What currency is DXS? Introduction to DXS currency issuance and online exchanges
- PHPzOriginal
- 2024-07-30 17:49:02530browse
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?
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
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