USDT default insuranc
This asset USDTETHERDEFAULT will be worth 1 BitUSD if www.tether.to OMNI asset:USDT is unredeemable at 1:1 (minus fees) for real USD to bank accounts for registered users before the end of 2017.
If USDT is unable to be redeemed for a max 28 days but then becomes redeemable again this will not be defined as a default. If unredeemable for more than 28 days it will.
This default may happen due to Hacking, theft, incompetance, law, regulation, omni flaws, bitcoin blockchain flaws, unknown reasons.
It will pay out for any reasons listed above.
|Market||Last Price||Last Price ($)||24h Volume||Volume ($)|
|USDTETHERDEFAULT : USD||0.9 USD||$0.9||0 USDTETHERDEFAULT||$0|
|Decimal points||4 (0.0001)|
|Max market fee||10,000 USDTETHERDEFAULT|
|Max supply||10,000,000 USDTETHERDEFAULT|
|Charge market fee White list Transfer restricted Global settle Witness fed asset Committee fed asset|
|Charge market fee|
|Pool Balance||0.00198 BTS|
|Exchange Rate||0.1 USDTETHERDEFAULT/BTS|
|Maintenance collateral ratio||1750|
|Maximum short squeeze ratio||1500|
|Force settlement delay||9s|
|Force settlement offset||0%|
|Max force settle vol||100%|
|Short backing asset||USD|