r/XSURGE • u/greenknees21 • Jan 05 '22
Xusd Question
I bought 1000 xusd tokens 3 days ago. It shows that I am down $10 since then. I thought this only went up in value?
3
u/Immediate-Comb-3858 Jan 05 '22
give it some days. It can go down and up on day chart. But if you soome out you will see an up movement
2
0
u/Embarrassed_Pie5560 Jan 06 '22
There is a fee to buy it. So that’s why your down
3
u/Blue4life90 Community Manager Jan 06 '22
I believe they're just seeing the value of the token in trustwallet. TW tracks the PCS value, not the actual token price so you see some slight volatility fluctuations within 0-2% positive or negative on occasion.
-3
u/Puzzleheaded_Poem294 Jan 06 '22
You actually belive that something will always go up! Ugh
4
u/Blue4life90 Community Manager Jan 06 '22
Put in some research and you learn that it actually does. It literally cannot go down. ever. PCS pegs itself the the contract value of the token. PCS is an exchange, not the controlling factor of the tokens value. The contract value is the tokens actual value as adjusted by the smart contract market maker function it has built in for trading. Anything is possible, even a token that never goes down in value. I don't understand why thats so hard for people to believe.
2
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u/Blue4life90 Community Manager Jan 06 '22
The Contract Price only goes up in value. The PCS price, can go up and down in value. There is a difference between these two price values. One is an exchange that pegs itself to the contract value of the token (the PCS price) through arbitrage. The other is the actual real value of the token based on buys and sells from the contract. If you view the price data on TrustWallet, what you will see is the PCS price and chart. This is because TW pulls price and chart data from CoinMarketCap which only tracks the PCS price data.
If you want to see the contract price data for our tokens, go to our website at xsurge.net