AUDT enables users to move money into and out of the blockchain ecosystem from an Australian bank account, providing a fiat gateway for Australian users. The token is fully compliant with Austrac, Australia’s financial intelligence agency, which sets out the requirements and best practices for cryptocurrency and fintech initiatives.
The project was launched by Australian crypto company Chrono.tech, which was founded in 2017 to revolutionise the recruitment and HR sectors using blockchain technology. Chrono.tech was crowdfunded with the sale of 710,113 TIME tokens, the native token for the Chrono ecosystem of blockchain products and services.
Chrono.tech is responsible for two other major initiatives beyond AUDT. TimeX is a hybrid Plasma-based cryptocurrency exchange that combines both centralised and decentralised technologies to provide a secure, user-friendly trading experience. Along with USDT, AUDT is one of the key fiat currencies traded on TimeX. The exchange is also one of the major platforms to list TIME tokens.
Chrono.tech’s flagship product is LaborX, a blockchain-based freelance work exchange. LaborX uses smart contract-based digital agreements and escrowed cryptocurrency payments (including ETH, USDT and AUDT) to organise and settle work directly between freelancers and customers, no matter where they are based in the world, without any third parties required.
How to Buy AUDT on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing AUDT. Some reputable platforms include HTX、Bybit、Bitget, and others.
Step 2: Register an Account
Here, we'll register an account on theBybit(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing AUDT.
Step 5: Purchase AUDT
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of AUDT you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy AUDT.
Step 6: Store Your AUDT
After purchasing, you can choose to store your AUDT in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and AUDT assets, be sure to use a strong password and enable two-factor authentication.
AUDT Price:AUDT is a stablecoin that is hosted on the Ethereum blockchain and backed 1:1 with Australian dollars (AUD). The price fluctuates daily, You can go to the exchange: Bybit to check the price.
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