Since the listing of ItoVault’s first token – vSPY, the ItoVault team had made great progress. Today they list another corresponding digital asset – the vSPACEX token. Learn what that is and how to trade vSPACEX tokens on Tokpie exchange.
What’s the vSPACEX token?
The vSPACEX Token V1 (vSPACEX) is a corresponding Digital Asset functioning on the Ethereum blockchain. Anyone can mint a vSPACEX token by providing the ItoVault’s smart contract (vault) with collateral. Moreover, the asset had $30k liquidity when writing this article: check the vSPACEX’s liquidity and pairs on Uniswap.
vSPACEX’ usage case.
Imagine that you want to create a short position against the SpaceX shares. SpaceX, also known as Space Exploration Technologies, is a rocket manufacturer company founded by Elon Musk. In that case, you lock ETH collateral in the vault to mint vSPACEX tokens that correspond to the SpaceX share price. After minting, you can sell tokens in the market and wait for the stock price’s decline. Then, you buy back SpaceX for a lower price to get an income. In the final step, you return vSPACEX to the vault to unlock collateral. That’s how ItoVault’s corresponding digital assets work.
- Token Name: vSPACEX Token V1
- Symbol: vSPACEX
- Token total supply: unlimited – depends on collaterals provided
- Smart contract address: 0x44e28f2acc84c36373badcd681749d38e01e2cc4
How to buy vSPACEX token?
To purchase vSPACEX tokens for USDT, ETH, or WBTC do three simple steps:
- Fund your account with USDT, ETH, or WBTC. Note that you can purchase ETH and USDT with a bank card in a few minutes.
- Open vSPACEX/USDT, vSPACEX/ETH, or vSPACEX/WBTC order book, and place your trade order to buy.
Use this instruction if you don’t know how to place a trade order.
- Withdraw vSPACEX tokens to your personal Ethereum wallet or hold them on the account.
How to sell vSPACEX tokens?
To sell vSPACEX tokens for USDT, ETH, or WBTC, follow three steps:
- Deposit vSPACEX tokens on your account.
- Open vSPACEX/USDT, vSPACEX/ETH, or vSPACEX/WBTC order book, and place your trade order to sell.
Read the instruction if you don’t know how to place a trade order.
- Withdraw USDT, ETH, or WBTC to your personal Ethereum wallet or hold them on your account.
How to deposit vSPACEX tokens?
To deposit vSPACEX tokens on your Tokpie account, follow this guide. Also, make sure that you are going to deposit tokens that relate to this smart contract address. If you deposit the wrong tokens, Tokpie could not identify your transfer.
Note: Tokpie doesn’t charge any fees for depositing.
How to withdraw vSPACEX tokens?
To withdraw vSPACEX tokens from your Tokpie account, use this instruction. You must have an eth compatible wallet address to be able to withdraw tokens. Also, Check the withdrawal commission.
Please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance or successful fundraising.
- ItoVault’s blog to track all updates
- The vSPACEX’s market pairs: vSPACEX/USDT, vSPACEX/ETH, or vSPACEX/WBTC.
- Also, check trade statistics on Tokpie.
- Tokpie’s trade fees and withdrawal commissions.
For any questions or cooperation, you can contact Tokpie at https://t.me/tokpie.