Equilibrium is a DeFi hub of Polkadot that allows for high leverage in trading and borrowing digital assets. By applying lower collateral requirements and supporting cross-chain transfers, it is significantly improving capital efficiency in DeFi.
Equilibrium combines its native decentralized EQD stablecoin with full-fledged money market and an order book-based DEX.
## EQ is the native utility token that is used for:
* Collateral pledge for borrowing stablecoins and crypto assets
* Insurance liquidity
* Liquidity farming
* Paying system fees
* Accessing system governance
Equilibrium dev tools include:
Node-js API tools to interact with Equilibrium substrate e.g. query state and submit transactions. https://www.npmjs.com/package/@equilab/api Block explorer to monitor network performance: https://equilibrium.subscan.io/ Polkadot.js wallet to aid with substrate debugging and network performance: https://polkadot.js.org/apps/#/explorer
## How Many EQ Tokens Are There in Circulation?
The total supply is 12 billion EQ tokens, fully compatible across every smart-contract enabled blockchain bridged with Polkadot. Further information about EQ tokenomics can be found here https://equilibrium.io/docs/EQ_token_economy.pdf.
How to Buy EQ on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing EQ. 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 EQ.
Step 5: Purchase EQ
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of EQ 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 EQ.
Step 6: Store Your EQ
After purchasing, you can choose to store your EQ 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 EQ assets, be sure to use a strong password and enable two-factor authentication.
EQ Price:Equilibrium is a DeFi hub of Polkadot that allows for high leverage in trading and borrowing digital assets. By applying lower collateral requirements and supporting cross-chain transfers, it is significantly improving capital efficiency in DeFi. The price fluctuates daily, You can go to the exchange: Bybit to check the price.
Recommended Similar Coins: SFP、NFT