![UAHg on Obmify: New Opportunities for Crypto-Hryvnia Exchange](https://blog.obmify.com/wp-content/uploads/2024/07/2121-1.webp)
We are excited to announce a new feature for our users—now on the Obmify platform, you can buy and sell UAHg tokens. This is a hryvnia stablecoin, a virtual asset issued on the Ethereum, BNB Chain, and TRON networks. It is backed by virtual assets and traded at a rate close to the cash hryvnia.
History and Founders of the UAHg Project
The idea of creating a hryvnia stablecoin arose in response to the need for a stable virtual asset linked to Ukraine’s national currency. The project was founded by Maksym Demianyk, an entrepreneur and innovator with extensive experience in IT and blockchain, and Vitaliy Zhytnyk, COO of the project, who has years of experience managing virtual assets. Together with Andriy Dubetsky, an expert in DeFi operations, they created the UAHg ecosystem, which bridges cryptocurrency and the traditional financial system.
Technical Features of UAHg
UAHg is issued as an ERC20 token on the Ethereum network, BEP20 on the BNB Chain, and TRC20 on TRON, ensuring broad compatibility with various cryptocurrency wallets and exchanges. The company issues and sells UAHg tokens for USDT, USDC, and DAI. The received dollar stablecoins are kept in the company’s reserve and are used exclusively for redeeming tokens in the future.
The reserve funds are stored in a Gnosis Safe multisig wallet, utilizing a “3 out of 5” signature model to ensure security and transparency.
Benefits of Using UAHg
UAHg token holders can freely transfer it across supported networks, paying only the blockchain network fee for the transfer. This makes using the token accessible and cost-effective for various purposes, including personal and business transactions.
Security is ensured through the reserve funds stored in the Gnosis Safe multisig wallet and regular audits performed by Audit Firm Ltd. This guarantees the reliability and transparency of UAHg usage.
How Obmify Simplifies the Buying and Selling of UAHg
On the Obmify platform, we simplify the process of buying and selling UAHg by providing users with access to current rates, real user reviews, and exchange ratings. Additionally, we ensure extra transaction security through an escrow system: exchanges pre-transfer a certain amount to our account, which allows us to compensate users in case of any issues.
Our intuitive and user-friendly design allows users to easily navigate and find the necessary information.
Conclusion
Adding UAHg to the Obmify platform is an important step in developing the cryptocurrency ecosystem in Ukraine. The crypto-hryvnia opens new opportunities for users, providing a convenient way to exchange and use virtual assets.
For more information about UAHg, visit their website.
*This message is posted by Obmify and is NOT an advertisement or the official position of any third party, including, without limitation, UAHg and Emittance Corporation.