DFI Token Receives Major Boost as DeFiChain Lists Token on Gate.io

UTC by Mayowa Adebajo · 2 min read
DFI Token Receives Major Boost as DeFiChain Lists Token on Gate.io
Photo: DeFiChain / Twitter

The native DFI token is expected to go live on the Gate.io platform by October ending.

Decentralized blockchain platform DeFiChain has announced that it has listed its DFI token on Gate.io exchange.  The blockchain is well known for its prospects of bringing decentralized finance (DeFi) to Bitcoin.  And considering the strength of Gate.io as one of the world’s biggest exchange platforms, the listing is a giant leap toward DeFiChain achieving its aim of bolstering the adoption of its DFI token. This is even as the token becomes a favorite choice among global investors.

DFI Token Begins Trading

The ERC-20 version of the DFI token launched on the Gate.io platform on Monday.  And as of press time, it only trades against USDT. However, there is every possibility that a DFI/BTC pair is not far from being introduced as well. Whatever might be the case, the native DFI token is expected to go live on the platform by October ending.

The listing, as it were, means that users may now trade (buy and sell), store, and  transfer the token via Gate.io. Additionally, the listing open up users to DeFiChain ecosystem. This means that they will have unlimited access to all of the blockchain’s products and services.

Speaking about the development, Benjamin Rauch, VP Marketing at DeFiChain Accelerator expressed the firm’s satisfaction. In what appears to be some sort of self adulation, Rauch also noted that the “No. 1 DeFi blockchain on Bitcoin” will undoubtedly enjoy increased popularity as more investors gain access to it via listings such as this.

Gate.io joins a growing list of crypto exchanges where the DFI token is available. Some if the other exchanges include Bybit, Hotbit, Huobi, Kucoin, Bitrue, and Bitrex.

Price Surges

As is common with every new integration, launching on Gate.io has seen users witness a not-so-surprising surge in the price of the DFI token. According to CoinMarketCap data, the DFI price is up by nearly 2% in the last 24 hours. And as of publication, it is trading at $.07762.

The surge in price will be attributed to nothing other than an increased user base, stemming from the token’s listing on Gate.io.

Cryptocurrency news, News
Mayowa Adebajo

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.

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