The Newsletter by Tokenize Xchange (Vol.116| December 2020)
Christmas crypto giveaway announcement
To spread the joy to everyone, Tokenize Xchange decided to extend the giveaway to 28th December 2020. More time more gifts !!
To participate:
1. Change the social media profile picture on Facebook to Tokenize Christmas avatar with hashtag #TokenizeChristmas
2. Like Tokenize Facebook page
3. Comment with a number ( 1–100 ) and tag 3 friends on this post. The comment is not edited. If the number is duplicated, the winner is the first person who leaves a comment on the post.
4. The giveaway will be applied to all users who have accounts on Tokenize Xchange. If you still do not have an account, please sign up here .
On December 29, we’ll randomly pick 10 winners who will receive 50USD worth of TKX.
Don’t miss the most expected giveaway of this year and let’s spread the joy!
XRP Update
As a client of record that holds XRP, we want to make sure that you are aware of the new regulatory uncertainty surrounding XRP. Yesterday, the SEC filed a legal action to argue that XRP is a security that should have been registered under the federal securities laws.
Tokenize Xchange will continue to provide XRP support across exchange trading and will continue to monitor the situation.
This message is sent as a courtesy, and for informational purposes only. No action is needed from you at this time.
Interest Rate Updates
Since 16th, November 2020, Tokenize has been reduced the interest rate of BTC, ETH, XRP, BCH, LINK to 4% P.A, and 6% P.A if stake with 2500 TKX. In addition, TKX interest rate will be also adjusted to be 8% P.A for normal and 10% per annum for 2500 TKX.
DCA Feature
DCA feature is up and running at Tokeize Xchange!
DCA stands for Dollar Cost Averaging, an investment strategy in which the total amount to be invested across periodic purchases of a target asset. The goal of DCA is to reduce the overall impact of volatility on the price of the target asset.
How does it work on Tokenize Exchange?
DCA feature allows you to automatically make purchases periodically (daily, weekly, monthly).
For example, you choose the monthly option. Next, you will be able to choose which day of the month you want to buy. For instance, 1st day every month. Then, you’ll choose the time, eg, at 6 pm.
Then, at 6:00 PM 1st monthly, it will auto-buy at whatever price (Auto place makes order).
For the weekly option, it will process the same way, you must choose the date and time. Then on the exact time & date, it will execute the order.
Commission for this feature is 1% applied to all tiers of membership!
Note: Time only specific only on hours.
New Xfers flow
Have you ever found that interacting on Xfers is a bit intricate? Now things are getting easier! There’s no need to KYC on Xfers anymore!
Users could just sign up with their email and mobile number on Xfer and link with Tokenize account.
In the past, users had to get KYC-ed on Xfers platform in order to deposit their funds into Tokenize. With the new implementation, users are able to link their KYC account from Tokenize to Xfers to skip this step, thus making the whole process much more seamless and convenient!
Just simply whitelist your bank account and sign up with Xfers in order to start depositing and getting your first Bitcoin with us!
Ethereum Price Hits $670 and Aims for $1,000
Bitcoin’s surge to $24,000 might be attracting all the attention of the cryptosphere, but while BTC hitting a new high is the top news for crypto, Ethereum (ETH) has quietly made positive moves of its own.
In the past 24 hours, ETH/USD has touched highs of $670, with the bullish outlook likely to strengthen further to see bulls target a rally to $1,000. Above this level is the all-time high of $1,432.
Ethereum price managed to climb above an ascending wedge pattern and bulls are targeting $740.
It seems that the In/Out of the Money Around Price chart is showing practically no resistance towards $750 and above.
It seems that the most likely scenario is a full-blown rally towards $740 without stopping, however, it’s entirely possible for ETH to re-test the upper trendline for the wedge first.
Bitcoin continues trading at $24,000 and it’s close to hitting a new all-time high which means buying pressure has increased overall.
When it comes to the ETH/BTC chart, the smart-contracts giant was able to defend a critical support level 0.027 BTC and is trying to rebound higher, however, it remains inside a downtrend on basically all time-frames.
Buyers can easily absorb the losses of a potential downswing to $600 before surging to hit the projected highs of $1k.
Let’s see how Ethereum will rise at the end of 2020!
Subscribe to Tokenize Newsletter!
Follow Tokenize Xchange on Facebook, Telegram, Medium, Twitter, Instagram.
Don’t miss any updates regarding our latest features, events, and community activities. Subscribe now to get them delivered to your inbox.
