[email protected]

Sign In

How to Buy Liquity Token?

guide to buy liquity token

About $LQTY Token

Liquity is a decentralized borrowing protocol that allows users to draw 0% interest loans against Ether used as collateral. These loans are paid out in LUSD and require a minimum collateral ratio of 110%. The loans are secured not only by the collateral but also by a Stability Pool containing LUSD and by fellow borrowers who collectively act as guarantors of last resort. The Liquity protocol is characterized by being non-custodial, immutable, and governance-free. Additionally, LQTY is a token that captures the fee revenue generated by the Liquity Protocol through a staking mechanism.

Step-by-step

  1. Create a LCX account

Sign up or download LCX Mobile and start the sign-up process. You will need a valid ID and proof of address in order to transact, so be sure to have those ready. Verifying your ID may take longer than a few minutes, depending on where you live. Click here to get verified.

2. Deposit token

Click on “wallet” and then “Deposit”. Choose the “coin”, Choose the “provider” and deposit the token.

3. Start a trade

On exchange.lcx.com/, select trade and choose the $LQTY pair that you want to trade. Select “buy” or sell,” enter the bid and amount you want to buy, and click buy $LQTY.

4. Done

Once the order is processed, you will receive an order confirmation email. That’s it, you’ve bought $LQTY.

Trade $LQTY

Only registered users of the LCX platform are eligible to purchase the Tokens. The Issuer will not sell any Tokens where potential buyers are citizens or residents of restricted jurisdictions as determined by the Issuer. In particular, restricted jurisdictions are the United States of America and China, further, any US persons are prohibited from participating.

The content on the page is provided by LQTY team

Login @ LCX