SINGAPORE, January 21, 2021 / PRNewswire / – DeFiChain – the world’s leading blockchain in the Bitcoin network for decentralized financial applications – announced today that it will list its native digital currency “DFI” on KuCoin, one of the world’s largest and most popular cryptocurrency exchanges. KuCoin users can start trading DFI starting today, Thursday January 21, 2021.
- DeFiChain, a blockchain for fast, intelligent and transparent financial services, lists its native digital currency “DFI” at KuCoin, the world’s leading cryptocurrency exchange.
- On January 14, 2021DeFiChain announced that its DFI coin had achieved one $ 1 billion Market capitalization, ranked among the top 10 DeFi coins by market capitalization.
- To celebrate the start of listing, KuCoin is holding a DFI trading competition from tomorrow, Friday January 22nd through Friday January 29th, which will give participants the chance to win from a prize pool of $ 20,000.
DeFiChain marked a significant milestone earlier this month. DFI achieved one $ 1 billion Market cap, which makes it one of the top 10 DeFi coins by market cap. The listing of its digital coin DFI on KuCoin follows a number of current listings for DFI, including Bitrue and Bittrex. The listing of digital assets on KuCoin signals the rapidly growing popularity of DFI in the market.
“Listing on KuCoin – one of the world’s most widely used cryptocurrency exchanges – is a huge breakthrough for DeFiChain. In just six months, our DFI asset was gone $ 0.16 to $ 2.79, an increase of over 1500%! This is a clear indicator that the masses have real demand for DeFi and shows that the path to decentralized finance is just around the corner, “said Dr. Julian Hosp, Chairman of DeFiChain.
To celebrate the listing and as an added bonus for the crypto community, DeFiChain will be launching a trading competition in partnership with KuCoin. The top 20 participants with the highest trading volume from DFI on KuCoin have the chance to win a share of $ 20,000 in DFI. The trade competition starts at Friday at 10 a.m. UTC January 22, 2021 and will take up a week Friday at 10 a.m. UTC January 29, 2021.
In addition, DFI can be traded on KuCoin with a 50% discount on manufacturer fees and a 25% discount on buyer fees for the duration of the competition, allowing participants to maximize their returns.
“Bitcoin’s value has been recognized by a growing number of institutional investors for future global inflation. While most view Bitcoin as digital gold, its potential for building an ecosystem has long been neglected,” he said Johnny Lyu, CEO at KuCoin Global.
“We are excited to be working with DeFiChain and will continue to support them to unlock the power of Bitcoin. This will result in a blockchain that offers higher throughput and better functionality specifically for DeFi.”
The DeFi market has grown exponentially lately and the total value is now locked $ 22 billion. Due to new innovations, the market is expected to continue to show significant growth this year, which gives the industry an ongoing appeal. It is DeFiChain’s mission to enable seamless and unrestricted access to a wide variety of financial products and services in a fully decentralized system.
DeFiChain is a blockchain platform that enables fast, intelligent and transparent decentralized financial services. The DeFiChain Foundation’s mission is to bring DeFi into the Bitcoin ecosystem. In contrast to most of the other DeFi projects based on the Ethereum network, DeFiChain is based on Bitcoin (as a software fork) and uses the security of Bitcoin by adding it to the Bitcoin blockchain (via Merkle Root) every few minutes. is anchored.
By providing the functionality of a blockchain specifically for decentralized financing, DeFiChain can offer high transaction throughput, a lower risk of errors and intelligent function development.
Visit https://defichain.com for complete information including a roadmap and future features.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Introduced in September 2017KuCoin has become one of the most popular crypto exchanges and already has over 6 million registered users from over 200 countries and regions. The KuCoin exchange places great emphasis on the quality of the projects listed, based on a well-trained research department that scours the blockchain industry for projects of the highest quality. in the November 2018, KuCoin completed $ 20 million Round Financing from IDG Capital and Matrix Partners.
Media contact details
Name of contact person: Kavi Saglani
Contact E-mail: [email protected]
DeFiChain is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not endorsed by the government, and accounts and balance sheets are not subject to consumer protection.