DeFiChain has just made an official announcement on the listing of its native DFI coin on Huobi Global, one of the most prominent cryptocurrency exchanges in the world. DeFiChain is the most advanced blockchain on the Bitcoin network, and its primary mission is to make decentralized financial apps and services available to the general public.
On July 25 at 06:00 (UTC), trading of the DFI token against USDT will begin on Huobi. Withdrawals from DFI are planned to begin on July 26 at 07:00 (UTC). Traders and investors who purchase DFI on Huobi will have the ability to transfer the token to their own wallet on DeFiChain or to any other location of their choosing. Kucoin, Bybit (in ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda are among the exchanges that currently support trading of the DFI token.
According to Benjamin Rauch, Marketing Director at DeFiChain Accelerator:
“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.”
Opening Up The World To The DeFiChain Ecosystem
Huobi is one of the most prominent cryptocurrency exchanges in the world. The company was established in 2013. The accessibility of DFI will be improved across the worldwide user base of cryptocurrencies as a result of DFI’s inclusion on Huobi. An all-encompassing ecosystem for seasoned crypto traders and investors is provided by Huobi, which enables users to buy, sell, stake, and borrow a wide variety of cryptocurrencies.
Huobi recently received a provisional license to provide virtual asset exchange products and services to pre-qualified customers and licensed financial institutions from the Dubai Virtual Assets Regulatory Authority (DVARA). The DeFiChain ecosystem can now be accessed by anybody and everyone, thanks to the DFI token. It serves as the foundation for all operations that take place on the DeFiChain blockchain, including the following:
- Providing liquidity in several pools
- Staking for blockchain consensus and protection
- As collateral to issue or borrow stock tokens and the dUSD stablecoin
- As a prize token, all DEX prizes are handed out in DFI
- Governance token of DeFiChain
Fast & Intelligent DeFi Services
The DeFiChain blockchain is completely decentralized, and its governance is performed on-chain. Since the introduction of its mainnet in May 2020, the project has seen an active involvement from the community in virtually all parts of the blockchain, including nodes, masternodes, initiatives, tools, governance, economic ideas, and code governance. This involvement has been witnessed in almost all aspects of the blockchain. Its codebase was developed using open source software, and it was subjected to extensive peer review and discussion by a lot of people.
DeFiChain is a Proof-of-Stake (PoS) blockchain that is decentralized, and it was established as a hard fork of the Bitcoin network to facilitate more powerful DeFi applications. It is committed to facilitating the creation of decentralized financial services that are quick, intelligent, and transparent. DeFiChain provides liquidity mining, staking, distributed assets, and distributed loans. The objective of the DeFiChain Foundation is to integrate DeFi into the Bitcoin ecosystem.
