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lite LiteUSD #
8.12 USD -0.10% -0.01
DAY RANGE
8.02 8.32
Circulating supply 0
Total supply 100M
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lite Price

Current Price 8.12 USD
Price Change 24H -0.01 USD
Price Change 24H -0.10%
Price Change 7D -17.05%
Price Change 14D -27.08%
Price Change 30D -43.60%
Price Change 60D -49.13%
Price Change 1Y 0.00%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
All time high (ATH) 34.83 USD
ATH Change -76.75%
ATH Date 2022, Jul 21

lite Markets

PancakeSwap (v2)
0X3EF3F6CF9F867A33C4109208A6BD043A9EF0E091/USDT
Last price: 8.12 USD
Last price: 8.10 USDT
Spread: 0.60%
24H Volume:
47.4K USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

LiteUSD

LITE is used as the initial token of the LUSD protocol to mint the decentralized stablecoin - LUSD and to balance the price fluctuations of LUSD.

LITE is the price counterpart of the stablecoin LUSD, and simply put, the amount of LUSD that can be minted in a single LITE is directly determined by the Token's price. LITE is issued on the Binance Smart Chain, with a total of 100 million units issued. 1million LITE will be taken out after issuance and added to the initial liquidity pool, with a ratio of 1 million USDT:1million LITE, and the remaining 99 million locked into the "Treasury" contract, which will be managed by Fist community members.

LITE minted LUSD stablecoin based on its own price. LITE uses a price minting mechanism that relies on algorithms to ensure flexibility of stablecoin is backed by LITE.

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