facebookHow does Xfers benefit from the creation of XSGD? - Seedly

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Anonymous

19 Oct 2021

Cryptocurrency

How does Xfers benefit from the creation of XSGD?

Curious to know why you guys did it! And if you can share openly... how're you profiting from creating this digital currency? Thanks!

SeedlyAMA Xfers

Discussion (1)

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Hello,

Thank you for your question. StraitsX doesn't actually directly benefit from the creation of XSGD. If you are a user yourself you'll know that our fees are very inexpensive and indeed cannot support the cost associated with such a product.

XSGD and stablecoin issuance for StraitsX is a very long term strategic play. Essentially we believe that this technology is the future, or paves the way to the future of money, and we intend to continue growing an ecosystem in which we can eventually offer more revenue generating services (lending, swapping, etc).

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