📈 SX Snapshot
$SX Price: $0.56
SX Betting Volume (7d): $1.44m
SX Treasury Value: $37.56m
🚀 SX - The Reserve Currency of SX Network
⛽ SX Gas Fees
One of the most exciting aspects of the SX Network launch is that the SX token is going to be going to be used as the medium of exchange on this new blockchain. Every transaction on SX Network, every smart contract deployment, and every asset bridge will need to have SX tokens in order to use the network. SX demand is going to dramatically rise with all these new use cases.
💸 SX Stablecoin
SX is going to be used as collateral to back the SX stablecoin announced last week. This new SX stablecoin will be integrated into SportX as the primary stablecoin betting currency, thereby allowing the exchange to aggregate stablecoin betting liquidity into one currency. It also has the effect of locking up SX; if the SX stablecoin were to hit a $50m market cap, it would require at least $50m in SX as collateral!
🔜 Coming Soon… SX Community AMM
Finally, there’s going to be a community-led fair launched AMM exchange being announced fairly soon. This blockchain-based token exchange will primarily using SX as the base pair for it’s token pairs. This means that up to 50% of the TVL of this new exchange is going to be SX; if the AMM hits $100m of TVL, then up to $50m of SX would be locked in the AMM, which would also massively increase the liquidity of SX!
📰 SX Network News
🐵 SX Listing on ApeSwap Officially Live
SX token officially live now on ApeSwap! Stake SX and BNB tokens to earn BANANA tokens. ApeSwap is one of the biggest decentralized exchanges in the world. Check out the official announcement below:
🏟️ New Markets Launched on SportX
A number of new markets were launched on SportX last week, including some new team props like first half markets. First half markets let bettors bet on the first half of games; it represents the first time that you can bet on something other than the full-time game on SportX. There are a number of other markets being launched, stay tuned!
🏆 New Fall Tournament Schedule
The fall slate of SportX tournaments were announced this week with over $15,000 in total prizes up for grabs. SportX tournaments are the single most effective lever for driving betting volumes; with this recent announcement, SportX is increasing the frequency of tournaments by 300%. Check out all the tournaments on below:
💰 SX Yield Farming
SX can be used to generate a yield by staking or providing liquidity in the following yield farms. Check out the liquidity channel, staking page or Youtube education series for more info on how to take advantage of these great opportunities.
💻 About SX Network
SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network is a stand-alone smart contract blockchain built on the Polygon SDK. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.