DeFiChain’s DFI Token Starts Trading on Huobi Global

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, officially announces the listing of its native DFI token on Huobi Global, one of the world’s leading cryptocurrency exchanges. 

The token starts trading against USDT on Huobi on July 25th at 06:00 (UTC), while DFI withdrawals are scheduled to open at 07:00 (UTC) on July 26th.

Traders and investors buying DFI on Huobi will be able to transfer the token to their DeFiChain wallet or wherever they want.

The DFI token is already available for trading on Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda.

“Getting listed on Huobi is another big step for DeFiChain. We are happy that more and more big exchanges list DFI. Due to the variety of real-world assets available on DeFiChain, more and more top-tier exchanges are looking forward to listing DFI. With every additional listing it becomes easier for the masses to enter the world of native decentralized finance on DeFiChain.”

Benjamin Rauch, Marketing Director at DeFiChain Accelerator

Founded in 2013, Huobi is one of the world’s leading cryptocurrency exchanges. The listing on Huobi will improve the accessibility of DFI among the global cryptocurrency user base.

Huobi enables users to buy, sell, stake, and borrow a broad array of cryptocurrencies, providing an encompassing ecosystem for experienced crypto traders and investors.

Huobi was recently granted provisional approval by the Dubai Virtual Assets Regulatory Authority to offer virtual asset exchange products and services to pre-qualified investors and professional financial service providers.

The DFI token opens up the world to the DeFiChain ecosystem. It is at the core of all activities on the DeFiChain blockchain including:

Providing liquidity in multiple poolsStaking for blockchain consensus and securityAs collateral to mint or borrow stock tokens and the dUSD stablecoinAs a reward token. All DEX rewards are paid out in DFIGovernance token of DeFiChain 

DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen an enthusiastic involvement from the community in almost all aspects of the blockchain, from nodes, masternodes, projects, tools, governance, and economic ideas, to code governance.

Its codebase has been developed in an open-source manner, and is widely peer-reviewed and discussed by many.

About DeFiChain

DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services.

DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.

For more information, visit: Website | Twitter | Discord | GitHub

The post DeFiChain’s DFI Token Starts Trading on Huobi Global appeared first on BeInCrypto.

Related Posts

Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala

Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than…

Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations

Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced…

Aave Responds to Blocking Addresses Over Tornado Cash Clampdown

DeFi lending protocol Aave Protocol said the TRM API on its app was responsible for blocking addresses that received ETH from unknown sources through Tornado Cash. In…

Ripple Price Analysis: After 2 Months of Sideways, Will XRP Finally Breakout?

A strong resistance level has trapped Ripple for over two months, resulting in the price flirting between $0.3 to $0.39 during that period. It seems that the…

Wayru’s Decentralized Internet Network Goes Live

Web3 Telecommunications Startup Wayru has finally launched its decentralized internet network and Genesis hardware devices. This will usher in a new era of connectivity where anyone can…

NFT Adoption in Africa: What is the Current Reality?

Africa, the world’s second largest continent, with a population of over 1.6 billion, is still developing when it comes to technology adoption. In most cases, people in…

Generated by Feedzy