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What is XSGD (XSGD)?

XSGD basic info

Name:XSGD

Ticker:

XSGDBuy now

Introduction:

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.

Current price:

$0.7424More price details

All-time high:$1.73

All-time low:$0.3371

XSGD supply and tokenomics

Circulating supply:46,124,080 XSGD

Total supply:83,617,320.37 XSGD

Max supply:0 XSGD

Market cap:$34.24M

Fully diluted market cap:$62.08M

Links

Website:https://www.straitsx.com/

X:https://twitter.com/straitsx

GitHub:https://github.com/Xfers/StraitsX-tokens

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What is the development prospect and future value of XSGD?

The market value of XSGD currently stands at $34.24M, and its market ranking is #761. The value of XSGD is not widely recognized by the market. When the bull market comes, the market value of XSGD may have great growth potential.

As a new type of currency with innovative technology and unique use cases, XSGD has broad market potential and significant room for development. The distinctiveness and appeal of XSGD may attract the interest of specific groups, thereby driving up its market value.

What will the price of XSGD be in 2025?

Based on XSGD's historical price performance prediction model, the price of XSGD is projected to reach $0.8356 in 2025.

What will the price of XSGD be in 2030?

In 2030, the XSGD price is expected to change by -8.00%. By the end of 2030, the XSGD price is projected to reach $1.19, with a cumulative ROI of +60.35%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of XSGD and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

XSGD price XSGD price prediction XSGD news

Is XSGD worth investing or holding? How to buy XSGD from a crypto exchange?

If you want to buy XSGD, the following information may be helpful for your investment decisions:

In the last 7 days, the price of XSGD has fallen by -0.51%, leading to negative returns for most XSGD investors. The market is currently pessimistic about the price trend of XSGD.

It is important to note that the current price of XSGD has retreated by -57.06% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether XSGD is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in XSGD or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of XSGD, if you want to buy or sell XSGD, you can consider Bitget for your trading needs. The best place to buy XSGD is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in XSGD has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy XSGD. Here's a step-by-step guide on how to buy XSGD on Bitget.

Buy XSGD now Coin buying guide

How to get XSGD through other methods？

Using cash to buy XSGD is not the only way to obtain XSGD. If you have the time to spare, you can get XSGD for free.

Learn how to earn XSGD for free through the Learn2Earn promotion.

Earn free XSGD by inviting friends to join Bitget's Assist2Earn promotion.

Receive free XSGD airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to XSGD through Bitget Convert, Bitget Swap, or spot trading.

What is XSGD used for and how to use XSGD?

The use case of XSGD may expand as the crypto market and the project itself develop. Currently, you can use XSGD to achieve the following goals:

Arbitrage by trading XSGD: Since XSGD is a frequently traded cryptocurrency, the price of XSGD is always fluctuating. Earn more XSGD by buying low and selling high on the exchange. Bitget spot market provides a variety of XSGD trading pairs to fully meet your needs.

Earn by staking XSGD: You can also generate income through financial management methods such as staking XSGD or lending XSGD. Bitget Earn offers a variety of financial products designed to help you earn more income from your XSGD.

Send or pay XSGD: If you want to give XSGD to your friends, a charity, or a fundraiser, or you want to pay someone with XSGD, you can quickly and easily send XSGD to the recipient through their payment address.

You can also go to the official website of the XSGD project to learn more about the use cases of XSGD. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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