DeFiChain, the most popular blockchain platform on the Bitcoin network, has just revealed that Gate.io will begin trading its DFI token. On September 26th, at 10 am UTC, trading of the DFI token (ERC-20 version) will begin on Gate.io. Initially, the token will trade against USDT, but Gate.io has stated that it will also introduce a DFI-BTC pair. In late October, you’ll be able to use the native DFI implementation on your platform of choice.
The listing and its significance to DeFiChain’s mission
DeFiChain is the only blockchain on the Bitcoin network to provide users with decentralized assets, giving them greater freedom and the advantages of decentralization. Minting and trading dTokens gives users price exposure to stocks and ETFs without having to leave the DeFi ecosystem. Further, the DeFiChain DEX allows for the purchase of dTokens in any quantity, including fractions thereof.
It is possible to buy and sell DFI tokens on the following exchanges: Huobi, Kucoin, Bybit (ERC-20 format), Bittrex, Bitrue, and Hotbit. Additionally, users who purchase a DFI token on Gate.io, will be able to send their DFI to any wallet that supports it. Furthermore, they can use it to gain entry to the decentralized stock tokens and the rest of the DeFiChain ecosystem. When more native DeFi projects are listed on DeFiChain, investors have a less daunting time breaking into the market.
To facilitate cutting-edge DeFi uses, the DeFiChain network was developed as a hard fork of the Bitcoin protocol. The DFI token serves as collateral to mint or borrow stock tokens, as a reward token, and as a means to achieve blockchain consensus and security through staking. It also serves as a reward token and as a means to obtain liquidity through numerous pools. It serves as the primary token for voting on DeFiChain issues. The DeFiChain codebase is open source and has been subject to extensive peer review and community discussion.