Disney, MicroStrategy, Intel, iShares on DeFiChain dTokens List

Source : coinquora.com

  • DeFiChain lists out its new dTokens.
  • This includes MicroStrategy, Intel, Walt Disney, and iShares MSCI China ETF.
  • Earlier, the platform has added dTokens like Tesla, Apple, Alibaba, Nasdaq, etc.

DeFiChain, the decentralized finance for Bitcoin announced that it has added dTokens or decentralized assets after a Ticker Voting by the community. Currently, DeFiChain added four dTokens, namely,  $dDIS (Walt Disney), $dMSTR (MicroStrategy), $dMCHI (iShares MSCI China ETF),  and $dINTC (Intel).

Subsequently, DeFiChain users will now be able to mint and trade these four dTokens, which have been reported to receive considerable support from the community members. Other tokens in the voting list were Nintendo Co LTD, Mastercard, PayPal Holdings Inc, Uber Technologies Inc, etc.

Prasanna Loganathar, the Lead Engineer at DeFiChain remarked:

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.

In detail, the addition of new dTokens highlights the major plan to bestow DeFi users with the price appreciation of traditional assets like stocks, bonds, ETFs, commodities, etc. Meanwhile, the DeFiChain platform has so far added dTokens like Tesla, Apple, S&P 500, Alibaba, Nasdaq, GameStop, Microsoft, Amazon, Meta, Netflix, Nvidia, and many other stocks and ETFs. 

Notably, DeFiChain will look forward to listing popular assets decentrally and introducing additional features in due course. As it is acclaimed to be a fully decentralized blockchain with on-chain governance, interested users are not requested to complete the identity verification required to hold decentralized stock tokens on the DeFiChain network.

The platform serves dTokens to hold as an investment or use for liquidity mining on DeFiChain DEX. The users can mint the tokens by depositing BTC, DFI, USDT, dUSD, or USDC as collateral in the DeFiCahin Vault.

However, minting is not the only process to own the tokens, instead, users can buy them in fractional pieces and then put them toward liquidity mining. Specifically, all the dTokens are freely denumerable and can be transferred to other users worldwide without the need for intermediaries.

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