VNX
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What does the VNX platform do? VNX (VNX Commodities AG) is a Liechtenstein-based company registered by the Financial Market Authority under the Blockchain Act. VNX generates gold-backed and fiat-referenced stablecoins.
What stablecoins does VNX generate? VNX has two types of stablecoins: Fiat-referenced stablecoins — VNX Euro (VEUR) and VNX CHF (VCHF) Gold-backed stablecoins — VNX Gold (VNXAU)
What is a VNX Gold (VNXAU)? VNX Gold (VNXAU) is a multichain token that represents the direct ownership of physical gold (1 gram of gold = 1 VNX Gold token). VNX Gold is a gold-backed stablecoin.
What are the advantages of VNX stablecoins? Being referenced to traditional currencies, VNX stablecoins offer a traditional asset in digital form. This is a more stable and reliable instrument correlated to the real world for operations in the crypto market.
What are the advantages of VNX stablecoins? Being referenced to traditional currencies, VNX stablecoins offer a traditional asset in digital form. This is a more stable and reliable instrument correlated to the real world for operations in the crypto market.
Fiat-referenced tokens are generated by the licensed company. VNX Commodities is registered as TT Service Provider with the (FMA), namely as Token Generator, TT Exchange Service Provider, TT Token Depository, TT Key Depository and TT Identity Service Provider.
What is a blockchain standard of VNX stablecoins? VNX Stablecoin (FRT) is planned to be generated on a variety of blockchains. At the moment it is generated on the Ethereum blockchain using the ERC20 protocol.
VNX Stablecoins can be purchased/sold on the VNX platform or at the crypto exchanges. For each stablecoin you may find the list of the crypto exchanges on the respective webpages: http://vnx.li/veur and http://vnx.li/vchf.
All your questions can be answer here https://faq.vnx.li/en/collections/3061915-frequently-asked-questions-faq… #VNX $VEUR $VCHF #stablecoins $VNX
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