Matrixdock Silver
XAGM
$61.18
Current Price
-1.21%
24h Change
Info
XAGM
Symbol
$4.04M
Fully Diluted Valuation
$4.04M
Market Cap
244
Market Rank
66.00K
Total Supply
$21.22K
Total Volume
$61.93
24h High
$60.02
24h Low
About Matrixdock Silver
Matrixdock Silver (XAGm) is a blockchain-based token designed to provide a digital representation of physical silver, offering a stable and secure means of investment. Each XAGm token initially equates to one fine troy ounce of 99.9% purity silver, accredited by the LBMA's Good Delivery standards. This innovative solution addresses the need for a reliable digital asset backed by tangible value, facilitating easier access to silver investments while maintaining transparency. However, the silver representation slightly decreases over time due to custody fees, which is reflected in the ozPerToken value, indicating the exact silver weight each token represents. The XAGm token leverages blockchain technology to ensure secure, transparent transactions and integrates seamlessly into the decentralized finance (DeFi) ecosystem. Its utility extends beyond mere asset representation, enabling developers to incorporate silver-backed value into smart contracts and decentralized applications (dApps). As a standardized token across multiple blockchains, Matrixdock Silver has gained traction for its stability and security, attracting partnerships and collaborations that further solidify its position in the market. This widespread adoption underscores its role in bridging traditional commodities with the digital asset space, fostering a versatile and robust financial ecosystem.
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FAQ
Information on this page is provided for informational purposes only and does not constitute investment advice. This is not a recommendation to buy or sell any digital asset or to employ any particular investment strategy. Backpack makes no representation as to the accuracy, suitability, or validity of the information provided.
Certain content is sourced from third parties not affiliated with Backpack. Backpack is not responsible for such content, nor is it liable for any errors, delays, or actions taken in reliance on it. Prices and data are for illustrative purposes only and may differ from actual market values. Digital assets involve significant risk and can fluctuate substantially. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, and consult your own professional advisors for legal, tax, or investment guidance.
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