PDX Coin, a utility-based cryptocurrency that includes an in-development global crypto-to-fiat mobile payments app, announced this week it will commence trading on both the Uniswap decentralized exchange and on XT.com, beginning today. Currently, PDX trades on p2pb2b.io and Vindax.
Uniswap is the world’s biggest decentralized exchange, while XT.com has more than three million users and 30 million followers on social media. XT is one of the most popular exchanges in Asia, and is based in Singapore and Hong Kong.
The listing will include a decentralized finance (DeFi) offering from PDX Coin. PDX Coin holders will be able to stake their PDX Coin tokens on Uniswap and earn 12 per cent APR with a minimum six-month lock, and 15 per cent APR for a 12-month lock, an attractive return in the current economic climate.
PDX’s entry into the growing DeFi space will enable it to develop lending products based on consumer, mortgage and business loans that complement its global virtual banking and payments applications that will be coming to market in the near future, the company said.
“We are seeing a strong interest in new DeFi financial products from cryptocurrency holders,” said Shane Rodgers, CEO, PDX Coin. “We expect to create a variety of DeFi lending and other product offerings, going forward.”
PDX will initially trade on Uniswap with USDT pairs.
PDX Coin is a global payments and digital banking platform that is being built as an on-ramp to enable hundreds of millions of retail users, institutions, merchants and vendors and other ecosystem partners worldwide to fully participate in the crypto economy freely and easily with instant conversions and low fees. Their upcoming payments app and banking services will enable all major cryptos to become instantly liquid and spendable in tens of millions of locations around the world. PDX is also developing products and services across the DeFi and NFT spaces with plans to introduce by early 2024 a linked platform to trade tokenized shares of most publicly held companies globally, 24/7, taking into account the required completion of regulatory compliance processes.