IVAR Coin, the fundamental currency responsible for all transactions within the Ivarex ecosystem, has secured a listing on the trading platform XT.com. The listing is expected to push the coin’s presence and usability to the mainstream. All users of XT.com can now access the IVAR/USDT trading pair immediately.
The pair is available on the exchange’s Main Zone (Metaverse), and anyone can go ahead to deposit the token and commence trading. Jonathan Shih expressed delight at the listing as head of MEA (the Middle East & Africa) at XT.com.
“As IVAR Coin is listed on our platform, we will help Ivarex achieve its sustainable excellence with its long-term goal of becoming a home for gamers to build projects, own, and monetize their assets with a high resolution of virtual experience,” he said.
IVAR has several use cases as the ecosystem token for Ivarex. It is used on both decentralized and centralized exchanges and can be exchanged for in-game items used on GameFi or used to buy digital assets in the metaverse.
Holders of the token can also stake it and lock their holdings for a period to be rewarded. With the new listing, token holders can now enter derivatives trading on XT.com seamlessly using IVAR/USDT.
To commence trading the pair, all you have to do is sign up on the XT.com exchange. While all users of XT.com can start trading the asset even on spot, the withdrawal option is not available until August 8, 2022, at 10:00 (UTC).
Ivarex is a metaverse gaming platform that allows players to build, own, and monetize their assets and virtual experiences. It also empowers artists and creators through blockchain. Ivarex has its validator network called Ivar Chain, which solves the interoperability, scalability, and metaverse trilemma.
IVAR is used to reward block validators for ensuring the security of transactions and to pay transaction fees on the network.