DemX ($DEMX) is the L1 native shariah-compliant utility token of the DemX protocol which uses PoA consensus. DemX has a kind of ETF structure and backed by various precious metals which makes it easy for investors to diversify their portfolios. DemX guarantees the fundamental price. The weighted average of all precious metals reveals the fundamental price of the DemX token. Depending on the balance of the supply and demand in the effective market price should be higher but, the fundamental guarantee can not be lower than the fundamental price, this prevents excessive depreciation even in the bear market.
DemX is a decentralized crypto metal exchange where users can collect, swap, stake, transfer gold and other digital precious metals. Each digital token owned is backed and stored in LBMA’s vaults, physically. Each crypto metal token represents one gram of physical precious metal bar.
