DeFiChain’s DFI Token Begins Trading on Gate.io Exchange – Blockchain News, Opinion, TV & Jobs
DeFiChain, the world’s leading Proof-of-Stake blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, today announces the listing of its DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges. This is an important step in DeFiChain’s mission to make DFI accessible to investors worldwide.
Gate.io is one of the world’s largest exchanges and supports the most cryptocurrencies of any exchange. The DFI token (ERC-20 version) will start trading on Gate.io at 10:00 UTC September 26. Initially, it will trade against USDT, although Gate.io may also bring a DFI-BTC pair in the near future. The original version of DFI will be available on the platform at the end of October.
Purchasing the token on Gate.io will enable users to transfer DFI to any compatible wallet the user wishes. It gives users access to the entire DeFiChain ecosystem including decentralized equity tokens. The DFI token is also available for trading on Huobi, Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue and Hotbit. Each additional listing makes it easier for investors to enter the world of native decentralized finance on DeFiChain.
“We are extremely happy that the DFI token is now tradable on Gate.io and that more and more people are getting access to the #1 DeFi blockchain on Bitcoin.” said Benjamin Rauch, VP Marketing DeFiChain Accelerator.
The DFI token opens up the world to the DeFiChain ecosystem. It is at the heart of all activities on the DeFiChain blockchain, including:
- Add liquidity to several pools
- Bets on blockchain consensus and security
- As collateral for minting or borrowing share tokens and dUSD stablecoin
- As a reward
- As the governing token of DeFiChain
As the only blockchain that offers decentralized assets on the Bitcoin network, DeFiChain offers users the flexibility and benefits of decentralization. Users can create and trade dTokens to gain price exposure to stocks and ETFs without leaving the DeFi ecosystem. They can also buy dTokens – even in fractions – on the DeFiChain DEX.
DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen enthusiastic community engagement in almost every aspect of the blockchain, from masternodes, projects, tools, governance, financial ideas, to code governance. The code base has been developed in an open source manner, and is widely peer-reviewed and discussed by many.
