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About XSGD(XSGD)
What is XSGD?
StraitsX, a Singapore Fintech, has developed XSGD, a cryptocurrency that is fully backed by the Singapore Dollar (SGD). XSGD operates on both the Ethereum and Zilliqa blockchains, providing a digital version of the SGD. StraitsX is dedicated to establishing itself as the leading payments infrastructure for digital assets in Southeast Asia, with a vision to empower individuals and businesses with digital growth opportunities worldwide. The platform is focused on accelerating digital assets access and adoption for everyone, creating a more inclusive financial landscape in Asia and beyond.
How does XSGD Work?
StraitsX's website states that it offers a seamless and secure entry point to digital asset markets and decentralized finance (DeFi) applications through its API and stablecoins, catering to both individuals and businesses. APIs, which stand for Application Programming Interfaces, enable unrelated systems to interact with each other.
XSGD, StraitsX's cryptocurrency, boasts the following key features:
- Compliance with regulations- XSGD is issued by Xfers, a licensed Major Payment Institution (MPI) under the e-currency issuance framework.
- Traditional reserve backing- Each XSGD is fully backed by a Singapore Dollar, which is held and protected in a Singaporean bank.
- Transparency and trustworthiness- Each XSGD can be redeemed for one Singapore Dollar on the platform.
- Multi-chain support- XSGD operates on both Ethereum and Zilliqa networks, providing speed, scalability, and cost-effectiveness.
What is the XSGD Token?
XSGD is the native token of the StraitsX platform and is a stablecoin that is anchored to the Singapore Dollar. It operates on both ERC-20 and ZRC-2 token standards, with the latter being a formal token standard for creating fungible tokens on Zilliqa. XSGD has a range of use cases, including making low-cost and near-instant transfers globally, without the need for a third party in a secure manner. Users can transfer, spend, and receive XSGD with StraitsX ecosystem partners across various blockchains and a wide range of supported applications. Additionally, XSGD can be leveraged in DeFi to swap or provide liquidity, enabling users to take part in the future of finance.
XSGD to local currency
Crypto calculator- 1 XSGD to USD$0.74
- 1 XSGD to JPY0.74476314
- 1 XSGD to VND0.74476314
- 1 XSGD to RUB0.74476314
- 1 XSGD to EUR (Español)0.74476314
- 1 XSGD to TRY0.74476314
- 1 XSGD to EUR (Italiano)0.74476314
- 1 XSGD to EUR (Français)0.74476314
- 1 XSGD to EUR (Deutsch)0.74476314
- 1 XSGD to CNY0.74476314
- 1 XSGD to TWD0.74476314
- 1 XSGD to EUR (Português)0.74476314
- 1 XSGD to IDR0.74476314
- 1 XSGD to THB0.74476314
- 1 XSGD to PLN0.74476314
- 1 XSGD to UAH0.74476314
- 1 XSGD to UZS0.74476314
- 1 XSGD to SAR0.74476314
- 1 XSGD to PHP0.74476314
Trade XSGD perpetual futures
After having successfully signed up on Bitget and purchased USDT or XSGD tokens, you can start trading derivatives, including XSGD futures and margin trading to increase your income.
The current price of XSGD is $0.7448, with a 24h price change of +0.07%. Traders can profit by either going long or short onXSGD futures.
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XSGD Social Data
In the last 24 hours, the social media sentiment score for XSGD was 3, and the social media sentiment towards XSGD price trend was Bullish. The overall XSGD social media score was 0, which ranks 1145 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with XSGD being mentioned with a frequency ratio of 0%, ranking 1022 among all cryptocurrencies.
In the last 24 hours, there were a total of 38 unique users discussing XSGD, with a total of XSGD mentions of 9. However, compared to the previous 24-hour period, the number of unique users increase by 12%, and the total number of mentions has decrease by 40%.
On Twitter, there were a total of 0 tweets mentioning XSGD in the last 24 hours. Among them, 0% are bullish on XSGD, 0% are bearish on XSGD, and 100% are neutral on XSGD.
On Reddit, there were 15 posts mentioning XSGD in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 35% . Additionally, there were 0 comments mentioning XSGD. Compared to the previous 24-hour period, the number of mentions decrease by 0%.
Visão geral das redes sociais
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