Dear Users,
 
Due to popular demand. BingX Spot will add 1 trading pair on 2023-11-20, 14:10:00 (UTC+0).
• Asset: PYTH
• Trading Pair: PYTH/USDT
• PYTH Deposit Time: 2023-11-20, 14:10:00 (UTC+0)
• PYTH Withdrawal Time: 2023-11-20, 14:10:00 (UTC+0)
• Spot Grid and Spot Infinity Grid will list PYTH for users to enjoy smart trading of the tokens
About PYTH

$PYTH is the native utility token of Pyth Network, a decentralized oracle designed to address the limitations faced by smart contracts in fetching and validating external data. Launched in 2020, Pyth serves as a crucial intermediary between blockchain networks and real-world financial data, ensuring the reliability of information for the execution of smart contracts. The operational model of Pyth involves three key components: Data Providers, contributing proprietary data directly to the blockchain; the Pyth Protocol, aggregating data on the Pythnet blockchain every 400 milliseconds; and Data Users, incorporating aggregated price feeds into smart contract logic using the innovative "Pull Oracle" architecture.

Pyth Network offers over 350 low-latency price feeds across various asset classes, updating every 400 milliseconds to provide real-time data for decentralized applications. The $PYTH token serves as the native utility token, facilitating fee exchanges, contributing to smart contract execution, participating in on-chain governance, and enabling voting on network-related decisions. Pyth's unique "First-Party Data Model" sets it apart by directly incentivizing major financial institutions to contribute proprietary data, establishing them as the true owners of the data. This approach enhances transparency, reduces the risk of tampering, and positions Pyth as a reliable source of real-world financial data.

Pyth Network's value is built on three core aspects. Firstly, the focus on "First-Party Data" ensures reliability by incentivizing major financial institutions to contribute their data directly. This enhances transparency and reduces the risk of tampering. Secondly, Pyth's emphasis on "Low-Latency, High-Frequency Updates" provides real-time data updates, enabling decentralized applications to access the most recent off-chain prices for every transaction. Lastly, the USP includes "Multi-Chain Availability and Transparent Data," with Pyth's technical capabilities allowing it to scale to thousands of price feeds accessible on all Pyth-supported blockchains. This transparency in data aggregation ensures accurate prices, allowing users to trace data points back to the public keys of the providers, further reducing the risk of unfair tampering. $PYTH stands out as a decentralized oracle, prioritizing reliability, speed, scalability, and transparency, making it a transformative solution for providing real-world financial data to decentralized applications and smart contracts.


Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
 
 
BingX Operation Team
2023-11-20
 
BingX Official Channels
BingX Web: https://bingx.com
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