DeFiChain’s Native DFI Token Now Trading on Huobi Global

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DeFi
DeFiChain’s Native DFI Token Now Trading on Huobi Global

DeFiChain (DFI) has announced that its native cryptocurrency, DFI, is now live on the Huobi Global exchange. Huobi Global users can trade DFI against USDT starting from 06:00 UTC on July 25, while DFI withdrawals will open at 07:00 UTC on July 26. 2022.

DeFiChain (DFI) Listed on Huobi Global

DeFiChain, a decentralized proof-of-stake blockchain created as a hard fork of the Bitcoin network, to offer users advanced decentralized finance (DeFi) applications, has announced the listing of its native digital currency DFI, on Huobi Global.

The DFI/USDT pair will be available for trading on Huobi Global from July 25, at 06:00 UTC, while traders will be able to start withdrawing their DFI from 07: 00 UTC on July 26, 2022. DFI traders and investors on Huobi Global will also be able to transfer the token to their DeFiChain wallet as well as other DFI-supported platforms.

With the listing of DFI on Huobi Global, the crypto asset is now available on six leading centralized exchanges, including KuCoin, Bybit (ERC-20 format), Bittrex, Bitrue, Hotbit, and Bitpanda. 

Benjamin Rauch, Marketing Director at DeFiChain Accelerator said:

“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 DeFiCain.”

DeFi on Bitcoin 

Launched in May 2020, DeFiChain is a fully decentralized blockchain with on-chain governance support. DeFiChain Foundation’s mission is to bring decentralized finance to the Bitcoin ecosystem by offering DeFiChain users liquidity mining, staking, decentralized assets, and decentralized loans.

The DFI token is the lifeblood of the DeFiChain ecosystem. DFI is at the core of all activities on DFiChain, including:

  • Liquidity provision in multiple pools 
  • Staking for blockchain consensus and security 
  • DFI is used as collateral to mint or borrow stock tokens and dUSD stablecoin 
  • As a reward token. All DEX rewards on DeFiChain are paid out in DFI 
  • DFI is the governance token of the DeFiChain ecosystem.

According to the team,  since its launch, the DeFiChain project has seen an enthusiastic involvement from its community members in all aspects of the platform, from nodes, masternodes, projects, tools, governance, and economic ideas, to code governance. The DeFiChain code is open source and has been widely peer-reviewed and discussed by many. 

At the time of writing, the price of DFI is down by 2.14 percent in the past 24 hours, hovering around $1.11, according to CoinMarketCap. In contrast, bitcoin (BTC) is down by 4.19 percent, trading at around $21,888, and Ethereum’s ether (ETH) is exchanging hands for $1,525.

Founded in 2013, Huobi Global is among the top 10 cryptocurrency exchange platforms in the world by trading volume.  Huobi, which recently secured provisional approval from the Dubai Virtual Assets Regulatory Authority to offer virtual assets exchange products, enables users to buy, sell, stake, and borrow a vast array of cryptocurrencies. DFI’s listing on Huobi will further improve the token’s accessibility in the crypto space. 

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Ogwu Osaemezu Emmanuel

Ogwu Osaemezu Emmanuel is a graduate of Mass Communication and Media Studies. He joined the blockchain movement in 2016 when a friend of his introduced him to an investment platform accepting bitcoin. He has never looked back since then. Emmanuel believes the world needs real change and freedom from poverty. He sees crypto and the underlying distributed ledger technology as the catalyst to a better future for all.