With the market dumping as each day passes, the street of cryptocurrency has become bloody with regards to market prices, while many considering this as a form of black Friday, others sees no joy for those who already bought bitcoin or other alt-coin before the dip.
The struggle to safe guard funds have never been this important and that's where stable coins come in.
A decentralized coin/token like every other cryptocurrency out there but instead of working with the principle of supply and demand which indirectly controls the prices of these coins, stable coins are paired 1:1 with USD given them the same value as always even when the market takes a strong hit as it just did, their prices remains the same.
Not until recently, majority of the stable coins available where built on the Ethereum network, making the ethereum network more of a big deal than it already was.
This was the case until EOSDT and other EOS stable coins came live.
Built on the EOS chain, EOSDT offers the same feature like every other stable coin, it is paired 1:1 with USD, has a good circulation and so far, the price has been stable with 1 EOSDT worth 1 Usd.
Currently tradable on multiple exchanges, EOSDT is gradually gaining the public attention and also use case.
While it operates on the EOS chain, this simply means holders of EOSDT will be able to transfer these tokens from one EOS account to another without paying transaction fee something yet to been seen on other types of blockchain. To make it more fun, users can store their EOSDT in exchanges and also EOS supported wallets.
Storing EOSDT and other tokens in exchange is good but the idea of not your key=not your fund comes into play. Unlike exchanges, wallets gives you access to your funds at every moment without the fear of it been temporarily locked and one of such wallets that meets every expectations on the EOS chain is TokenPocket.
TokenPocket is a multi-chain wallet that gives users access to different types of cryptocurrencies and also grants you access to the different types of Dapps built on these chains
EOSDT operates on the EOS network and thus has its own platform which allows users to generate EOSDT with EOS easily and glad to tell you, users don't just have access to store their EOSDT token on TokenPocket, but can also access the EOSDT platform and perform every and any transaction needed.
How to access EOSDT via TokenPocket
Download TokenPocket mobile wallet from tokenpocket.pro, it is available for IOS, Android, and PC and free to use.
Create or import an EOS account to TokenPocket, this can be done by clicking the EOS account from startup page.
After setting up your account and assigning a password to it, you can easily add EOSDT to the list of shown tokens available on your EOS account
To do this, click the plus like icon as shown in the screenshot below, search for EOSDT and click on add to make EOSDT visible on your asset page
As we earlier mentioned, TokenPocket is not just a wallet to store different types of cryptocurrencies, but also provides means to access Dapps built on these blockchains.
How to access EOSDT page
On your asset page, click on Discover menu
A new menu comes up, click on the search bar shown on top page
Type in https://gateway.eosdt.com and click goto
A new page will be loaded displaying your EOS account, balance and other information's accessible on EOSDT.
Follow TokenPocket on Twitter and be the first to get the latest happenings surrounding TokenPocket Here
Join their Telegram channel and chat with the admins about TokenPocket features and possibly other blockchain activities Here
Join their reddit channel to keep up with promotions, competitions and others Here
Till some other time, stay bless and enjoy this new month to it fullest