Category Archive: stablecoin

HolyTransaction Staking Wallet DeFi

Earn Interest With a HolyTransaction Cryptocurrency Savings Account

HolyTransaction Staking Wallet DeFi

Decentralized finance is quite literally taking the entire blockchain industry by storm.

After a relatively slow buildup over the past few years, the spotlight has well and truly fallen on the cryptocurrency space’s ability to do what traditional finance does — but better.

HolyTransaction, the world’s most trusted cryptocurrency web wallet, is making access to DeFi solutions available to all of its users starting now.

How? HolyTransaction developers have integrated DeFi savings accounts for stablecoins into HolyTransaction web wallets.

If the whole decentralized finance thing is new to you, and you’re having trouble understanding the importance of cryptocurrency savings accounts with stablecoins, then read on!

Decentralized Finance (#DeFi) Explained

Blockchain has promised to do a lot over the years.

However, at the end of the day, its first and best use case going back to the invention of Bitcoin is, and has always been, money.

If you’re looking for a one-liner, it’s this:

Cryptocurrencies do it better.

So, why shouldn’t cryptocurrencies one-up the traditional financial industry?

Decentralized finance refers to blockchain-based protocols that enable peer-to-peer financial solutions like loans and, yes, savings accounts. Anything the traditional financial industry offers via institutions like banks, you will soon be doing in a decentralized manner without third parties at all.

A Quick Guide to Stablecoins

The truly clutch tool in the development of the #DeFi industry has been the stablecoin, a workhorse digital asset used to minimize value volatility by pinning a cryptocurrency’s worth to an outside asset.

Some stablecoins, like Tether (USDT), pin their value to government currencies such as the US dollar. To maintain value, $1 is stored in a reserve for every 1 USDT circulating in the open market.

Other stablecoins peg their value to assets like gold, oil, and electricity.

Today, stablecoins are gaining immense popularity as digitally-native alternatives to slow, centralized, and costly to use fiat currencies like the EUR, RUB, USD, and YEN.

HolyTransaction Interest-Generating Cryptocurrency Savings Accounts

When using traditional banking savings account solutions, you’ve probably noticed that APY rates are pretty low.

Even so-called high yield accounts don’t yield much with limits as low as 0.5%.

Decentralized finance is changing that. By removing third parties from banking scenarios, you can often earn as much as 3% APY by keeping your stablecoins in an interest-generating crypto savings account.

The great news is HolyTransaction has integrated such interest-earning features directly into its trusted cryptocurrency web wallets.

With HolyTransaction, there is no need to download, install, or otherwise figure out another piece of software.

Instead, you can use your HolyTransaction cryptocurrency web wallet directly via the web, allowing you to get started generating rewards on your stablecoins right away.

If you’re concerned about a learning curve of some kind — worry not.

Using a DeFi savings account is the same as using a basic cryptocurrency wallet. Just deposit your stablecoins, click on “stake” and you’re good to go — the longer you store them, the more they yield in return.

Want to get started today? Jump over to HolyTransaction to quickly create an account and start saving.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
holytransaction dai

HolyTransaction supports Multi-Collateral DAI

DAI users will retain the balance of their DAI addresses, which will be migrated to a new multi-collateral contract with the DAI ticker symbol. Balance totals for HolyTransaction DAI users will reflect the same DAI total that they had prior to the contract swap.

DAI has been upgraded from a single-collateral token to a Multi-Collateral DAI token.

SAI (single-collateral token) will no longer be supported or traded on HolyTransaction.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
holytransaction app

Update for Customers With Tether Stored on HolyTransaction

Please note that we have migrated your Tether balance to USDT on Ethereum (ERC20). Thank you for your continued support for HolyTransaction. If there are any doubts or questions, please don’t hesitate to contact us.

Stay tuned!

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
maker-holytransaction

Wallet Maker: MKR token is available on HolyTransaction

As of today, you can instantly purchase MKR on HolyTransaction, transfer them to any HolyTransaction’s customer for free, and do crypto-to-crypto swaps between your Wallet MKR and more than other 30 cryptocurrencies.

MakerDAO it’s a prime example of Ethereum’s smart contract platform.

Maker is a decentralized autonomous organization on which the MKR token and DAI operate, and it is built on Ethereum. Essentially, it exists to reduce the price volatility of the Dai against the US Dollar. MakerDAO’s native cryptocurrency token is MKR, which can be stored on HolyTransaction now.

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Dai and MKR are dependent on each other to operate, Dai offers stability, while MKR offers involvement and potential on MakerDAO.

As the technology and methodology behind MakerDAO continues to progress the future of stablecoins and DAO are certain to bring interesting evolution to the cryptocurrency economy.

All HolyTransaction customers can create a new address for MKR and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other cryptocurrency.

Just like with Bitcoin, you can:

  • Send MKR to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange MKR with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

To add Wallet Storj just click on the “plus” button you find at the top right of the balance page, once you successfully enter into your wallet.

You can find the “plus” button to select the wallets you want to see in the main page like shown in the picture below:

Add new cryptocurrency

We’re excited to be part of the STORJ community!

NOTE: Our multicurrency wallet can store more than 30 cryptocurrencies, including: BitcoinDash, Ethereum, DogecoinLitecoin, DecredZcash, Dai Stablecoin, DigixDao, Augur, 0x Project, Gamecredits, Enjin CoinBlackcoin, Gridcoin, Aidcoin, PeercoinSyscoin, Groestlcoin, Power Ledger, BAT, BlockVPIVXTrueUSD, Cardano, STORJ, Monero and MakerDAO among the others.

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi
trueusd-tusd-logo

Wallet TrueUSD: how to store TUSD

trueusd-tusd-logo

We always work to provide you with a better service, and now we are glad to announce our new Wallet TrueUSD.

We are very proud about this new implementation for storing safely this disruptive digital currency.

You can instantly purchase TrueUSD through your own HolyTransaction wallet now. Send them to any HolyTransaction’s user for free, and do crypto-to-crypto transfers from/to TUSD, and more than 25 cryptocurrency’s networks.

This stablecoin provides yet another instrument that can facilitate wider adoption. The team at TrueUSD has been able to create a trustable product that can enhance the cryptocurrency world.

The TrueUSD team plans to tokenize different assets like, TrueEuro, TrueBond, TrueYen, and stable baskets of tokenized products.

All HolyTransaction customers can create a new address for their own Wallet TrueUSD and use the simple HolyTransaction Web Wallet to send and receive transactions or to instantly convert them to any other supported cryptocurrency.

Just like Bitcoin and the other 29 cryptocurrencies we support, you can now:

  • Send TUSD to any address, even to addresses of other cryptocurrencies with instant conversion on the fly;
  • Receive transactions;
  • Exchange TrueUSD with any supported coins;
  • Make instant transactions between HT users;
  • Get real time exchange rates on the website;
  • Set OTP for additional protection.

If you can’t see your newest Wallet TrueUSD, just click on the “plus” button that you find at the top right of the balance page, after that you login into your wallet.

You can use the “plus” button to select the wallets you want to see in the dashboard:

Add new cryptocurrency

We’re really excited to be part of this new community!

NOTE: Our multicurrency wallet can store more than 25 digital currencies, including: Bitcoin, Dash, Ethereum, Dogecoin, Litecoin, Decred, Zcash, Dai Stablecoin, Augur, Enjincoin, Peercoin, Blackcoin, Gridcoin, Syscoin, Groestlcoin, BAT, BlockV, Vertcoin and TrueUSD, among the others.

 

Open your free digital wallet here to store your cryptocurrencies in a safe place.

Satoshi