SouthXchange Coin price is $0.00004266
As of the most recent update, the price of SouthXchange Coin (SXCC) is $ 0.00004266. It's important to note that the value of cryptocurrencies can fluctuate quite a bit, so this price is subject to change. Over the past 24 hours, the price has increased by +0.00%.
SouthXchange Coin (SXCC) is a cryptocurrency developed by the SouthXchange cryptocurrency exchange platform. SXCC serves a dual purpose within the SouthXchange ecosystem. It allows users to become more involved by enabling them to vote for the listing of new coins on the platform. Additionally, SXCC holders can participate in moderating the platform by having the power to ban users from the exchange's chat. It's meant to empower users by providing them more influence in the exchange's operations and community.
The specific individual or team behind SouthXchange Coin has not been disclosed in the provided information. However, it is typically created by the developers of the exchange itself. Given that SouthXchange Coin is affiliated with the SouthXchange platform, it can be assumed that the exchange's in-house team is responsible for the development and maintenance of SXCC.
SouthXchange Coin works by integrating into the functions of the SouthXchange platform. Holders of SXCC can utilize the coin to engage in specific community-driven actions on the platform. For instance, they can vote on which new cryptocurrencies should be added to the exchange, ensuring that the community's voice is heard in such decisions. Furthermore, SXCC owners have the option to moderate the community chat by banning users who do not adhere to the chat's guidelines or who engage in prohibited behavior.
The primary use case for SouthXchange Coin is to provide users of the SouthXchange platform with additional rights and functionalities. Through SXCC, users can directly influence the exchange's offerings and maintain a healthier environment in the exchange's public discussion areas. This corresponds to an increasing trend in the crypto space where token ownership allows for governance rights in the ecosystem in which they're used.
SouthXchange Coin empowers its holders by granting them governance abilities. This means that SXCC holders can vote for new coin listings, playing a direct role in shaping the portfolio of assets available on SouthXchange. Additionally, the coin gives them moderation power in the chat environment of the exchange, which not only makes the platform more democratic but also incentivizes positive community engagement.
What's unique about SouthXchange Coin is its specific utility within the SouthXchange platform. Unlike many cryptocurrencies that aim to serve as a wide-ranging currency or a platform for decentralized applications, SXCC has a niche focus. It's tailored to enhance a user's experience on a particular exchange by integrating voting and moderation tools, which is a more unique and community-focused role.
SouthXchange Coin (SXCC) can be purchased directly on the SouthXchange platform. It's designed explicitly for use within this ecosystem, so interested parties would need to create an account on SouthXchange.com to buy, sell, or trade SXCC. Since it has a specialized purpose, it might not be as widely available on other exchanges.
To keep your SouthXchange Coin (SXCC) safe, it’s essential to follow general best practices for cryptocurrency security. If SXCC is supported by external wallets, keeping it in a hardware wallet detached from the internet when not in use can protect against online theft. For those who prefer more convenient access, a secure software wallet that uses strong encryption and multi-factor authentication can be an alternative. Remember to keep your backup seed phrase in a safe location, separate from your wallet, to recover your funds if necessary.
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