Uquid Coin (UQC) Project Overview
Uquid Coin (UQC) is a cryptocurrency with the core goal of bridging the gap between decentralized finance (DeFi) and e-commerce, striving to build a comprehensive Web3 smart shopping platform. The token is based on the Ethereum blockchain, adheres to the ERC-20 standard, and utilizes the Proof-of-Stake consensus mechanism for transaction validation. The Uquid platform was founded by Tran Hung on May 19, 2016, and the UQC token was launched during its Initial Coin Offering (ICO) in 2017.
UQC's Core Functions and Ecosystem
Within the Uquid ecosystem, the UQC token plays multiple roles. It serves not only as the primary payment medium within the platform but also supports a "shopping mining" mechanism, where users' shopping activities can generate new token rewards. Additionally, UQC can be used for staking, investment, and maintaining the operations of Uquid stores. The Uquid platform has introduced an "automated shopping making" feature, designed to help users obtain more competitive product prices by connecting buyers with a pool of suppliers.
Uquid's ecosystem encompasses various aspects, including the Uquid store offering over 40,000 digital products, an NFT marketplace, DeFi protocols (Defito), virtual debit card services supporting over 90 cryptocurrencies, e-wallet solutions, and mobile top-up services.
Market Performance and Key Data
As of October 2, 2026, the price of UQC is approximately between $2.70 and $2.71. Its 24-hour trading volume fluctuates between approximately $21,261 and $49,797. UQC has a circulating supply of 10,000,000 tokens and a total supply of 40,000,000 tokens, with a current market capitalization of approximately $27 million to $27.11 million, ranking it between approximately 608th and 750th in the cryptocurrency market. Readers can view the real-time price and trend of this coin on Svmuu.
Historical data shows that UQC reached an all-time high of $33.69 on May 8, 2021 (or $39.4342 on June 1, 2021, with CoinGecko data showing $41.38). The current price is approximately 91.96% to 93.50% lower than its historical high. Its all-time low was as low as $0.02607 (CoinGecko data), and the current price has increased by over 7,200% from its historical low.
Historical Development and Future Outlook
The Uquid project has experienced several important milestones in its development. On October 6, 2020, the Uquid team performed a hard fork and updated the UQC token contract address to protect token stability and promote ecosystem development. The platform had planned to establish a cardless payment system in 2020 and has successfully launched its digital store.
According to the whitepaper released by Uquid in March 2022, the platform plans to further upgrade its ecosystem in the coming years, including launching physical stores and digitizing more products to be minted as NFTs in the crypto market. Additionally, Uquid plans to launch the UQC DeFi x Metaverse concept through collaborations with the gaming industry and allow influencers or artists to mint NFTs for free, expanding its application scenarios and user base.
UQC Trading and Storage
Currently, UQC can be traded on several cryptocurrency exchanges, including KuCoin and MEXC. Users can also store UQC in Web3 wallets that support ERC-20 tokens, such as Ledger, MyEtherWallet, and MetaMask.
Factors Affecting UQC Price
The price of UQC is influenced by various market factors, including market supply and demand, overall trading volume, token liquidity, market sentiment, project news updates, platform adoption rate, UQC's practical utility, network activity, and the overall state of the global cryptocurrency market and related regulatory developments. Uquid's commitment to combining DeFi with e-commerce, offering innovative features like shopping mining and automated shopping making, and enabling everyday use of cryptocurrencies through virtual debit cards, all provide it with potential application value.
The platform information mentioned in the article is subject to change as exchanges list and delist assets. Please refer to official exchange announcements.
