KRWC is based on RWT Public Chain. KRWC is the Korean stable coin, which is an important part of the RWT chain’s ecosystem. KRWC’s Proof of Reserves configuration is that the total number of KRWC in circulation (liabilities) are always fully backed by an equal amount of fiat currency held in reserve (assets). In our configuration, each KRWC in circulation represents one Korean Won held in our reserves (i.e. a one-to-one ratio) which means the system is fully reserved when the sum of all KRWC in existence (at any point in time) is exactly equal to the balance of Korean Won held in our reserve. Since KRWC is issued on the RWT blockchain, the provability and accounting of it at any given point in time are clear.
Issued Amount: 1,000,000,000
Issued Time: 2019/12/10
Chain: RWT Public Chain
Block Browser: explorer.redwoodtree.io
CoinExpress exchange has opened the KRWC trading market, CoinExpress believes that stablecoin is a bridge between fiat and digital assets. It is an important step to map the real economy to virtual currency. With continuous development and improvement, the stablecoin will provide solutions for global payment and more scenarios.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. CoinExpress Global Exchange will make best efforts to choose high-quality coins, but will not be responsible for your investment results.
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