What is XSGD?
XSGD is the fully collateralized Singapore Dollar stablecoin.
There are two ways to get XSGD on Tokenize Xchange :
- Deposit XSGD
- Use XSGD swap with SGD
I - Deposit XSGD on Tokenize Xchange
Step 1: Go to our website. Click on "Wallet" and select "Deposit" on your dashboard.
Step 2: Click on "Deposit Crypto"
Step 3: Click on " Deposit by transferring " , the dashboard will show address to deposit XSGD
Copy address then paste on another exchange or you can scan it.
II - Use XSGD swap with SGD
Step 1: Go to our website. Click on "Wallet" and select "Withdraw" on your dashboard.
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 instruction on how to deposit 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".
Step 4 : After making 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" > "My Assets".
- For transferring XSGD tokens from another address into your tokenize account the fee is 0 but withdrawing them out to another address there is a 30 XSGD Fee (Due to High Ethereum Gas Fee).
- Swapping fee charges from XSGD to SGD is 2 SGD per swap and vice versa.