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BitMart Exchange to List unFederalReserve (eRSDL), DeFI Utility Token for a ‘Credit v Cash’ Spot Market

Place/Date: SAN FRANCISCO - December 22nd, 2020 at 11:59 am UTC · 3 min read
Contact: BitMart, Source: BitMart

BitMart, a premier global digital asset trading platform, will list Residual Token, Inc. dba unFederalReserve (eRSDL)’s utility token on Tuesday, Dec. 22, 2020, at 2:00 p.m. Eastern Standard Time. BitMart users will be able to trade eRSDL at that time.

The unFederalReserve ecosystem offers simple cash management solutions to its small bank and non-bank lender customers. The platform’s customers put their excess cash to work as standard deposits while lowering costs of capital in the form of short-term advances. This DeFI protocol-based system aims to serve business-to-business lenders, commercial enterprises, and anyone who may be interested in the data associated with blockchain-based lending protocols, transaction data and participant performance.

Residual Token, Inc. has incorporated the best elements of a blockchain-based ecosystem, which includes immutable records, near-instantaneous settlement, and advanced encryption, and combined them with traditional cash management workflows.

Howard Krieger, unFederalReserve CEO and Co-Founder, said:

“We are excited to list a utility token that provides access to our one-of-a-kind treasury management solution with BitMart. unFederalReserve democratizes financing among sophisticated market participants. We look forward to seeing BitMart’s customers joining at an exciting time in our development.”

Built largely using blockchain technology, unFederalReserve’s systems are mostly trustless with the exception of certain assessment protocols, information privacy modules and fund transfer activity. All protocols are designed and written in-house, and they provide documentation, and offer training to its adopters.

Sheldon Xia, BitMart’s Founder and CEO said:

“unFederalReserve’s mission of constructing a trustworthy treasury management platform impressed me — it bridges the deep gap between traditional fiat treasurer needs and digital cash management. We are excited to list eRSDL on our platform to boost the development of prominent DeFi projects and provide our users with quality investing choices.”

(Reference: Residual Token, Inc. Whitepaper)

About BitMart

BitMart Exchange is a premier global digital assets trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 400+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.

About unFederalReserve

Since its founding, unfederalreserve.com has been known for quality service, exceptional efficiency, the highest level of professionalism and client satisfaction. No job is too small for our team, and we manage projects with the skill and experience our clients have come to expect. Please reach out to us at [email protected]  to learn more.

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