UAX - Cryptohryvna TM

Digital and automated way of sharing on blockchain technology

UAX: digital token on
Ethereum blockchain

Cryptohryvna or UAX token is a stablecoin type cryptocurrency backed on a 1:1 reserve ratio to the Ukrainian currency Hryvnia.

The UAX token is developed and transferred on the blockchain giving an opportunity to the users to get all the advantages of the crypto. The digital token exists on the Ethereum blockchain, created on the ERC 20 and ERC865 standards.

In order to ensure security and stability, we choose the method to maintain a one­to­one reserve ratio between a cryptocurrency token and its associated asset in fiat currency. This method is called Proof of Reserve.

Technical launch Ver. 0.9

During the period from February 20 to March 20, 2020 we will go through the technical launch of the project. The goal of the first stage of UAX implementation is the integration with market players, the search and implementation of practical solutions for a new instrument on the financial market, technical tests in DeFi platforms and research in the field of the newest economic theory.
The amount of the first issue is 1,000,000 UAX tokens. It is backed by the hryvnia received from the sale of BTC on February 20, 2020. The initial emission was funded by the investment of the founder of the project Michael Chobanyan. These funds are stored on a separate account of XRESERVE on the KUNA.IO platform. Based on results of the first quarter we will make a decision on the size of subsequent emissions, additional ways to provide a reserve of UAX tokens, as well as on deposit and withdrawal methods.
The UAX token has been already integrated on the KUNA.IO platform, inthe Paytomat wallet and Trustee Wallet. Users will also be able to store theUAX token on any wallet which supports digital tokens created on theEthereum blockchain.
Users can exchange their balance in Hryvnia for UAX tokens at a fixed rateof 1: 1, initiating the withdrawal of funds from the KUNA.IO platform to anyEthereum address they specify. Cryptohryvna will be repurchased duringmaintenance of deposit to the platform. The amount of hryvnas inequivalent to UAX tokens will be credited to the client's account at themoment of deposit.

Project leaders

The project is led by leading experts in the field of blockchain.

Michael Chobanian


Sam Kaploushenko


Anna Voevodina


Cryptohryvnia available:

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