DeFiChain, a decentralized Proof of Stake blockchain network, is happy to announce the listing of its native token, the DFI token, on Gate.io.
Per the announcement, an ERC-20 version of DFI will start trading on Gate.io at 10 am UTC on September 26, 2022. The token will initially be traded against USDT, but Gate.io could also bring a DFI/BTC pair in the coming days. Note: the exchange plans to make the native version of the token available in late October.
Listing on one of the world’s leading cryptocurrency exchanges is a major step in DeFiChain’s mission to make DFI accessible to investors across the globe. Buying the DFI on Gate.io will enable users to transfer their tokens to any compatible wallet, giving them access to the entire DeFiChain ecosystem, including stock tokens.
Commenting on the listing, Benjamin Rauch, VP of Marketing DeFiChain Accelerator, stated:
“We are extremely happy that the DFI token can now be traded on Gate.io, and more and more people are able to access the no. 1 DeFi blockchain on Bitcoin.”
The DFI token is the integral unit of account in the DeFiChain ecosystem. During the mainnet launch in May 2020, the DeFiChain team issued roughly 600 million DFI. The token is already listed on numerous notable exchanges, including Kucoin, Huobi, Bitrue, Bittrex, Hotbit, and Bybit (ERC-20 format).
The token serves various utilities, including providing liquidity in multiple pools, rewarding users, governance, as collateral to mint or borrow stock tokens, and staking for blockchain consensus and security. The token can also provide liquidity and pay for transactions, smart contracts, or other DeFi activities.
DeFiChain is dedicated to providing fast, transparent, intelligent decentralized financial services accessible to all users. DeFiChain’s mission is to bring DeFi to the Bitcoin ecosystem allowing anyone to create their project in a truly decentralized way. The blockchain has gained significant traction from various aspects, including master nodes, tools, coding, governance, and more. Users can mint and trade dTokens to get price exposure to stock and ETFs without leaving the DeFi ecosystem. The dToken are available on the DeFi Chain DEX.