Hello INDODAX Members,
IDK Token is one of the Ethereum network-based stablecoins built according to the ERC-20 token standard and the Stellar network. The token issued by a charity company called IDK Foundation uses a fiat collateral model, where the IDK Token has a value or price of 1:1000 based on the value of the IDR (Indonesian Rupiah). In this case, 1 IDK is equal to IDR 1,000.
IDK Token offers a solution by being a medium of exchange with low volatility and without going through the banking system. IDK Token allows for fast, stable, and low-cost transfers of IDR globally.
IDK Token seeks to encourage digital currency adoption in Indonesia, the largest economy in Southeast Asia. By the issuance of 1 IDK into circulation for every deposit of IDR 1,000, which will be deposited to the IDK Foundation. Every IDK Token in circulation will always be backed up with liquid assets whose value is equivalent to the appropriate IDR (Indonesian Rupiah).
Not only IDR (Indonesian Rupiah), starting in May 2022, IDK Token will also have other reserved assets, like Bitcoin and stablecoins that are equivalent to US Dollars (USD) such as USDT (see more here).
In addition, IDK Token can also be obtained at INDODAX through a partner exchanger.
(partner list will be updated regularly)
INDODAX members can always identify before buying by doing research before investing #AsetMasaDepan!
INDODAX – Indonesia Bitcoin & Crypto Exchange