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‘Everything you should know before investing in SIX’ – SIX Network 101
Table of Contents
Every year, the world has witnessed the ever-growing growth of the cryptocurrency market. At the same time, from a businesses’ point of view, the adoption of Blockchain technology and the issuance of cryptocurrency coins are also becoming increasingly popular.
When it comes to trading crypto, risk management is crucial for every trader. One of the strategies for managing risks that everyone can use is researching project information by yourself or DYOR (Do Your Own Research).
In a world where cryptocurrencies continue to grow and attract more and more traders every day, SIX Network would like to take this opportunity to gather the information that we think will be of benefit to our users, people interested in learning about Blockchain technology, and past projects of SIX network here:
‘Everything you should know before investing in SIX’ – SIX Network 101
Who is SIX network, and what has the project done in the past?
SIX network is an alliance between three of the most prominent digital media startup groups in Korea and Thailand, including OOKBEE U, Computerlogy, and FSN, with Mr. Natavudh Pungcharoenpong (Moo), and Mr. Vachara Aemavat (Kuk), as Co-CEOs.
Since 2018, SIX Network has developed various projects such as SIX tokens, SIX Wallet, ECHO, snap, and SIXR, which are the first steps for SIX to use Blockchain technology and Metadata to develop projects. Furthermore, in 2021, SIX Network released its latest Defi platform called “Definix.”
It is worth mentioning that SIX network was one of the first companies in Thailand to raise funds through ICOs. Currently, SIX has been listed in many exchanges in Thailand and Korea, such as Bitkub, Zipmex, Bittrex, and CoinOne. SIX is one of the first Thai crypto coins listed on foreign exchanges.
What to do with the SIX coins that I’m holding?
SIX Token and all cryptocurrencies share the same feature of storing assets on a highly secure blockchain network and are accessible at all times without any financial institutions or intermediaries to determine or verify the user’s account statements.
Whether they are new to cryptos or professional investors, SIX coin holders are probably wondering, besides trading, what can SIX coins be used for? Let’s have a look!
• SIX can be used for Farming/Staking on the Definix platform with many features available such as Bridge and decentralized exchange (DEX).
• Earn passive income in different cryptocurrencies using SIX on the Rebalancing Farm on Definix that comes with a Rebalancing Strategy that will rebalance your portfolio and is not too complicated to understand.
• SIX can be used to buy NFTs too! In 2021, SIX launched its first NFT collection with T-ARA, which can be purchased using SIX, resulting in all Legendary NFTs sold out within the first 24 hours!
• SIX network just launched a Single-Sided Pool for users to stake SIX and get PLN (Plearn) where you can enjoy a public community, hang out spot, and other luxury privileges with The Phill Collection.
What’s happening now?
SIX just launched a new “Rebalancing Farm” on the Binance Smart Chain
After the launch of the Rebalancing Farm on Klaytn in August 2021, which received very positive responses, a question arises among BSC users as to when the Rebalancing Farm on the BSC side will be available.
This marks an essential step for Definix in bringing Rabalancing Farm to the Binance Smart Chain network, as each network has its own unique assets to invest in. Defnix’s Rebalancing Farm on Binance Smart Chain is now live!
To get started, please kindly visit this website: bsc.definix.com/rebalancing
Advantages of Rebalancing Portfolios
The first thing is to understand the goals or reasons you would consider choosing to Rebalance. Each person’s goals are different. Rebalancing will automatically buy or sell when certain conditions are met in order to bring the portfolio back to balance, such as adjusting the portfolio over time or adapting according to the changed value ratio.
This method is good risk management and saves time in trading for investors as well. Therefore, this method is suitable for investors who want to hold for a long time or Value Investment, depending on various factors in managing individual investments.
Brief future of the SIX Network
• More utilities for vFinix: In the future, users will be able to use vFinix to vote to increase decentralization to the platform on both Definix — Klaytn and Definix — BSC
• We will likely see more partnership pools where users can stake SIX and receive exclusive privileges from luxury lifestyle partners.
• NFT Marketplace: SIX is working on issuing an NFT space for NFT holders from SIX to trade on Definix.
• Mutual Fund & Financial institution
• Project ‘SIX Universe‘: It will be a new world that brings new experiences to the users, from both the SIX Network and Ookbee sides, where only NFT holders who purchased from us can access.
Frequently Asked Questions (FAQ)
Q: Can the company make the price go up and down?
A: The SIX Network team cannot do anything that will affect the price of the coin since the price depends on the market demand of each exchange
Q: Is SIX still in development?
A: Of course, improving the efficiency of SIX tokens and increasing use cases is still one of our team’s main priorities
Q: What is SIX’s Total Supply?
A: 1,000,000,000 SIX
Q: Can I trade SIX on international exchanges?
A: In addition to Thai exchanges such as Bitkub and Zipmex, anyone can also trade SIX on CoinOne and Bittrex
This article does not contain investment advice or recommendations. Every investment and trading move involves risk; readers should conduct their own research when making a decision.
Khanathat Chowpradith
Web3 Marketer | Passionate Writer | NFTs enthusiast
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