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StrikeX

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Discover StrikeX's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is StrikeX?

StrikeX (STRX) is a cryptocurrency that powers a platform allowing users to trade tokenized real-world assets such as stocks and commodities. It aims to transform financial technology through innovative blockchain solutions, providing a far-reaching and efficient ecosystem.

How is StrikeX used?

StrikeX (STRX) is the native utility token of the StrikeX ecosystem. It serves multiple purposes across various products within the ecosystem. Here are some key uses of STRX:

  1. X-chain: STRX will be the native currency of the X-chain, a custom-built POA blockchain network. It will be used for all transactions and gas fees on this network.

  2. TradeStrike: STRX is the native exchange token for the blockchain-powered trading platform, TradeStrike. It acts as a gateway to all tradable assets on the platform, including cryptocurrencies and public stock tokens.

  3. Stock Token Bridge: STRX is used to carry out all transactions across the stock token bridge, which connects the traditional stock market to the blockchain. This bridge allows for 24/7 trading and self-custody of stock portfolios.

These uses highlight the versatility and utility of STRX within the StrikeX ecosystem, making it a crucial component for various financial transactions and operations.

How do I store StrikeX?

To store StrikeX (STRX) tokens, you can use the StrikeX DeFi Crypto Wallet. This wallet allows you to store, exchange, and track StrikeX and other cryptocurrencies. You can download the wallet from the Apple App Store or Google Play Store. Once downloaded, follow the on-screen instructions to create a new wallet or import an existing wallet using your 12-word seed phrase.

How to buy StrikeX?

To buy StrikeX (STRX) tokens, follow these steps:

  1. Choose an Exchange: StrikeX is currently available on three exchanges: ProBit Exchange, PancakeSwap (V2), and Bitmart. You can select one of these exchanges based on your preferences and the trading pairs they offer.

  2. Create an Account: If you don't already have an account on the chosen exchange, create one. This typically involves registering and completing a Know-Your-Customer (KYC) verification process.

  3. Buy a Base Currency: You will need a base currency like USDT or WBNB to trade for STRX. You can buy these currencies on the exchange or through other means like Transak, which allows you to purchase crypto with fiat currency using credit cards or other payment methods.

  1. Exchange for STRX: Once you have the base currency, use the exchange's spot trading feature to trade it for STRX. For example, on ProBit Exchange, you can trade USDT for STRX, and on PancakeSwap (V2), you can trade WBNB for STRX.

  2. Set Up a Wallet: If you want to store your STRX tokens securely, set up a crypto wallet like Trust Wallet. This will allow you to manage your tokens and make transactions on decentralized exchanges (DEXs) like PancakeSwap.

  3. Transfer STRX to Your Wallet: After purchasing STRX, transfer the tokens to your wallet to ensure secure storage and control over your assets.

Remember to always follow the specific instructions and guidelines provided by the exchange and wallet you choose, and be cautious of scams and market risks.

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History of StrikeX

StrikeX (STRX) is a cryptocurrency that was launched in October 2021. It was created by TradeStrike Ltd, a UK-based startup focused on developing user-friendly blockchain products for retail investors. The token was born from the evolution of its predecessor, StrikeCoin, and marked a significant milestone by becoming the first cryptocurrency to be launched into space on October 13, 2021.

The launch of StrikeX was officially announced on October 15, 2021, and it was designed to be the native currency for TradeStrike's flagship product, which was set to be released in Q4 2022. The project aimed to provide a comprehensive ecosystem for trading various assets, including stocks, cryptocurrencies, non-fungible tokens (NFTs), and real estate, all within a single platform.

StrikeX's mission is to develop innovative software solutions that make complex blockchain technologies accessible and easy to use for a wide range of users. The project envisions a future where blockchain technology transforms financial markets, businesses, and governments, and it strives to play a key role in this transformation.

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How StrikeX works

StrikeX (STRX) is a utility token built on the Binance Smart Chain (BEP20) and is the native currency of the StrikeX ecosystem. It is designed to perform multiple functions across various products within the ecosystem. Here's an overview of how it works:

X-Chain

StrikeX is developing its own custom-built Proof of Authority (POA) blockchain network, known as X-Chain. Once completed, STRX will become the native currency of this network. A bridge will be created to allow holders of STRX BEP20 tokens to migrate to the new POA network. STRX will be used for all transactions and gas fees on X-Chain.

TradeStrike

STRX is the native exchange token for TradeStrike, a blockchain-powered trading platform. This platform offers a diverse range of assets, including cryptocurrencies and public stock tokens. The STRX token acts as a gateway to all assets tradable on the platform.

Stock Token Bridge

The stock token bridge connects the traditional stock market to the blockchain by minting and burning fully collateralized stock tokens backed by real-world assets. This allows for 24/7 trading and self-custody of stock portfolios in the StrikeX DeFi Crypto Wallet. STRX is used to carry out all transactions across the stock token bridge, bringing the volume of the stock market into the STRX token.

Security and Governance

StrikeX emphasizes security and governance through its immutable, end-to-end encrypted records stored across multiple nodes in different locations. This prevents fraud and unauthorized access. Additionally, STRX governance tokens are granted to participants in airdrop events, giving them a say in the direction of the project.

Airdrops

StrikeX conducts airdrop events, where participants receive additional tokens for free. These events are designed to reward existing token holders and encourage community engagement.

Token Details

The STRX token has undergone audits and has a legal opinion, ensuring its legitimacy. It is categorized as a microcap token, indicating its potential for growth. The token's utility is unmatched, with a wide range of applications across the StrikeX ecosystem.

In summary, StrikeX (STRX) is a utility token that plays a central role in the StrikeX ecosystem, facilitating transactions, governance, and access to various products and services, including X-Chain, TradeStrike, and the stock token bridge.

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StrikeX's strengths

The token StrikeX (STRX) has several strengths that contribute to its potential and utility within the StrikeX ecosystem. Here are some key points:

  1. Native Currency and Utility Token: STRX is the native currency of the StrikeX ecosystem and serves as a utility token, facilitating various functions across different products and services within the ecosystem.

  2. Multi-Functional: STRX performs multiple functions, including transactions and gas fees on the X-chain blockchain network, acting as the native exchange token for TradeStrike, and enabling transactions on the stock token bridge.

  3. Bridge to Traditional Markets: The stock token bridge, which utilizes STRX, connects the traditional stock market to the blockchain, allowing for 24/7 trading and self-custody of stock portfolios.

  1. Growing Ecosystem: StrikeX is developing a suite of products, including X-chain and TradeStrike, which will further enhance the utility and value of STRX.

  2. Technical Indicators: While market sentiment can fluctuate, technical indicators such as the Relative Strength Index (RSI) and Moving Averages (MA) can help predict future price movements and trends for STRX.

  3. Market Capitalization and Trading Volume: STRX has a significant market capitalization and trading volume, indicating a level of market interest and liquidity.

These strengths position STRX as a versatile and potentially valuable token within the StrikeX ecosystem, offering a range of use cases and opportunities for investors and users.

StrikeX's risks

StrikeX (STRX) carries significant financial risks. According to InvestorsObserver, the cryptocurrency has a high risk assessment due to its potential for price manipulation based on recent changes in volume and market capitalization. This means that a relatively small amount of money could significantly impact the price, making it a high-risk investment.

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Did StrikeX raise funds?

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StrikeX's ecosystem

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StrikeX’s team

  • Joe Jowett: Co-founder of StrikeX, aiming to create user-friendly blockchain tools that make investing simple.

Whalee AI

The fundamental analysis assistant for crypto value investors.

StrikeX NEWS REPORT

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