DeFiChain Adds New dTokens Corresponding to Disney, Intel, MicroStrategy, and iShares MSCI China ETF
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.
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, firstname.lastname@example.org
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- Benjamin Rauch