The SwapDex Protocol allows users to generate USDX by leveraging collateral assets approved by “SwapDex Governance.” SwapDex Governance is a community that organizes and operates the process of managing the various aspects of the SwapDex Protocol. USDX is a decentralized, unbiased, collateralbacked cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, USDX offers economic freedom and opportunity to anyone.

Swapdex Token is a utility token created on the ERC20 Ethereum blockchain. Utility tokens are tokens intended to provide digital access to an application or service through a blockchain-based infrastructure. Swapdextoken allows access to the platform's activities while also providing specific values such as adding as collateral and platform governance purposes to its holders.