DemXPrice

(DEMX)

DemX is an L1 native, shariah-compliant utility token designed to address volatility inherent in cryptocurrencies. It utilizes a Proof-of-Authority (PoA) consensus mechanism to maintain its operational integrity and provide a stable foundation for its ecosystem. This innovative approach positions DemX as a unique offering in the blockchain space, focusing on both technological advancement and ethical compliance.

The vision of DemX is multifaceted, aiming to introduce backed cryptocurrencies that significantly mitigate market volatility. It seeks to streamline crypto transactions by removing the constant need for hedging, offering stable tokens backed by physical assets such as precious metals. Furthermore, DemX aims to foster financial inclusion, particularly for the Muslim community, by ensuring all its crypto assets are compliant with Shariah principles, thus broadening accessibility to the digital economy.

The DemX token is structured similarly to an Exchange Traded Fund (ETF), meaning it is backed by a diversified portfolio of various precious metals. This backing is designed to offer investors significant portfolio diversification opportunities. The integration of physical assets provides a fundamental price guarantee, enhancing trust and stability within the DemX ecosystem and offering a tangible store of value for its holders.

DemX guarantees its fundamental price through a robust mechanism tied to its backing assets. The token's fundamental price is directly determined by the weighted average of all the precious metals that collectively back it. This strategic design prevents excessive depreciation of the token's value, even during adverse market conditions or bear markets, providing a resilient and stable investment option for users.

Yes, DemX is meticulously designed to be Shariah-compliant. The project explicitly aims to ensure that all its backed crypto assets adhere strictly to Islamic principles. This commitment makes DemX an accessible and appealing option for the Muslim community, allowing them to participate in the cryptocurrency market with confidence, knowing their investments align with their religious and ethical guidelines.

As per the latest available information, the DemX token is currently awaiting official listing on various crypto exchanges. Therefore, it is not yet available for public trading on any platform. Future updates regarding its availability and trading venues will be announced by the project. LBank is a potential platform for its future listing once it becomes available for trading.