Cryptocurrencies: Huobi lists a new token for DeFi

DeFiChain is the world’s first blockchain on the Bitcoin network dedicated to making decentralized financial applications and services available to all. It has just officially announced the listing of its native DFI token on Huobi Global, one of the world’s leading crypto exchanges.

A new assessment that is unanimous

The token began trading against USDT on Huobi on July 25 at 6:00 (UTC), while DFI withdrawals opened at 7:00 (UTC) on July 26. Traders and investors who purchase DFI on Huobi will be able to transfer the tokens to their DeFiChain wallet or elsewhere.

The DFI token can already be traded on Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit and Bitpanda.

“Being listed on Huobi is another big milestone for DeFiChain. We are happy that more and more major exchanges are listing 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 each new listing, it becomes easier for the general public to enter the world of native decentralized finance on DeFiChain, ”said Benjamin Rauch, Marketing Director of DeFiChain Accelerator.

About Huobi

Founded in 2013, Huobi is one of the leading cryptocurrency exchanges in the world. Listing on Huobi will make it easier for users around the world to be exposed to DFI. Huobi allows users to buy, sell, pole and borrow a wide range of cryptocurrencies, providing a complete ecosystem for savvy cryptocurrency traders and investors.

Huobi recently received provisional approval from the Dubai Virtual Assets Regulatory Authority to offer virtual asset trading products and services to pre-qualified investors and professional financial service providers.

The DFI token, a real Swiss army knife

The DFI token enables the ecosystem DeFiChain to open up to the world. It is critical for all activities on the DeFiChain blockchain, including:

  • Provide liquidity in multiple pools;
  • pointer for consensus and blockchain security;
  • Warranty for miner o borrow equity tokens and the USD stablecoin;
  • Reward tokens, all DEX rewards are paid in DFI;
  • DeFiChain governance token.

DeFiChain is a fully decentralized blockchain with on-chain governance. Since the launch of its mainnet in May 2020, the project has benefited from the enthusiastic involvement of its community in almost all aspects of blockchain, from nodes, masternodes, projects, tools, governance, economic ideas, to code governance. Its code base was developed in an open source way and extensively reviewed and discussed by many.

About DeFiChain

DeFiChain is a decentralized blockchain Proof-of-Stake created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to building fast, smart and transparent decentralized financial services. DeFiChain offers liquidity mining and staking, decentralized assets and decentralized loans. The mission of the DeFiChain Foundation is to bring DeFi services to the Bitcoin ecosystem.

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