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How to Get XSGD on Tokenize Xchange 

By Tokenize Xchange
August 01, 2022

XSGD – a Singapore Dollar pegged stablecoin has become an optimal choice for many crypto investors in this country. If you are wondering how to get XSGD in Singapore, you should not miss this article. Today Tokenize Xchange will help you with two easy methods to get XSGD seamlessly. 

Also, don’t forget to keep reading till the end to learn about our Red Lions Airdrop promo!

how to get XSGD
How to get XSGD on Tokenzie 

Introduction to XSGD

XSGD, issued by Xfers, a licensed Major Payment Institution under the e-money issuance framework, is a stablecoin pegged to the Singapore Dollar, hence, 1 XSGD is equal to 1 Singapore Dollar. Each XSGD is backed by one Singapore Dollar that is being held and safeguarded in a Singapore bank.

Running on the Ethereum & Zilliqa blockchains, XSGD trading takes advantage of the speed, scalability, and cost-efficiency offered by Ethereum and Zilliqa. 

How to get XSGD on Tokenize Xchange

There are two ways to get XSGD on Tokenize Xchange :

  • Use XSGD swap with SGD 
  • Deposit XSGD

Swap SGD to XSGD

Step 1: Go to our website. Click on ‘Wallet’ select ‘Fiat and Spot’, then choose ‘Withdraw’ on your dashboard. 

Swap to XSGD
 Select Withdraw

Step 2: Ensure sufficient SGD in your wallet. 

If you do not have SGD in your Wallet, please deposit it first. You may refer here for detailed instructions on depositing SGD on Tokenize Xchange.

Step 3: Click on ‘Convert to Stablecoins’

Select XSGD and key in the amount of SGD you would like to convert to XSGD.

Click on ‘Swap’

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Step 4: After making the swap, you will see a green notification at the top of the page indicating that your swap has been done successfully. You may check your XSGD balance under ‘Wallet > Fiat and Spot’.

Note: Swapping fee charges from XSGD to SGD is 2 SGD per swap and vice versa.

Deposit XSGD to Tokenize Xchange

Besides Swap SGD to XSGD, users can get XSGD by depositing XSGD to their Tokenize wallet

Step 1: Go to our website. Click on ‘Wallet > Fiat and Spot’ and select Deposit on your dashboard. 

Step 2: Click on ‘Deposit Crypto’

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Step 3: Click on ‘Deposit by transferring’, and the dashboard will show the address to deposit XSGD

Copy the address then pastes into another exchange or you can scan it. 

Trade XSGD pairings to earn up to 10,000 XSGD and S$1,800 worth of XSGD 

National Day of Singapore is celebrated every year on August 9th, in commemoration of Singapore’s independence. This year, to honor the special day, Tokenize Xchange, in collaboration with StraitsX will bring to all Tokenize users Red Lions Airdrop: the biggest airdrop promo in 2022: All users who trade at least S$1,000 of XSGD will share a prize pool of S$10,000 worth of XSGD credited to your wallet!

Red lions airdrop
Red Lions Airdrop is coming to celebrate Singapore’s National Day

The more you trade, the more you earn! Let’s find out!

Promotion period

The promotion runs from 1st August 2022, 00:00 to 31st August 2022, 23:59.

Rewards

1st Place (User who has traded the most volume of XSGD pairings in August will get: 

S$1,000 worth of TKX

2nd Place (User who has traded the 2nd most volume of XSGD pairings  in August will get:

S$500 worth of TKX

3rd Place (User who has traded the 3rd most volume of XSGD pairings in August will get:

S$300 worth of TKX

Besides the top 3 users who got the highest trading volume, users who have traded at least S$1,000 (accumulated) worth of XSGD in August 2022 will share a prize pool of: 10,000 XSGD

Click HERE to learn more about General Rule and Participation Guide of the Red Lions Campaign! 

Disclaimer

Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.