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What is Xion Global Token?

XGT is one of the first real cross-chain tokens, making use of the Ethereum mainnet and xDAI chain at the same time! The traditional token functionalities (buy, sell, transfer) and platform-specific functionalities in the Xion platform will be implemented on the xDAI chain in order to save gas fees and allow a smooth UX.

Full description of Xion Global Token

XGT is one of the first real cross-chain tokens, making use of the Ethereum mainnet and xDAI chain at the same time! The traditional Token (?) functionalities (buy, sell, transfer) and platform-specific functionalities in the Xion platform will be implemented on the xDAI chain in order to save gas fees and allow a smooth UX. Anyone holding XGT on the xDAI chain (through a promotion or Staking (?) rewards) can make use of them on the Xion platform for discounts etc. Users are also free to transfer them to the Ethereum mainnet at any time, if they wish to participate in the general public market.
  • Exchange symbol (?): XGT
  • Cryptocurrency type (?): Token (?)

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 Source: NOMICS