UQC is a decentralized virtual currency based on the ERC20 Token one of Ethereum Technological trends. The goal of this blockchain asset is to supplement the development of UQUID Ecosystem. In this virtual revolution, token holders will have the benefit of instantly and effortlessly cashing out their token.
**Smart contracts, smarter shopping**
Uquid is aiming to establish a bridge between DeFi and e-commerce through Defito, a new ecosystem featuring concepts that haven’t been seen in the retail sector before.
**Shopping** mining means that new tokens or coins are generated every time a customer buys an item and smart contracts are used to ensure that these assets can be put toward other purchases in the future. The process is automatic and immediate, delivering much-needed enhancements that eliminate some of the flaws associated with loyalty schemes right now.
There are also features inspired by automated market makers, the smart contracts that create liquidity pools of tokens. In this ecosystem, automated shopping making brings together pools of goods created by many suppliers. Customers can then connect directly to this pool and track the quantity of products available and their price, allowing them to get a better deal on items that they wish to purchase.
In time, it is hoped that these smart contracts will allow merchants and shoppers to connect without an intermediary — reducing costs for everyone. Uquid believes that DeFi can help e-commerce businesses grow quickly and reach a broader cross-section of customers around the world. The company is also confident that its approach could transform global trade.
One of the first places where people can shop using this ecosystem is Uquid’s digital shop, which is home to more than 40,000 digital products including video games, gift cards, subscriptions and mobile top-ups. The platform uses a Lightning Network node that helps to speed up transactions, all while making them cheaper. New products are added on a daily basis, and the e-commerce site is planning to add physical items in the near future.
Brick-and-mortar retail is on the decline, and retailers are getting innovative as they compete for attention in a crowded marketplace. Fresh from shaking up the financial sector, DeFi could be coming to a shopping basket near you.
UQC is the token issued by the platform. Uquid will upgrade according to market trends to better connect the community with the Metaverse and Web 3.0. Since 2017, Uquid has launched a DeFi store, providing the community with credit and DeFi payments while supporting convenient shopping. In the future, Uquid has ambitious plans to keep pace with the development of the metaverse and Web 3.0, continuously developing the e-commerce supermarket metaverse and continually developing Web 3.0 features and NFT markets to serve the community and create significant investment returns for investors. Uquid's vision is to meet the future shopping needs of communities in both virtual universes and real life. Therefore, the development roadmap of the Uquid store will continue to focus on providing an excellent user experience.
How to Buy UQC
1. How to Buy UQC on Exchanges
Step 1: Choose a reputable exchange platform
Select a trustworthy platform from numerous exchanges to make your purchase. Some trusted platforms include Coinbase, Binance, OKX, among others.
Step 2: Register an account
Create an account on the chosen exchange platform. You may need to provide personal information (such as phone number, email) to complete the registration process.
Step 3: Complete identity verification
For security reasons, some platforms may require you to undergo identity verification. Follow the platform's instructions, providing necessary identity information (such as country/ID number) and undergo facial recognition if prompted. Once your identity is confirmed, you'll receive notification.
Step 4: Link your bank or payment method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing UQC.
Step 5: Purchase UQC
Find the option to buy coins on the exchange platform, select the C2C buying process, then input the amount of cryptocurrency you wish to purchase. Typically, you'll choose to buy USDT first and then proceed with the purchase method. Simply place your order, make payment to the seller, and you'll receive the cryptocurrency. Once the payment is completed, you can use your exchange assets to buy UQC.
Step 6: Store your UQC
After purchase, you can choose to store UQC in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Tips
To protect your exchange account and UQC assets, it's essential to use strong passwords and enable two-factor authentication.
How to Buy UQC via Over-the-Counter (OTC) Trading
Over-the-counter (OTC) UQC trading occurs directly between buyers and sellers, bypassing exchanges or other intermediaries. Here are the general steps for OTC UQC trading:
Step 1: Find an OTC trading channel
Start by finding a reliable OTC trading platform or service provider. These platforms typically offer online marketplaces or ways to connect with brokers for trading.
Step 2: Register an account
Sign up for an account on the chosen OTC trading platform. You may need to provide some personal information (phone/email) to complete the registration process.
Step 3: Complete identity verification
For security purposes, some platforms may require you to undergo identity verification. Follow the platform's instructions to provide necessary identity information (nationality/ID) and undergo facial recognition or other verification steps.
Step 4: Browse the trading list
After logging into your account, browse through the platform's trading list to find UQC trades that interest you. You can choose trades based on the trader's reputation rating, trade volume, price, and payment methods.
Step 5: Select a trading partner
Once you find a suitable trade, click to enter the trading page and carefully review the trader's terms and conditions. Ensure you understand and agree to the trader's requirements, such as trade amount, payment method, trade time, etc.
Step 6: Negotiate trade details
After reaching an agreement with the trader, you can negotiate trade details such as trade amount, payment method, trade time, and location.
Step 7: Make payment
According to the agreement reached with the trader, use the chosen payment method to pay the UQC purchase amount to the seller.
Step 8: Confirm receipt
Once the trader confirms receiving your payment, they will release UQC to the UQC address you provided. You can check your UQC wallet balance after the trade to confirm its success.
3. How to Buy UQC through Decentralized Exchanges (DEX)
Buying UQC on decentralized exchanges (DEX) differs from purchasing other cryptocurrencies on centralized exchanges. Here are the general steps for buying UQC on DEX:
Step 1: Choose a UQC-supporting wallet
Create a new wallet supporting UQC assets, then select a decentralized exchange that supports UQC.
Step 2: Connect your wallet
Before using the DEX, you need to connect a wallet supporting the UQC blockchain. You can connect your wallet to the selected DEX via browser extension or mobile application.
Step 3: Deposit funds
In your wallet, select deposit and choose the asset you want to deposit (such as stablecoins). Follow the wallet prompts to complete the deposit process.
Step 4: Find the trading pair
Search or browse for the UQC trading pair on the DEX. Typically, you can find a search box or a list of trading pairs on the exchange's homepage or trading interface.
Step 5: Place an order
Once you find the UQC trading pair, you can choose between market or limit orders and input the quantity you want to purchase. Ensure you input the correct price and quantity in the order, then confirm the order.
Step 6: Wait for the trade to execute
Your order will be submitted to the UQC blockchain and wait for confirmation and execution by miners. Once the order is executed, you will receive the purchased UQC, which you can view in your wallet balance.
Step 7: Withdraw funds
After completing the trade, you can choose to withdraw the purchased UQC to your wallet for safer storage of your digital assets.
4. Official Channels for UQC Project Team or Community
Sometimes, the UQC project team or community may launch official channels for direct UQC purchases. This may include private placements, presales, or other forms of direct sales.