{"id":17932,"date":"2021-01-21T09:18:22","date_gmt":"2021-01-21T09:18:22","guid":{"rendered":"http:\/\/bitcoinprbuzz.com\/?p=17932"},"modified":"2021-01-21T09:18:22","modified_gmt":"2021-01-21T09:18:22","slug":"defichain-defi-dfi-kucoin","status":"publish","type":"post","link":"https:\/\/wire.bitcoinprbuzz.com\/defichain-defi-dfi-kucoin\/","title":{"rendered":"DFI\u2019ying Expectations: DeFiChain, the Largest DeFi Protocol on the Bitcoin Ecosystem Lists its DFI Coin on KuCoin"},"content":{"rendered":"
21st January 2021, Singapore<\/b>:<\/span> DeFiChain<\/span><\/a> \u2014 the world\u2019s leading blockchain on the Bitcoin network dedicated to decentralised financial applications \u2014 has today announced that it will be listing its native digital currency, \u201cDFI” on KuCoin, one of the world\u2019s largest and most popular cryptocurrency exchanges. KuCoin users will be able to trade DFI starting today, Thursday 21 January, 2021.<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n DeFiChain marked a momentous milestone earlier this month, with DFI achieving a $1 billion market capitalisation, making it one of the top 10 DeFi coins by market cap.<\/span> The listing of its digital coin DFI on KuCoin follows a string of recent listings for DFI, including Bitrue and Bittrex. The digital asset listing on KuCoin signals DFI\u2019s rapidly growing popularity in the market.\u00a0<\/span><\/p>\n <\/p>\n \u201c<\/span>Being listed on KuCoin \u2014 one of the most widely used cryptocurrency exchanges in the world \u2014 is a big breakthrough for DeFiChain. In just six months, our DFI asset has gone from $0.16 to $2.79, an increase of over 1500%! This is a clear indicator that there is real demand for DeFi amongst the masses and highlights that the path to a decentralised financial economy is just around the corner<\/span><\/i>.\u201d said <\/span>Dr. Julian Hosp, Chairman of DeFiChain<\/b>.<\/span><\/p><\/blockquote>\n <\/p>\n To celebrate the listing and as an added bonus for the crypto community, <\/span>DeFiChain<\/span><\/a> in partnership with KuCoin, will <\/span>be launching a trading competition. The top 20 participants with the highest trading volume of DFI on KuCoin the chance to win a share of $20,000 in DFI. The trading competition will commen<\/span>ce at 10am UTC o<\/span>n Friday 22nd January, 2021 and will last<\/span> one week until 10am UTC on Friday 29th January, 2021.\u00a0<\/span><\/p>\n <\/p>\n In addit<\/span>ion, for the duration<\/span> of the competition, DFI can be traded with a 50% discount on maker fees, and a 25% discount on\u00a0 taker fees on KuCoin, enabling participants to maximise their returns.\u00a0<\/span><\/p>\n <\/p>\n \u201c<\/span>The value of Bitcoin has been recognised by a growing number of institutional investors in future global inflation. While most see Bitcoin as digital gold, its potential in building an ecosystem has long been neglected.<\/span><\/i>\u201d Said <\/span>Johnny Lyu, CEO at KuCoin Global<\/b>,\u00a0<\/span><\/p><\/blockquote>\n <\/p>\n \u201c<\/span>We are pleased to join hands with DeFiChain and will continue to support it to unleash the power of Bitcoin, resulting in a blockchain that provides higher throughput and better functionality, specifically for DeFi.<\/span><\/i>\u201d<\/span><\/p><\/blockquote>\n <\/p>\n The DeFi market has experienced exponential growth recently, with the total value locked now over $22 billion. Buoyed by new innovations, the market is expected to experience continued significant growth this year, giving the industry an enduring appeal. It is DeFiChain\u2019s mission to bring seamless and unrestricted access to a wide range of financial products and services in a completely decentralized system.<\/span><\/p>\n <\/p>\n About DeFiChain<\/b><\/p>\n DeFiChain is a blockchain platform dedicated to enable fast, intelligent, and transparent decentralized financial services. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem. Unlike most of the other DeFi projects that are built on the Ethereum network, DeFiChain is built on Bitcoin (as a software fork), and leverages Bitcoin’s security by anchoring to the bitcoin blockchain (via merkle root) every few minutes.<\/span><\/p>\n <\/p>\n By dedicating the functionality of a blockchain specifically to decentralized finance, DeFiChain is able to provide high transaction throughput, reduced risk of errors, and intelligent feature development.<\/span><\/p>\n <\/p>\n\n
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