Friday, July 1, 2022
About us | Contact
Blockzeit
  • bitcoinBitcoin(BTC)$19,409.612.66%
  • ethereumEthereum(ETH)$1,069.903.87%
  • binancecoinBNB(BNB)$218.282.09%
  • SolanaSolana(SOL)$33.141.51%
  • dogecoinDogecoin(DOGE)$0.0666003.54%
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
No Result
View All Result
Blockzeit
No Result
View All Result
Home Press Release
DefiChain Addds new dTokens 1649342858sJcnpZESsa

DefiChain Addds new dTokens 1649342858sJcnpZESsa

DeFiChain Adds New dTokens Corresponding to Disney, Intel, MicroStrategy, and iShares MSCI China ETF

chainwire by chainwire
April 6, 2022
in Press Release
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Singapore, Singapore, 7th April, 2022, Chainwire

The four new decentralized tokens will give users price exposure, not ownership, to the underlying stocks and ETFs without any restrictions

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that it has added four new decentralized assets aka dTokens following a Ticker Voting by the community. In the DeFiChain ecosystem, the community decides which dTokens will be added next.

The newly added dTokens are:

  • $dDIS – Walt Disney Co
  • $dMCHI – iShares MSCI China ETF
  • $dMSTR – MicroStrategy Incorporated
  • $dINTC – Intel Corporation

DeFiChain users will now be able to mint and trade the above dTokens. These four assets received the most support from the community members. Other options they could vote on included Mastercard Inc, Nintendo Co LTD, PayPal Holdings Inc, Twitter Inc, Uber Technologies Inc, and more.

The addition of new dTokens marks a major step towards enabling DeFi users to benefit from the price appreciation of traditional assets such as stocks, bonds, commodities, ETFs, etc. DeFiChain already offers dTokens corresponding to the S&P 500, Tesla, Apple, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta, and many other stocks and ETFs. 

“DeFiChain is continuously expanding the dToken universe to give users a serious alternative to the traditional financial broker – all whilst offering the flexibility and benefits of decentralization,” said Prasanna Loganathar, the Lead Engineer at DeFiChain.

Decentralized assets are one of the most innovative and revolutionary products of DeFiChain. In fact, DeFiChain is the only blockchain to offer decentralized assets on the Bitcoin network.

The dTokens are not “securities” issued by a company or a large institution, meaning they give users price exposure but not ownership, voting rights, dividends, or other benefits available to stockholders. Rather than tracking and reflecting the actual stock price, the dTokens track and reflect a number of variable factors, and use oracles to capture those feeds. The price of dTokens may not always mirror the underlying asset’s price because of fluctuations in the supply and demand of dTokens.

A dToken can either be held as an investment, traded on the DeFiChain DEX, or used for Liquidity Mining on the DEX. Users can mint dTokens on the DeFiChain blockchain by depositing BTC, DFI, dUSD, USDT or USDC as collateral in the DeFiChain Vault.

Minting is not the only way to own decentralized assets. Users can also buy dTokens – even in fractional pieces – on the DeFiChain DEX and then put them towards liquidity mining for additional passive income. All dTokens are freely denumerable and can be transferred to other people worldwide without involving an intermediary. 

Millions of users from around the world who couldn’t invest in the US stocks due to geographical restrictions, trading limits, and other issues could get price exposure to their favorite assets by minting or buying the relevant dTokens.

DeFiChain will continue to list popular assets decentrally, as well as introduce innovative additional features in due course. Being a fully decentralized blockchain with on-chain governance, interested parties are not required to complete identity verification to be able to hold decentralized stock tokens on DeFiChain.

About DeFiChain

DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.

Media contact: Benjamin Rauch, ben@defichain-ac.com

For more information, visit: Website | Twitter | Discord | GitHub
 

Contacts
  • Benjamin Rauch
  • ben@defichain-ac.com
Previous Post

Bridge Network raises $3.8M to build better cross-chain experiences with backing from FTX Ventures

Next Post

Solana NFTs Take a Leap into OpenSea Marketplace 

Related Posts

cde62519 eed1 4827 b15f 7f9accc8d134 1656503256LuP1VisLAV

MonkeyLeague Launches Initial $MBS Staking Support And Raffles For Highly Coveted Rewards

by chainwire
June 29, 2022
0

Tel Aviv, Israel, 29th June, 2022, ChainwireMonkeyLeague has unveiled the bonus benefits to early $MBS token stakers. The initial staking...

golex pr 1656083796DyeJRmgakl

GogolCoin Unveils Its Cryptocurrency Exchange – GOLEX – the Premier & Most Secure Exchange in MENA Region

by chainwire
June 29, 2022
0

Dubai, United Arab Emirates, 29th June, 2022, ChainwireRecognized as a pioneering platform for buying, trading, and selling cryptocurrency in MENA...

tezos 1656405424ltpv3SDChk

The Montreux Jazz Festival unveils new NFT Collection on Tezos

by chainwire
June 28, 2022
0

Montreux, SWITZERLAND, 28th June, 2022, ChainwireThe Montreux Jazz Festival today launched its second series of  NFTs as part of its...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Buy Crypto
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

No Result
View All Result
  • Home
    • Business
    • Politics
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
    • Metaverse
  • Education
    • Glossary
    • Buy Crypto
      • Buy Cardano
  • Events
    • Metaverse Events
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.