PRESS RELEASE. Singapore, July 26, 2022 – DeFiChainThe world’s leading blockchain in the Bitcoin network, dedicated to providing decentralized financial applications and services to all, 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 25 at 06:00 (UTC) and DFI withdrawal is scheduled to open at 07:00 (UTC) on July 26. Traders and investors who buy 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 a listing on Huobi is another big step for DeFiChain. We are happy that more and more major exchanges are listing DFI. Due to the variety of real assets available on DeFiChain, more and more top tier exchanges are looking forward to DFI listing. With each additional listing, it becomes easier for the masses to enter the world of native decentralized finance on DeFiChain.” said Benjamin Rauch, director of marketing for DeFiChain Accelerator.
Founded in 2013, Huobi is one of the world’s leading cryptocurrency exchanges. A listing on Huobi will improve the accessibility of DFI to the global cryptocurrency user base. Huobi allows users to buy, sell, bid, and borrow a wide range of cryptocurrencies, providing a comprehensive ecosystem for savvy crypto traders and investors.
Huobi recently received prior approval from the Dubai Virtual Asset 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 underpins all activities on the DeFiChain blockchain, including:
- Providing Liquidity in Multiple Pools
- Bet on blockchain consensus and security
- As collateral for minting or borrowing equity tokens and dUSD stablecoin.
- As a reward. All DEX rewards are paid in DFI.
- DeFiChain Governance Token
DeFiChain is a fully decentralized blockchain with on-chain governance. Since the launch of the mainnet in May 2020, the community has been actively involved in the project in almost every aspect of the blockchain, from nodes, masternodes, projects, tools, governance, economic ideas to code management. Its codebase has been developed open source, widely reviewed and discussed by many.
DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to support advanced DeFi applications. It is designed to provide fast, intelligent and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The mission of the DeFiChain Foundation is to bring DeFi to the Bitcoin ecosystem.
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