Bitfinex and IDEX List SX, the Polygon`s First Layer-2 Blockchain Token

February 21, 2022 9:06 AM EST | Source: Cryptoken Media

Toronto, Ontario--(Newsfile Corp. - February 21, 2022) - SX Network becomes the first company to launch a stand-alone blockchain using the Polygon SDK and gets listed on Bitfinex, IDEX and other leading exchanges.

On 28th January 2022, the SX native token was listed on Bitfinex as SX/USD and SX/USDT pairs. The token got listed in IDEX`s farms on 3rd February with an x3 multiplier and 82% current APR, as well as listed as an SX/USDC trading pair. Both platform listings are following up listings on Uniswap, Apeswap, Sushiswap, and other popular exchanges.

About SX Token

The SX Token (SX) was built for the governance of the SX Network. It serves for covering transaction fees, can be staked by validators to earn fees, and can be used as both a voting and betting currency in SX governance.

About SX Network

SX Network is based on Polygon`s SDK and was built around a set of smart contracts. It governs non-custodial and peer-to-peer prediction markets. The blockchain is fully EVM compatible and users can be easily connected to other EVM-compatible blockchains like Solana, Binance Chain, Avalanche, Polkadot, and NEAR without changing their Ethereum wallet addresses, token names, block explorers, and wallets.

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The SX Protocol is one of the most prominent non-custodial prediction market protocols in the world, processing more than $120,000,000 in trades since its inception. SX Protocol pioneered several new features to make this possible: peer-to-peer central limit order book liquidity, community treasury governance, and the first prediction market liquidity mining program.

SX Treasury

SX Network has its own SX Treasury fund, which is an on-chain fee pool, receiving 55% of all SX along with fees generated by the SX Protocol. The treasury is used to fund application developers that adopt the SX network, based on the governance votes, with over 20+ businesses being eligible for support at the time of writing.

SX is the first public network to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. It is also the first smart contract blockchain to implement a market-based governance system for both its treasury and network parameters.

Jake Hannah

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