What is the use of Polyx coin?

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services tailored to meet the diverse needs of digital asset enthusiasts. Among its offerings, BTCC provides access to spot trading, enabling users to buy and sell cryptocurrencies at market prices.

POLYX, the foundational token of Polymesh, serves a pivotal role in maintaining the security and functionality of the network. By staking POLYX, users contribute to the resilience of the blockchain, ensuring its continued operation.

Beyond its security function, POLYX facilitates seamless transactions within the Polymesh ecosystem. As the native protocol token, it acts as the medium of exchange, enabling users to pay transaction fees efficiently.

Furthermore, BTCC extends its services to include futures trading, granting traders the opportunity to speculate on the future prices of cryptocurrencies. This feature caters to those seeking to hedge their risks or capitalize on market fluctuations.

Polymesh distinguishes itself by integrating advanced financial primitives into its blockchain architecture. These built-in features empower users to leverage the blockchain's capabilities with minimal overhead costs, enhancing the overall cost-effectiveness of operations.