CJ - Cryptocurrency Specialist
Ergo, a next-generation smart contract platform, offers a stablecoin solution in a market where stablecoins are a prominent player. SigmaUSD protocol (SigUSD) is a crypto-backed, algorithmic stablecoin that is decentralized. It's totally on-chain and non-custodial, which means trust concerns and backdoor manipulations aren't an issue.
SigUSD also includes a crypto reserve to safeguard its worth. It receives funding from two sources: users who trade ERG for SigUSD and users who trade ERG for the reserve token. This ERG pool aims to over-collateralize the stable asset SigUSD and absorb ERG's unpredictability. It is specifically collateralized to the tune of several hundred percent, and token holders can readily see the reserve ratio to assess the risk of owning it. Users and investors may be certain that the value of SigUSD will be preserved in circulation.
The SigUSD's technology instils trust and removes the worry of financiers investing in cryptocurrency, especially stablecoins. The recent occurrence in the LUNA network, which saw the price of two well-known tokens (LUNA and UST) plummet, shattered the market. As a result, FUD is growing among crypto assets, particularly stablecoins. The Ergo network, which uses the SigmaUSD protocol, is attempting to reverse this tendency. Aside than SigUSD, there are a few other stablecoins on the market. Stablecoins such as the BUSD, USDC, and USDT [1] are available on the market. As a result, despite the technology underlying these cryptos, it is up to investors and traders to decide what is best for them.
Furthermore, market volatility and extreme fluctuations are common in the crypto world. As a result, it is advised that investors and consumers conduct their own research before making any crypto market investments.
One of the best crypto buying sites is BCBitcoin – a known cryptocurrency broker with a great record and committed team members that are available every day of the week.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards