Singapore Exchange is Asia’s leading and trusted securities and derivatives market infrastructure, operating equity, fixed income, currency, and commodity markets to the highest regulatory standards. It also operates a multi-asset sustainability platform, SGX FIRST or Future in Reshaping Sustainability Together.

Concept Project – What is SGX FAST?

SGX was born from the XFAST project of SGX Singapore, one of the largest stock exchanges in Singapore.

The SGX FAST project focuses on developing the largest Crypto Currencies exchange in Singapore and reaching out to the world from the experience and resources of the parent company SGX.

Outstanding features

What is the project trying to achieve?

SGX is committed to facilitating economic growth in a sustainable manner leveraging its roles as a key player in the ecosystem, a business, regulator, and listed company. With climate action as a key priority, SGX aims to be a leading sustainable and transition financing and trading hub offering trusted, quality, end-to-end products, and solutions.

SGX also has a Business Continuity Management (BCM) function that identifies and strives for resilience in their key areas of business by devising plans and strategies that will enable business operations to recover quickly and effectively from identified disruptions. This is done through plans, measures, and arrangements that are put in place as part of emergency preparedness so that they can respond effectively when faced with sudden threats or disruptions. Their goal is to manage crises and to continue critical operations under adverse conditions, minimizing the impact on our people, operations, and facilities. Being prepared is our strongest defense

What is unique selling point?

An exchange with many technological innovations, not just a regular exchange:

• Exchanges

The AI-trained data is compiled from the trading performance from SGX Singapore, using algorithms that compare the current graph volatility with the graph data collected from 20 years of trading history and give the risk ratio to the user.

The difference of SGX FAST exchange is that every time you are about to place a Stop Limit Buy/Sell order, our AI-based calculator will give you a number of risk ratios that your order can participate in. review and consider.

• Launchpad

Projects proposed on Launchpad undergo rigorous testing in terms of technology used, source code, project members, roadmap, legal issues according to international law, and potential level of the project.

These projects have great potential to become successful projects, with the ability to call for instant funding through IDO on Launchpad. Investors will select projects that are suitable for their research and deposit the amount they can invest according to the minimum and maximum limits of the project founder

• Savings

Flexible Savings is an SGX FAST product that allows users to lend and earn interest. Each user can lend their idle crypto assets to Binance Margin and begin making returns. Flexible Savings acts as your Crypto savings account. Simply designate your held crypto as loanable to begin earning interest. The scheme is flexible and allows you to redeem your funds at any time. After withdrawing your loaned funds, you will receive a total amount that includes a daily interest in real-time funds credit.

• Staking

“Locked staking” refers to the process of locking your digital assets on a Proof of Stake blockchain for a certain period of time. This not only contributes to the network but also provides you with staking rewards. More specifically, Proof of Stake (PoS) is a consensus mechanism that selects block validators based on the number of coins they stake. The more coins you stake, the higher the rewards. SGX FAST Staking provides an easy way for HODLers to stake and earn rewards.

• DeFi

This allows users to access DeFi in a user-friendly and straightforward manner. Without the need to manage private keys, Page | 12 SGX Financial Associate Statement Trading acquires resources, makes trades, or performs other complicated tasks required to participate in DeFi Staking. By simply clicking [Stake now], you can participate in DeFi Staking projects and earn high returns easily and safely. SGX Token is based on the Binance Smart Chain platform

Road Map

Technical Data

SGX Token is based on the Binance Smart Chain platform, an important role in the SGX FAST ecosystem.

Key Metrics

• Token name: SGX FAST
• Symbol: SGX
• Total Supply: 500,000,000 SGX
• Platform: Binance Smart Chain
• Token Standard: BEP-20
• Burning Event: Yes
• Pre-sale: From $0.025
• Acceptance: USDT or BNB
• Transaction limit:  Minimum: 0.1 BNB / Maximum: 5 BNB
• Hardcap:     $4,200,000
• Contract:     0x8627c09d493e40047a88aDAFb9b07ca84949Ad5e

Token Allocation

Token Sale

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Token release Schedule

Token Use Case

• Trade-in SGX/USDT
• Reduced transaction fees for other currency pairs
• Join Staking, Savings, DeFi right on SGX FAST
• Buy Tokens from the project on Launchpad

How to own the token?

Access the website: https://sgxfast.com/

Market and Community

Market

SGX’s ecosystem will be expanded in the future. Besides the trading platform, SGX will develop its own blockchain and issue an official coin. At that time, SGX will focus on researching and developing the X Wallet storage wallet application. SGX will soon be listed on Coinmarketcap and major exchanges like Gate.io, MXC, etc before being officially listed on SGX FAST Exchange. SGX FAST exchange is expected to be launched in Q1 2022.

As Asia’s most international, multi-asset exchange, SGX provides listing, trading, clearing, settlement, depository, and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore. SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan, and ASEAN. Headquartered in AAA-rated Singapore, SGX is globally recognized for its risk management and clearing capabilities. 

Community

SGX’s following on Twitter has surged to 12.7k followers

Every year since 2004, their SGX Bull Charge corporate social responsibility (CSR) initiative has been rallying Singapore’s financial community and its listed companies together for a common cause: to support the needs of underprivileged children and families, persons with disabilities, and the elderly. SGX Bull Charge has raised more than S$35 million for over 50 charities. Through SGX Bull Charge Cares, their staff comes together to organize and participate in activities ranging from festive celebrations to fundraising events for our charity beneficiaries.

Backers

Team/Founder

Singapore Exchange is Asia’s leading and trusted securities and derivatives market infrastructure, operating equity, fixed income, currency, and commodity markets to the highest regulatory standards. It also operates a multi-asset sustainability platform, SGX FIRST or Future in Reshaping Sustainability Together

Advisiors

Partners

Conclusion and analysis

SGX FAST Exchange will be launched in Q1 2022, use SGX Tokens to reduce transaction fees, participate in Staking programs with attractive APY.

In the ecosystem of FAST, you can only use SGX to buy potential Tokens from projects that are about to be listed on exchanges. Investing from Launchpad often brings high returns.

Find more information about SGX FAST:

Website: https://sgxfast.com/

Telegram: https://t.me/sgxcoinchannel

Twitter: https://twitter.com/sgxcoin

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

Elise

Coincu research