Token X is the world’s first stablecoin that combines the highest security with trust and ease of use. Fiat currencies are held in escrow by our partner, Alliance Trust.
Monthly independent audit reports will confirm that assets in escrow match the outstanding Token X stablecoins.
All transactions between fiat and the Token X stablecoin are screened and can only be performed by individuals or corporations that have passed the Know Your Customer (KYC) process. Parties with USD in escrow are FDIC insured up to USD 25 million.
Token X is 100% backed by fiat currency held in escrow and independently audited monthly.
Purchase and redemption is only available to verified entities and all fiat transactions that pass AML and sanctions.
Verified parties are FDIC insured up to USD 25 million.
The Token X mobile app for iOS and Android makes onboarding and transfers more secure and easier than ever.
Purchase Token X coin
First, register with Token X and complete the KYC and Anti-Money Laundering (AML) checks. Once verified, wire USDs to our partner, Alliance Trust, and instruct them to deliver your Token X coin to a public Ethereum or Stellar address. When Alliance Trust receives the funds, the Token X coin will be issued to that address. Learn more in our FAQ.
Redeem Token X coin
Converting Token X coin to fiat is as easy as purchasing it. First, pass the KYC and AML checks. Then, send Token X coin to our partner, Alliance Trust, and instruct them where to send USDs. Alliance Trust will destroy the Token X coin and wire USDs. Learn more in our FAQ.
Purchase and redeem Token X coin: 10 basis points or USD 50, whichever is higher.
Send Token X coin between Ethereum wallets: 10 basis points.
Designed for Trust
Token X was built to be the best and most trusted experience for all parties.
- 100% backed by fiat
- Independently audited
- FDIC insured up to USD 25.0 million
- Funding with fiat or ETH
- iOS and Android mobile wallets
- Fast onboarding
- Available on Stellar and Ethereum
Get on the waitlist! First come, first served. The gates open fall 2018.