Technology

DeFiChain (DFI Token) Gets Listed On Gate.io Crypto Exchange

DeFiChain (DFI token) has been listed on Gate.io, one of the most renowned cryptocurrency platforms worldwide. This is an important step toward DeFiChain’s objective of opening up DFI to investors worldwide. DFI began trading on Gate.io on 26th of September, 2022 at 10AM UTC. Seventh largest crypto exchange by volume, Gate.io allows users to trade the majority of cryptocurrencies on its platform.

DefiChain is a decentralised finance built for Bitcoin. It is dedicated to providing everyone with decentralized financial solutions and services like wrapping of tokens, lending, direct P2P trading, asset tokenisation and many more.

Defichain is built on Bitcoin network and follows POW consensus.

If you wish to trade DFI on Gate.io, you can easily transfer your assets to Gate.io and start trading against USDT pair. You can also buy DFI, if you have USDT on Gate crypto exchange.

Along with other cryptocurrency exchanges, the DFI token may be traded on Hotbit, Bittrex, Kucoin, Bybit in ERC-20 version, Huobi and Bitrue.

Opening Up The World To The DeFiChain Ecosystem

DeFiChain Announces Listing Of DFI Token On The Gate.io

The DFI token has made it possible for everyone, wherever in the world, to access the DeFiChain ecosystem.

In addition to acting as a reward currency and the governance token for DeFiChain, it may be used as leverage to create or lend stock tokens and the dUSD stablecoin.

Additionally, it serves as the focal point for all transactions made on the DeFiChain network. These operations include lending stock tokens, minting stock tokens, supplying liquidity to various pools, staking for blockchain stability and consensus, and more.

DeFiChain was created as a hard fork of the Bitcoin network to allow for more potent DeFi applications.

It is a decentralized Proof-of-Stake blockchain. Its main goal is to make it easier to provide efficient, sophisticated, and open to inspection decentralized financial services. DeFiChain features include liquidity mining, cryptocurrency staking, decentralized assets, and decentralized loans.

Decentralized finance will be included into the Bitcoin ecosystem, according to the DeFiChain Foundation.

We are incredibly thrilled that the DFI token may now be traded on Gate.io and more and more people are able to access the no. 1 DeFi blockchain on Bitcoin.

– Benjamin Rauch, VP Marketing DeFiChain Accelerator.

Benefits Of Decentralization With Flexible Trading Experience

The DFI coin is an essential monetary component of the DeFiChain ecosystem. The main purposes of the DFI coin are as a governance system and as a transaction fee for chain upgrading concepts. Additionally, all transactions utilizing smart contracts that have been made on the DeFiChain have been paid for using DFI. The mentioned operations will also cover the costs of token exchanges, DEX fees, DeFi services, ICX charges, and fees for decentralised trading activities.

Consumers may benefit from the flexibility and advantages of decentralization thanks to DeFiChain, which is the first blockchain to give users access to decentralized assets on the Bitcoin network. In the DeFi ecosystem, users may trade their current dTokens and create new ones to get price exposure to stocks and exchange-traded funds (ETFs). Additionally, even little amounts of money may be used to buy dTokens on the DeFiChain DEX.

The DeFiChain blockchain operates entirely decentralized and on-chain governance. The DeFiChain community has actively participated in almost every aspect of the project from the launch of its mainnet in May 2020, including governance, projects, masternodes, economic strategies, code governance and tools. Its codebase was created using open source software, and a huge number of people reviewed and discussed it in great detail.

DFI is currently trading at $0.7779 and is up 1.78% in the last 24 hours. DFI ranks #213 among other crypto coins. DFI has a total market cap of $396,768,089. With a total trading volume of $11,720,153 in the last 24 hours. DFI’s total circulating supply is 1,200,000,000 DFI coins.

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