The Synthetic Exchange Project token is live now. The SEXP token purpose is to back the synthetic assets on the upcoming SEXP Synth Swap - subscribe to this blog, follow us, and join our Telegram to learn more about synthetics before the mainnet launch.
The SEXP token address is KT1Kyc366SrSJ1camxByr363F9WAiHAaReMv (FA2 standard, token ID 0).
- Trade SEXP on QuipuSwap decentralized exchange
- XTZ/SEXP chart
- Liquidity providing
- Quipu liquidity pool analytics
Participants in the public sale received 160934.0771 SEXP tokens per 1 USD. Participants in the May presale received 298499.6444 SEXP tokens per 1 USD. That makes the fully diluted market capitalization $6.2m.
To see the current approximate USD value of SEXP available on Quipu you can use the preview of a conversion from a USD token (for example USDtz/SEXP; 0.6% fee is included in the calculation). Remember the SEXP pool is small in the beginning (the quoted price for 1 XTZ doesn't hold when you try to trade 100).
The SEXP liquidity pool is growing organically. In the beginning, the price will fluctuate a lot with each small trade. As the pool grows bigger it will be able to absorb larger orders with smaller price swings.
A detailed guide on liquidity providing, its benefits and risks will follow.