Details about sXAU cryptocurrency
sXAU
SXAU
Unknown for now
€245,437 ( 0%)
€331
62
62
1
Unknown
https://www.synthetix.io/tokens/
@synthetix_io
5956050x
€13004700000
sXAU price charts
SXAU exchanges
sXAU, the crypto
sXAU (SXAU) is a cryptocurrency token that represents the price of gold in the decentralized finance (DeFi) ecosystem. It is a synthetic token that tracks the price of gold without requiring physical ownership or delivery of the underlying asset.
The point
The main point of sXAU (SXAU) is to provide users with exposure to the price of gold through a decentralized and transparent platform, allowing them to benefit from its price fluctuations without actually owning physical gold. It also offers liquidity to holders of gold, allowing them to easily trade their holdings for other crypto assets.
The problem
The problem that sXAU (SXAU) tries to solve is the lack of accessibility and liquidity in the traditional gold market. By creating a token that represents the price of gold, sXAU (SXAU) enables anyone to easily trade gold on decentralized exchanges, without the need for physical delivery or storage of the precious metal.
Compare SXAU and BTC performance
Timeframe | SXAU | BTC |
---|---|---|
1h change | 0 % | -0.125138 % |
24h change | 0 % | 0.547531 % |
7 day change | 0 % | 0.799047 % |
14 day change | 0 % | -8.06332 % |
30 day change | 0 % | -7.21923 % |
200 day change | 43.29 % | 127.49 % |
Year change | 40.98 % | 133.811 % |