Could 16, 2023, Singapore: XT.COM, the world’s first socially infused buying and selling platform, is thrilled to announce the itemizing of OZFT on its platform within the Fundamental zone and the OZFT/USDT buying and selling pair shall be open for buying and selling from 2023-05-16 06:00 (UTC).
Customers can deposit OZFT for buying and selling at 2023-05-15 06:00(UTC)
Withdrawals for OZFT will open at 2023-05-17 06:00 (UTC)
About OUGON ZAKURA FT (OZFT)
Ougon Zakura FT, a Japanese monetary companies firm, has introduced the launch of its new gold-pegged stablecoin, OZFT. Every OZFT token is pegged to the worth of 1 gram of gold, offering a dependable and handy technique of asset administration and inflation hedging. The token is designed to have the identical asset and funding traits as bodily gold and contains a small fee operate that isn’t present in different related merchandise.
Ougon Zakura FT goals to advertise using OZFT as a method of fee along with its use for asset administration and inflation hedging. OZFT shall be issued and bought by means of a wide range of channels. Initially, Ougon Zakura FT will difficulty new tokens, and XT.COM will act as a vendor and set up a service to promote the Token to customers. In part 2, the corporate plans to broaden the variety of cryptocurrency exchanges that deal with the Token, thus increasing the gross sales community of the Token and growing its liquidity.
The corporate additionally plans to offer a service that permits the OZFT Token for use as a method of remittance or fee and broaden what may be exchanged with the Token past bodily gold, different crypto belongings. When buying OZFT by means of XT.COM, the issuer will buy bodily Swiss Gold equal to the amount of the tokens from Degussa Sonne/Mond Goldhandel Ltd through Japan’s solely approved distributor, Ok.Ok. ARCA. The bodily gold bought will then be deposited with and safely saved by Degussa Sonne/Mond Goldhandel Ltd. Those that buy the Token by means of XT.COM or different cryptocurrency trade service suppliers may have a proper to demand the issuer to redeem the token at a value that approximates the market value of the bodily Swiss Gold. Nonetheless, the holder of the Token can not request the issuer to return the deposited bodily Swiss Gold. The higher restrict set for the issuance of the Token is a amount equal to 950 billion yen (100 million OZFT).
The utmost variety of issued tokens could also be elevated sooner or later on the situation that it doesn’t hurt the pursuits of customers and the general stability of transactions. The buying and selling value of the Token introduced by the issuer shall be calculated based mostly on the negotiated buying and selling marketplace for supply in London. Within the occasion the place a vulnerability is found in programs associated to the Token, such because the blockchain and sensible contract used for the Token, the pockets that shops the Token, and some other programs that have an effect on the standard of the Token, the motion of the Token could also be restricted in accordance with the foundations of the Blockchain Platform Steering Committee, which consists of the issuer and the crypto asset trade service supplier that handles the Token.
Albin Warin, the CEO of XT.COM, expressed his pleasure in regards to the itemizing of the OZFT token on their platform. In an announcement, he mentioned, “We’re thrilled to record the OZFT token on our trade. The gold-pegged stablecoin gives a novel funding alternative for our customers, combining the soundness of bodily gold with the comfort and accessibility of cryptocurrencies. We imagine that OZFT has the potential to turn out to be a preferred asset for these trying to diversify their portfolios and hedge in opposition to inflation. We look ahead to supporting the expansion of the OZFT ecosystem and offering our customers with one of the best buying and selling expertise potential.”
About SAKURA PLATFORM LTD
Sakura Platform Ltd, a Micronesian company, is the driving drive behind the revolutionary Ougon Zakura FT and Ougon Zakura NFT choices. These distinctive digital belongings are reworking the way in which individuals put money into and commerce gold.
The Ougon Zakura NFTs are generated based mostly on deposit certificates of Gold Bullion securely saved in Switzerland. By combining the time-tested attraction of gold with the comfort of digital belongings, these NFTs supply a brand new method to wealth administration. Patrons can simply commerce Ougon Zakura NFTs by means of direct gross sales or public sale platforms, harnessing the ability of ERC721 blockchain know-how for safe transactions.
Ougon Zakura FT goals to advertise its use as a method of fee, and its gold peg ensures the identical asset and funding traits as bodily gold. The Token is offered for buy by means of XT.COM and different cryptocurrency trade service suppliers.
Web site: sakuranft.jp/Whitepaper: OZFT.pdfTwitter: https://twitter.com/SAKURANFT_IR
About XT.COM
Based in 2018, XT.COM serves greater than 6 million registered customers, over 500,000+ month-to-month lively customers, 40+ million customers within the ecosystem, and 1000+ buying and selling pairs. Since then, XT.COM crypto trade has expanded its choices by masking a wealthy number of buying and selling classes to offer a safe, trusted, and intuitive buying and selling expertise for its giant consumer base. One such addition is crypto futures buying and selling which incorporates USDT-M Futures and coin-M futures perpetual contracts, in addition to prediction markets the place customers can conduct transactions by predicting the outcomes of future occasions. Moreover, the Futures Grid permits customers to automate the shopping for and promoting of futures contracts to make earnings.
Web site: https://www.xt.com/Twitter: https://twitter.com/XTexchangeTelegram: t.me/XTsupport_EN
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