The Newsletter by Tokenize Xchange (Vol.158| Oct 2021)

Win a Free Digital Ticket to Attend SFF Online

Simply join our Facebook group Tokenize Community and comment below HERE which topics/concerns/enquiries that you would like us to discuss in our next October Podcast on Tokenize Xchange.

The comment with the most engagements (reactions + comments) will receive a Digital Pass from us for Singapore Fintech Festival 2021.

Passes include online access to: live & on-demand content, digital exhibition, networking lounges and activities, business matching, downloadable logs for post-event reporting.

  • Access to 100+ global experts
  • 5 days of insightful content, available on-demand for 30 days
  • Certifications issued by AIDF, NUS for your participation (+ 10S$, yet included in Tokenize’s ticket)
  • Networking where 1 in 3 attendees are C-Level

*** As Singapore Fintech Festival will be carried out online only this year, this Digital Pass is applied to both Singapore residence & international users.

*** Give-away ends at 12AM, 20th October, 2021.

Check out the SFF agenda

Check out our September Podcast

Huge Merch and TKX Give-away with Tokenize

Join this event to stand a chance to win our high-quality merchandise and earn free coins to your wallet. For both Singapore residence and international users.

For Singapore Residence

How to Join

Step 1: Download the campaign giveaway photo HERE

Step 2: Upload it on your Facebook account in Public mode with a caption that says how Tokenize Xchange has helped you in your trading journey. Include the hashtags #TKXtothemoon & #happybirthdayTKX on your caption.

Step 3: Like the activation post HERE and Tokenize Xchange fanpage. Wait for the results.

Reward

We will choose out the posts with the most engagements: likes + reactions + comments + shares to grant the prizes.

  • 1st prize: 01 Secret Reward+ 01 Jacket + 01 Mask + Stickers + 5TKX (1 winner)
  • 2nd prizes: 01 Hoodie or Jacket + 01 Mask + Stickers (1 winner)
  • 3rd prizes: 01 Mask + stickers (3 winners)

For International Users

How to Join

Step 1: Like the activation post HERE and Tokenize Xchange official fanpage

Step 2: Comment and tag 3 friends

Step 3: Wait for the results

Reward

We will randomly choose out 4 winners to grant 4 TKX each.

READ THE TERMS AND CONDITIONS

Adjusted Platinum Membership and Xfers Top-up + Withdrawal Fee

From this October, Tokenize Xchange is happy to announce the applied fees for our Platinum Membership and Xfers will be adjusted as following:

  • Xfers Deposit and Withdrawal — now 0.3% from 0.55%
  • Platinum Membership Fee -160TKX, Staking 1440TKX

The adjusted fees will be in effect until further consideration. You can check for the updates right now on our website.

The 8th New Coin Added to the Market this 10.10

As a surprise gift, we are adding Avalanche (AVAX) to our market this Wednesday along with the announced 7 new listings:

  • Chiliz (CHZ)
  • Nano (NANO)
  • Elrond (EGLD)
  • Siacoin (SC)
  • Fantom (FTM)
  • Clover Finance (CLV)
  • THORChain (RUNE)

***Deposit and Withdrawal wallet functions to be announced again.

Learn more about Avalanche (AVAX)

Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services. It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies. Developers at Ava Labs claim that Avalanche is the first smart contracts network to offer transaction finalization in under one second as standard.

Avalanche launched its mainnet in September 2020. The platform’s native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users. Avalanche provides decentralized asset trading which anyone can launch and use, and does so with a network which is unique in the digital realm in providing subsecond transaction confirmations.

Developers aim to bring together the huge, fragmented and often opaque world of asset trading under one roof, allowing barrier-free access. Developers can create and release all manner of entities from blockchains to digital representations of any asset, and allow them to trade according to any given parameters. These include, for example, mimicking compliance regulations in various jurisdictions.

The AVAX token forms the in-house payment method for Avalanche, and is used for fee collection during transactions, as well as for incentives and related purposes. Users can also earn passive income by staking their coins on the network.

Bitcoin Takes a Breather, Could Find Support at $50K-$52K

Bitcoin (BTC) buyers are exiting positions as overbought signals appear on the charts. Resistance is seen at around $58,000-$60,000, the level that preceded a price drop in May. This time, however, pullbacks could be limited toward the $50,00-$52,000 support zone.

BTC was trading at around $55,600 at press time and is down 3% over the past 24 hours.

  • The relative strength index (RSI) on the four-hour chart is declining from overbought levels last week, which suggests the current pullback could extend into Asian trading hours.
  • The RSI is also overbought on the daily chart similar to early September before a price correction occurred.
  • For now, immediate support is seen at the 50-period moving average on the four-hour chart, which is at $54,000. Short-term volatility could remain elevated as indicators show a stalemate between buyers and sellers.

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