DeFiChain’s DFI tokens are now available on Gate.io, according to a recently issued official announcement. The statement was made by the company on September 26th, on Monday. The group issued a news statement, which they distributed on Coinjournal.
Utilizing Gate.Io’s Features, Defichain Hopes to Attract More Investors
The statement praised the development as a significant step toward DeFiChain’s eventual goal of making DFI available to investors worldwide. The most well-known cryptocurrencies are found on Gate.io. Gate.io is a top-tier cryptocurrency exchange where various digital assets are traded.
DeFiChain is the first blockchain to debut on the Bitcoin network. The organization has reaffirmed its commitment to providing customers worldwide with decentralized financial (Defi) services and solutions. According to the announcement made by DeFiChain, trading of the ERC-20 version of the DFI token will begin on Gate.io.
In addition to the USDT stablecoin, Gate.io has hinted that it is considering introducing a DFI-BTC trading pair shortly. Further, Gate.io said the native DFI token would be submitted to the platform in the following month.
Benjamin Rauch, vice president of marketing for DeFiChain Accelerator, has expressed his company’s delight. According to him, DFI token trading on Gate.io would enable more people to access the leading DeFi blockchain on Bitcoin. He added that it would ultimately benefit the company.
Token Holders on The DFI Network Can Use All Network Features from Any Location
On Gate.io and other cryptocurrency exchanges, buyers and sellers can purchase and trade DFI tokens. According to the company, investing in native DeFi for those new to the space will get less complicated. The company attributes the simplicity of investing procedure to each new exchange that starts trading the DFI token.
According to DeFiChain, the DFI token gives users access to the functionalities of the network regardless of where they are. The governance token issued by DeFiChain serves many purposes; a reward currency, a means of exchange for stock tokens, and a stablecoin pegged to the dUSD.
Multiple pools of liquidity, staking to maintain blockchain consensus and stability, minting stock tokens, and token stock lending are just a few of the many applications for the DFI chain.
To put it simply, DeFiChain is a distributed blockchain that uses Proof-of-Stake. As a hard fork of the Bitcoin network, the blockchain supports more robust DeFi software.
The DeFiChain team claims that their project’s overarching goal is to make it easier for businesses to provide decentralized financial services that are both high-quality and transparent.