VNX Euro, VNX Swiss Franc and VNX Gold Now Available on Polygon: Expanding Use Cases for Stable Assets

  • Blockchain
  • 24.08.2023 12:15 pm

VNX, a Liechtenstein-based company registered by the Liechtenstein Financial Market  Authority (FMA) under the Blockchain Act, has added VNX Euro (VEUR), VNX Swiss  Franc (VCHF), and VNX Gold (VNXAU) to the Polygon blockchain, providing users with faster transaction times, lower fees, and improved interoperability with other DeFi protocols.  VNX stablecoins cater to different needs in the digital economy, enabling users to effectively manage their investment portfolios, make cross-border transactions, hedge against volatility or integrate stable assets into dApps and digital businesses. 

Polygon users can now enjoy a diversified portfolio of VNX tokens referencing traditional currencies, including VNX Euro (VEUR) and VNX Swiss Franc (VCHF), as well as VNX  Gold (VNXAU), which represents ownership of physical gold securely stored in a vault in  Liechtenstein. 

"We are excited to bring the VNX Euro, VNX Swiss Franc and VNX Gold to the Polygon network," said Alexander Tkachenko, CEO and Founder of VNX. "This will provide VNX  users with faster and more cost-efficient transactions, as well as use cases for Polygon users with stable assets in DeFi”. 

With the addition of VNX Gold, VNX Euro and VNX Swiss Franc, Polygon network, home to tens of thousands of dApps and some of the biggest Web3 projects, such as Aave,  Uniswap, QiDao, and OpenSea, can benefit from integration of VNX tokens to their products. VNX tokens on Polygon are already accessible for buying, selling, and liquidity provided on well-known decentralized platforms such as Uniswap, KyberSwap, and  Balancer and on centralized exchanges – Emirex and BitForex. Moreover, Korean users can utilize the benefits of VNX tokens through the Burrito Wallet enabling them to trade and also providing them access to the Web3.0 world of opportunities. They are also available for purchase and sale for Euro, Swiss Francs and crypto on the VNX platform serving private and institutional clients. Moreover, the availability of VNX tokens will soon extend to other platforms and dApps. 

"We are thrilled about the deployment of VNX and new tokens: VNX Euro, VNX Swiss  Franc and VNX Gold to the Polygon network," said Hamzah Khan, Head of DeFi at Polygon  Labs. "This integration will make it easier for users to transact with these tokens, and we look  forward to seeing more use cases coming from the combination of Polygon ecosystem  players with VNX." 

Being multichain VNX tokens enable users to access stable assets on various blockchains,  allowing users to choose the blockchain that best suits their needs and preferences and easily swap them between different blockchains. 

By transforming stable traditional assets into digital form and reducing transaction costs,VNX tokens unlock a world of exciting possibilities and can be used for settlement and payments, paving the way for new user scenarios and creating unique opportunities to engage with customers of digital businesses across a multitude of industries. Whether it's in gaming,  payment systems, or wallets, the integration of stable assets introduces a whole new level of convenience and flexibility. This has the potential to revolutionize the way we interact and transact in the digital realm. 

 

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