By Shelly Melancon (Switzerland)
According to DeFiChain, its DFI token is now listed on the Gate.io platform to enable investors to access the token easily.
DFI Token Now on Gate.io
In a recent report, DeFiChain revealed that it plans to make its token readily available to investors globally. The platform noted that the latest development is a massive milestone toward expanding the DeFiChain network.
Furthermore, Gate.io is one of the most prominent crypto exchanges in the world and hosts some of the most popular digital assets on its platform.
On the other hand, DeFiChain is Bitcoin’s first blockchain. DeFiChain aims to make decentralized finance (DeFi) services accessible to users worldwide. Meanwhile, the DFI Token began trading on Gate.io on September 26.
However, the exchange plans to make DFI/USDT pair trading possible. Likewise, the platform also hints at making DFI/BTC available in the future.
According to Gate.io, it intends to list the native DFI token on its platform by mid-October.
DeFiChain’s VP of Marketing, Benjamin Rauch, noted that the firm is delighted to list DFI tokens on Gate.io. With this, more and more people will access the leading DeFi easily.
Other crypto exchanges like Huobi, KuCoin, Bybit, and others have also listed the DFI token.
Users of DeFiChain can access its ecosystem from any part of the globe. Holders can use the token to mint or lend to others. In addition, the token can be used as the governance coin for DeFiChain and as a reward currency.
Also read:The token comes with multiple use cases. Holders can use it to provide liquidity to several pools or as staking for blockchain consensus. Meanwhile, DeFiChain is a proof-of-stake (PoS) decentralized blockchain. It is a hard fork of the Bitcoin network developed to facilitate robust DeFi protocols.
Boosting DeFi with DeFiChain
The development of DeFiChain looks set to bring innovations to the decentralized finance (DeFi) ecosystem. Investors in the DeFi ecosystem have long desired a platform to access actual stocks through their dApps.
Before then, investors dumped their crypto assets without accessing the stocks their funds could buy. However, the addition of DeFiChain is set to change the previous ways of investing in the DeFi space.
DeFiChain comes with decentralized assets, which are also known as dTokens. This token is designed to provide investors with natural exposure to the prices of different stocks.
Moreover, the tokens can be minted by anyone after depositing USDT, Bitcoin, USDC, DFI, or DUSD as collateral.
By doing so, users on DeFiChain can purchase a decentralized asset that reflects the actual and intended asset they want. In addition, this will provide them with a suitable medium for trading stocks on decentralized platforms.
Meanwhile, this will allow investors to diversify their portfolios quickly without leaving the decentralized ecosystem. Users can mint tokens with interest depending on the collateral they provide.
DeFiChain is the bridge linking centralized and decentralized systems without affecting the DeFi landscape.
Meanwhile, DeFiChain brings to reality what was seen as challenging to achieve for investors in the DeFi space.
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