Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

TechX says portfolio cryptocurrency company Catalyx launches Canadian dollar-backed stablecoin on top-15 global exchange

% of readers think this story is Fact. Add your two cents.


TechX Technologies Inc (CSE:TECX) (OTC:TECXF) (FRA:C0B1) has told investors that it considers its investment in CatalX CTS Ltd (Catalyx) to be an early success after the company officially listed its Canadian cryptocurrency CADX on the Bittrex Global Exchange. 

CADX is a multi-chain Canadian Dollar pegged stablecoin, meaning every CADX token is fully backed and redeemable for C$1. Bittrex, its newest home, is one of the world’s top 15 cryptocurrency exchanges in terms of liquidity.

Catalyx.io, a cryptocurrency exchange with more than 40 altcoins, first launched CADX in 2020 through a partnership with Seattle-based fintech company Stably. CADX is powered by Stably’s ERC20 smart contract technology, which has been audited by a leading US-based blockchain security firm, QuantStamp.

READ: TechX portfolio cryptocurrency exchange company Calyxt sees revenue double in May amid active user surge

Potential roles for the new CADX token are in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, smart money (programmable money), interest-bearing digital wallets, partnerships for international remittances and settlements and foreign exchange conversions, the company said. 

CADX offers the following features:

  • Instantly redeemable for Canadian dollars 24/7
  • Earn interest on CADX from crypto lending
  • Send or receive CADX to or from anyone, anywhere, at anytime
  • Bank-grade off-chain security for asset custody and sensitive data storage
  • Easy integration with any mobile applications
  • Regulated trustee organized under US law
  • Zero token issuance/redemption fees
  • Cheap on-chain transfer for only a few pennies of network/gas fees
  • Fast on-chain transfer speed
  • Multichain support for Ethereum, Tezos, Algorand and many other protocols

“We are ecstatic to be the first Canadian dollar-backed stablecoin to be listed on Bittrex, one of the world’s top crypto exchanges,” Catalyx CEO Jae Park said in a statement. “The listing on Bittrex provides the CADX coin international market exposure and offers crypto traders a flexible and secure alternative to existing stablecoins.”

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/951836/techx-says-portfolio-cryptocurrency-company-catalyx-launches-canadian-dollar-backed-stablecoin-on-top-15-global-exchange-951836.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.