Press Release

DeFiChain Announces Successful Hard Fork and New Listing on Bittrex Global Exchange

DeFiChain, a blockchain specifically dedicated to decentralized financial applications, has announced their listing on Bittrex Global. DeFiChain’s native coin “DFI” is now trading live on Bittrex’s robust and secure platform.

The DeFi space has been growing immensely in terms of value, functionalities, and attention from both the media and public. It is DeFiChain’s mission to bring seamless and unrestricted access to a wide range of financial services in a purely decentralized system. The listing on Bittrex’s innovative exchange further accelerates this goal. DeFiChain aims to leverage Bittrex’s extensive community and longstanding experience as a tier one exchange.

The announcement comes just a week after its successful hard fork “AMK”, bringing about tokenization support for DeFi custom tokens (DCTs), and DeFi asset tokens (DATs). The hard fork also included upgrades from the DFIPs (DeFi Improvement Proposals) 1 & 2.

“DeFiChain intends to be the platform for everyone to access all possible DeFi transactions,” said Dr. Julian Hosp, DeFiChain Foundation Chairman. “We’re extremely excited to be listing on our first tier one exchange. Partnering with Bittrex will be significant for our community!”

DeFiChain’s function set includes among others:

  • Yield Farming
  • Decentralized Lending
  • Decentralized Wrapping of Tokens
  • Decentralized Pricing Oracles
  • Decentralized Exchanges
  • Transferable Debts and Receivables
  • Decentralized Non-Collateralized Debt

Following the listing on Bittrex, DeFiChain is launching its liquidity pool functionality in November 2020. This will bring about the first yield farming capabilities on a UTXO network.

DeFiChain Foundation Chairman Dr. Julian Hosp, will be appearing live on a video AMA (Ask Me Anything) with Bittrex on 21 Oct 08:00 AM PDT.

For latest updates, follow DeFiChain’s social platforms on Telegram and Twitter.

About DeFiChain

The DeFiChain Foundation’s mission is to bring DeFi to the bitcoin ecosystem.

DeFiChain is a blockchain platform dedicated to enable fast, intelligent, and transparent decentralized financial services.

Unlike most of the other DeFi projects that are built on the Ethereum network, DeFiChain is built as a software fork on bitcoin, and leverages Bitcoin’s security by anchoring to the bitcoin blockchain (via Merkle root) every few minutes.

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.

For full information including roadmap and upcoming features, visit https://defichain.com/

About Bittrex Global

Bittrex Global has one of the most secure trading platforms and digital wallet infrastructures in the world where customers can access exciting new products. Built on Bittrex’s cutting-edge technology, Bittrex Global provides a high-level experience for professional and novice customers alike. Bittrex Global is headquartered in the Principality of Liechtenstein near the financial centre of Zürich.

Learn more at: https://global.bittrex.com/

Media Contact

David Lin

media@DeFiChain.com

The News Crypto Staff

The News Crypto is a group of crypto journalists writing about the latest happenings in the crypto and blockchain industry.

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