search
Homeweb3.0What currency is DXS? Introduction to DXS currency issuance and online exchanges

What currency is DXS? Introduction to DXS currency issuance and online exchanges

Jul 30, 2024 pm 05:49 PM
cryptocurrencyStablecoinexchange

DXS is a stablecoin pegged to the U.S. dollar, issued by DigixDAO, with reserves backed by actual gold. The maximum supply is 1 billion coins. Currently, about 430 million coins are in circulation. It can be used for value storage, transaction media, mortgage loans and Payment and other purposes.

What currency is DXS? Introduction to DXS currency issuance and online exchanges

What currency is DXS?

DXS is a USD-pegged stablecoin issued by DigixDAO, which aims to provide a stable digital asset pegged to fiat currencies in the cryptocurrency world.

DXS circulation

The maximum supply of DXS is 1 billion, of which about 430 million are currently in circulation. The issuance of DXS is determined by its reserves, which are backed by actual gold. For each DXS issued, at least an equivalent amount of gold must be stored in the vault.

Exchange Listed

DXS has been listed on multiple cryptocurrency exchanges, including:

  • Binance
  • Huobi
  • KuCoin
  • OKEx
  • Uniswap

Function

DXS as a Stablecoin, primarily used for the following purposes:

  • Store of Value: Due to its peg to the U.S. dollar, DXS protects against the loss of value caused by cryptocurrency market fluctuations.
  • Trading Medium: DXS can be used to trade between cryptocurrency trading pairs without having to worry about losses due to price fluctuations.
  • Mortgage: DXS can be used as collateral to obtain a loan or other financial services.
  • Payment: DXS can be used to pay for goods and services without worrying about exchange rate fluctuations.

Dx Spot Price Changes

Currently, the price of Dx Spot is $7.4713937235811E-6. In the last 24 hours, trading volume was $16.44.

Price Change Factors

The main factors leading to the price increase of Dx Spot have not yet been identified.

Future Price Trend

Due to the lack of clear driving factors, the future price trend of Dx Spot is difficult to predict.

Advice

It is recommended to exercise caution and monitor the situation before making an investment decision.

Short-Term Forecast

In the short term, the price of Dx Spot is likely to remain volatile around current levels.

Indicator

  • Current price: $7.4713937235811E-6
  • 24 hour trading volume: $16.44
  • Price change (last 24 hours): -2.37%
  • Circulation volume: 0
  • Maximum supply: 1,00 0,000,000
  • Total supply: 0
  • Circulating market capitalization: $0

The above is the detailed content of What currency is DXS? Introduction to DXS currency issuance and online exchanges. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
The Pi Network token price has increased by more than 14% over the past week.The Pi Network token price has increased by more than 14% over the past week.Apr 16, 2025 am 11:22 AM

As of press time, Pi is trading at $0.6711 after its integration with Chainlink on April 12th. The announcement caused a surge in the price of Pi

More Reasons to Be Bullish on SUI as Price Enters Prime Buying ZoneMore Reasons to Be Bullish on SUI as Price Enters Prime Buying ZoneApr 16, 2025 am 11:20 AM

An analyst on X, Frigg, highlights multiple reasons to be optimistic about SUI Network price trajectory.

Bitcoin (BTC) Sentiment Is Turning Bullish as Over $467 Million of the Cryptocurrency Was Withdrawn From Exchanges YesterdayBitcoin (BTC) Sentiment Is Turning Bullish as Over $467 Million of the Cryptocurrency Was Withdrawn From Exchanges YesterdayApr 16, 2025 am 11:18 AM

Following today's data released by IntoTheBlock, sentiment around Bitcoin appears heightening towards bullishness.

Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token.Movement Labs and the Movement Network Foundation have launched an independent investigation into recent market-making irregularities related to the MOVE token.Apr 16, 2025 am 11:16 AM

nt Labs and the Movement Network Foundation Launch Independent Investigation into MOVE Token Market-Making Irregularities

A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]A wave of capital is flowing out of Ethereum [ETH] and into Tron [TRX]Apr 16, 2025 am 11:14 AM

With $1.52 billion in stablecoins migrating to Tron, investors appear to be favoring lower-cost chains and diversifying beyond traditional USD-backed assets.

Mantra CEO John Patrick Mullin Burns His Allocation of OM Tokens to Restore Investor ConfidenceMantra CEO John Patrick Mullin Burns His Allocation of OM Tokens to Restore Investor ConfidenceApr 16, 2025 am 11:12 AM

Mantra CEO John Patrick Mullin has proposed burning his allocation of OM tokens in a move aimed at restoring investor confidence after the protocol's native token suffered a sharp collapse.

Recent market movements and technical analysis suggest that BONK may be on the brink of a significant price surge, outpacing Solana's broader ecosystem.Recent market movements and technical analysis suggest that BONK may be on the brink of a significant price surge, outpacing Solana's broader ecosystem.Apr 16, 2025 am 11:10 AM

Technical Setup for Bonk Price Recovery According to prominent crypto analyst Altcoin Sherpa, Bonk is showing signs of a potential rebound.

Securitize Acquires MG Stover's Fund Administration Business to Become the Largest Digital Asset Fund AdministratorSecuritize Acquires MG Stover's Fund Administration Business to Become the Largest Digital Asset Fund AdministratorApr 16, 2025 am 11:08 AM

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover's fund administration business

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Chat Commands and How to Use Them
1 months agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

DVWA

DVWA

Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

WebStorm Mac version

WebStorm Mac version

Useful JavaScript development tools

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version