Singapore-based crypto exchange AscendEx announced on the 20th that it has listed NFT and fantasy sports platform DeFi11’s token D11 on its platform. The trading pair offered is USDT/D11 and users can start trading from the 20th.
DeFi11 is a DeFi-based fantasy sports ecosystem that brings decentralization to fantasy sports and provides gamers with a platform that prevents manipulation of game data, poor reward pool distribution, and user anonymity along with misuse of player information.
The DeFi 11 foundation will launch their token on Polygon’s native launchpad, Polystarter. The token will act as an intermediary for various games associated with DeFi11.
In addition, tokens will be used for various purposes such as payment of fees, purchase of assets, and game rewards.
Noting the future projects, the press release stated:
“The project plans to release unparalleled project features, including non-custodial wallets, mobile wallets, a blockchain agnostic platform, and a deflationary token model in which tokens are burned after every contest.”