The wait is over! DeFinance to be listed on Coinsbit on December 14!
DeFinance is thrilled to announce the listing of DeFin Token on Coinsbit on December 14.
DeFinance is a fully verified, audited, and hybrid swap protocol. The platform introduces a unique strategy that offers improved updates compared to AMM-based swap protocols such as Sushi Swap, Pancake Swap, and Uniswap. It is a community-driven platform that offers multichain token protocol through DEFIN.
DEFIN is the native token within the DeFinance App in Binance smart chain. It tends to incentivize stakeholders to earn from sharing their pool. In addition, holding the token means a stakeholder has a share in the governance of the DeFinance protocol. Remarkably, stakeholders can also vote on updates and listings on the platform. The voting includes what new token the platform should support.
The DeFinance protocol is geared at providing solutions to several issues confronting the market. It tends to constantly update and creates practical solutions to problems Swap users are facing. DeFinance is positioned as a viable alternative to other Swaps through its top-notch security feature and innovative approach.
The objective of DeFinance is to provide community-driven stakeholders while eliminating all security issues in the industry. It also deals with the current high gas fee consumption while moving out of the Ethereum ecosystem. The unique thing about moving to the Binance Smart Chain is the cost-effective alternative to all users. Through this, the DeFinance Platform will position itself as the best swap platform in the world.
DEFIN holders can receive passive earnings coming from the volume of trades, swaps and listing and collateralized assets and market conditions based on:
The interest rate coming from deposits- initial deposits and collateral assets will be used by traders who are borrowing and swapping the coins for trading purposes. The compounded interest rate shared by the depositors will be paid by borrowers based on the corresponding borrowing rate which can vary daily.
Flash Loan fees - depositors receive a share of the Flash Loan fees corresponding to .025% of the Flash Loan volume.
Compounded Asset and Yield coming from each asset which holds its own Market Supply and Demand for the use of currency.
DeFinance team also launched a Five million-dollar NFT airdrop that it intends to give its users. The team released a million-dollar worth of NFT MetaMask airdrop to 20,000 MetaMask holders as a reward for their investment in the token and an incentive to prospective participants to join the train.
To read more- https://finance.yahoo.com/news/nft-gets-wild-definance-launches-150100303.html
Coinsbit is an Estonia-based centralised cryptocurrency exchange. It is the largest cryptocurrency exchange. On the exchange, there are 85 coins and 186 trading pairs. The volume on Coinsbit in the previous 24 hours was estimated to be $3,772,631,379. ETH/USDT is the most active trading pair on the Coinsbit exchange.
The team states that there are 2,000,000 Coinsbit users. Coinsbit assists cryptocurrency pairs, 6+ fiat gateways, OTC trading, and a peer-to-peer lending platform. Coinsbit provides cryptocurrency trading and also the opportunity for users to earn crypto-assets through the Staking pool. Coinsbit CNB is an exchange token that was released on January 1, 2020, intending to decrease trading fees for users. Coinsbit provides its platform for both listing and executing IEOs.