Can the UniDollar (UNISD) Cash in on Proof of Liquidity? — Market Mad House

The UniDollar (UNISD) is a new cryptocurrency built on the simple concepts of Proof of Liquidity (POL).

Simply put, Proof of Liquidity; or Proof of Funds, means an instrument has measurable cash value. Therefore, you can convert a UniDollar into cash fast.

In contrast, it can be hard to convert many older cryptocurrencies into fiat currencies. Hence, it’s difficult to make purchases with those currencies.

UniDollar offers Proof of Liquidity

To elaborate, merchants hate being paid in something they cannot convert to cash. The UniDollar team hopes Proof of Liquidity can solve this problem by offering a cryptocurrency a merchant can convert into cash fast.

Additionally, they design the UniDollar to verify ownership of tokens fast through a Simple Staking Platform. Theoretically, the Simple Staking Platform can verify Proof of Stake (POS) via a Metamask or Trust Wallet account. However, the Simple Staking Platform cannot go live until August or September 2020.

The Simple Staking Platform verifies fast POS via autonomous staking. To elaborate, I think this means the platform automatically verifies proof of stake when it contacts a UniDollar. UniDollar hopes to encourage…