EXCHANGE Token®
Enables Commercial and Financial Transactions with Direct Commodity Backing
SYMBOL
$EXT
ADVANTAGES
Flexible: Whenever, wherever and for the amount you want. Efficient: Easy and fast. Secure: 100% digital.
HOW IT WORKS?
EXCHANGE Token® is a Security Token created on the decentralized BNB CHAIN platform under the BEP2/BEP20 protocol; which is a technical standard for token issuance and implementation in the BNB CHAIN environment.
REGULATION
The EXCHANGE Token® and the CCSCEX® ecosystem are regulated by the National Superintendency of Cryptocurrencies and Related Activities - SUNACRIP.
BACKING
Each token issued is backed by assets such as real estate, art, carbon credits, green bonds, production reserves, or commodities. Being regulated, secure, immutable, and transparent, it allows for a reliable record of transactions, reducing fraud and improving settlement times.
Asset-backed tokens are digital assets with characteristics similar to any commodity, such as minerals, agricultural production, oil, and many others, which in turn add value to each token. This is the case with the EXCHANGE Token® from CCSCEX®.
It has a 20-year guarantee: A high-purity Nickel Wire lot has a solid backing guarantee for each EXCHANGE Token®. This contract ensures the tokenization of up to 4.9 kg of high-purity (99.86%) Nickel Wire with a thickness of 0.025 millimeters. This lot has a market value of USD 129.8 million, according to IGAS in April 2022.
At the time of the Security Token Offering (STO), 2,079,461 EXCHANGE Tokens® will be backed at a price of USD 62.42 (nominal value in SW | SUPER WALLET®) starting from the date of the public announcement of authorization by SUNACRIP on May 12, 2021.
The Nickel Wire is located in Geneva, Switzerland, and is stored in UBS Bank, vault 591206.
FORMULA FOR TOKENIZATION OF EXCHANGE Token®
Asset Value ÷ EXCHANGE Token® Face Value on the day = Number of EXCHANGE Token® backed.
CCSCEX | CARACAS COMMODITY EXCHANGE 2023®©.
All rights reserved.
Last updated