DeFiChain (DFI) has announced the addition of four new decentralized assets (dTokens), including Walt Disney Co ($dDIS), MicroStrategy Incorporated (dMSTR), iShares MSCI China ETF ($MCHI), and Intel Corporation ($dINTC), following a Ticker Voting by members of its community.
DeFiChain Lists Four New Assets
DeFiChain (DFI), a decentralized proof-of-stake (PoS) blockchain created as a hardfork of the Bitcoin network to enable advanced decentralized finance (DeFi) applications, has added four new decentralized assets (dTokens) to its growing list of ecosystem products following a Ticker Vote by members of its community.
In the DeFiChain ecosystem, the community decides which dTokens will be listed on the platform, and based on their votes, DeFiChain has now added:
- $dDIS – Walt Disney Co
- $dMCHI – iShares MSCI China ETF
- $dMSTR – MicroStrategy Incorporated
- $dINTC -Intel Corporation
The team has made it clear that DeFiChain users will now be able to mint and trade the newly added dTokens. The four assets received the highest number of votes from the community members, who could also have chosen other assets like Mastercrad Inc, Nintendo Co LTD, PayPal Holdings Inc, Twitter Inc, Uber Technologies Inc, and more.
Continuous Expansion
The team says the addition of new dTokens marks a major step toward enabling DeFiChain users to take advantage of the price appreciation of traditional assets such as stocks, bonds, commodities, ETFs, and more.
DeFiChain already offers dTokens corresponding to the S&P 500, Tesla, Apple, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta, and several other stocks and exchange-traded funds (ETFs).
Prasanna Loganathar, the Lead Engineer at DeFiChain said:
“DeFiChain is continuously expanding the dToken universe o give users a serious alternative to the traditional financial broker – all whilst offering the flexibility and benefits of decentralization.”
Decentralized assets are one of the most innovative and revolutionary products of DeFiChain. DeFiChain claims to be the only blockchain to offer decentralized assets on the Bitcoin network.
The team has stated categorically that dTokens do not give holders ownership, voting rights, dividends, or other benefits available to stockholders of the underlying asset, as they are not securities issued by the companies themselves. Instead, dTokens are designed to offer holders price exposure to the traditional assets, not ownership.
“Rather than tracking and reflecting the actual stock price, the dTokens track and reflect a number of variables factors, and use oracles to capture those feeds,” explains the team, adding that the price of dTokens may not always correspond with that of the underlying assets, due to fluctuations in the supply and demand of dTokens.
Each dToken can either be held as an investment, traded on the DeFiChain DEX, or used for Liquidity Mining on the DEX. DeFiChain users can mint dTokens on the DeFiChain blockchain by depositing BTC, DFI, dUSD, USDT, or USDC as collateral in the DeFiChain Vault.
In addition to minting dTokens, DeFiChain users interested in owning dTokens can also buy them (even in fractional pieces) on the DEX and then put them towards liquidity mining for additional passive income. All dTokens are completely denumerable and can be transferred to other people worldwide, without intermediaries.
By minting or buying dTokens, millions of people from across the world will now be able to invest in the U.S. stock markets without having to worry about their geographical locations, trading limits, and other barriers to entry.
“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 a KYC verification to hold decentralized stock tokens on DeFiChain,” added the team.
DeFiChain is dedicated to offering users fast, intelligent, and transparent DeFi solutions, including decentralized loans, liquidity mining, staking, decentralized assets, and more.
At press time, the price of DeFiChain’s native DFI token is trading around $4.46, according to CoinMarketCap.
Source: https://crypto.news/defichain-adds-new-dtokens-representing-microstrategy-disney-intel-and-ishares-msci-china-etf/