• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Saturday, December 2, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

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

by Chainwire
7 April 2022
Share on FacebookShare on Twitter

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

MOBLAND and Wormhole Introduce GameFi 2.0 Multi-Chain Metaverse Ecosystem

Next Post

HBAR Foundation unveils $250M fund to advance metaverse development

Chainwire

Chainwire

Related Posts

Understanding the Tokenomics of ZNT: DeFi protocol Zenith’s official token

Understanding the Tokenomics of ZNT: DeFi protocol Zenith’s official token

by Damien Martin
1 July 2022

Zenith, a decentralized lending protocol incubated by Gringotts Labs and powered by Cube Network, is finally listing its ZNT token...

Huobi Incubator kicks off Web3 Hackathon to foster next generation of Web3 start-ups

Huobi Incubator kicks off Web3 Hackathon to foster next generation of Web3 start-ups

by Damien Martin
28 June 2022

Huobi Incubator, the project incubation arm of Huobi Global, and its affiliated Web3Scholarship platform, today announced the kick-off of the...

Huobi Incubator concludes BeWater DevCon 2022 encouraging dialogue amongst developer communities

Huobi Incubator concludes BeWater DevCon 2022 encouraging dialogue amongst developer communities

by Damien Martin
24 June 2022

Huobi Incubator co-hosted and sponsored BeWater DevCon 2022, in partnership with BeWater, a hardcore developer community. Held in the San...

No Result
View All Result

Recent Posts

  • Free distribution of Starknet’s own virtual currency (Airdro), snapshot completed
  • Tokenization will really (finally) begin in 2024 | CoinDesk JAPAN
  • Will the virtual currency Bitcoin price accelerate its rise in 2024? Grayscale Market Report
  • Third company to meet with SEC this week regarding Bitcoin ETF listing application, experts optimistic about approval
  • Mr. Zhao and the end of “borderless” crypto asset companies/Ripple and banks are getting closer[10 carefully selected books to read on the weekend]
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News