What is UQC?
UQC is a virtual currency that is based on the ERC20 token. The goal is to supplement the development of UQUID.
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There are smart contracts and smarter shopping.
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Uquid wants to establish a bridge between Defi and e- commerce through a new concept called Defito.
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Every time a customer buys an item, new token or coins are generated and smart contracts are used to ensure that these assets can be put toward other purchases in the future.
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There are features that are inspired by automated market makers. A lot of goods are created by many suppliers.
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Merchants and shoppers will be able to connect without a middleman in the future. Defi can help e-commerce businesses grow quickly and reach a broader cross-section of customers around the world, according to Uquid.
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One of the first places where people can shop is Uquid's digital shop, which is home to more than 40,000 digital products including video games, gift cards, subscriptions and mobile top-ups. The platform uses a lightning network to speed up transactions and make them cheaper.
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Retailers are getting innovative as they compete for attention in a crowded marketplace, as brick-and-mortar retail is on the decline.