value you’ve received for your attention knowing that it will be worth tomorrow what you earned today.
What is CredoEx
CredoEx is a cryptocurrency exchange developed and brought to you by the Draper backed team based in Silicon Valley that successfully launched and scaled the BitBounce service and the Credo token. CredoEx supports the Credo/ETH and Credo/TrueUSD trading pairs with more coming soon. CredoEx was developed to be extremely fast, reliable, and secure, characteristics that are much needed in this product category.
What is BitBounce
BitBounce is a blockchain based email spam solution with more than 400,000 active users (and more than 1,500,000 registered accounts) that also allows users to be paid for emails in their inbox. BitBounce uses a cryptocurrency token called Credo. Fees charged to reach inboxes and to incentivize responses are paid in Credo. BitBounce also facilitates incentivized email marketing for businesses through which emails can be sent with cryptocurrency amounts attached.
What is Credo
Credo is the digital currency that lets BitBounce users protect their email inboxes. Credo acts as the token of exchange that allows emails from strangers to enter your inbox, and lets you get paid to receive them.
What is TrueUSD
TrueUSD is a USD-backed ERC20 stablecoin that is fully collateralized, legally protected, and transparently verified by third-party attestations. TrueUSD uses multiple escrow accounts to reduce counterparty risk, and to provide token-holders with legal protections against misappropriation. TrueUSD is the first asset token built on the TrustToken platform.