DefiDollar Listing on AscendEX – Press release Bitcoin News

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DefiDollar is the first crypto that is backed by a reserve asset, based on a Commodity-Backed Crypto (CBC) approach. It is the first crypto reserve that guarantees to redeem 100% of the DefiDubl in a basket of tangible assets. Each DefiDollar is backed by a set of gold, silver, platinum, and palladium.

In this article we will briefly go through the history of the DefiDollar project. We will present you the team behind the project, explain the development of DefiDollar since its launch and give you some info about the unique features and benefits the project provides you. While Bitcoin and other cryptocurrencies are becoming more and more comfortable for everyday payments, there are still some issues with Bitcoin that need to be addressed. The limited number of transactions per block, the high transaction fees and unconfirmed transactions are just a few of those issues. This makes Bitcoin less desirable for everyday transactions and therefore less usable.

Press release

PRESS RELEASE. AscendEX, formerly BitMax, a leading digital asset trading platform founded by quantum trading veterans of Wall Street, announced the listing of the DefiDollar (DFD) token under the USDT/DFD pair on April 29. at 1:00 pm. UTC.

DefiDollar is a DeFi lab focused on mass adoption of DeFi through a wide range of products. The first product to be launched is the DUSD stablecoin index, while ibBTC and optionCoin are currently in development. DefiDollar (DUSD) claims to be an insured layer against stablecoin risk for DeFi. It is designed to provide a safe and stable way to hold assets, with the DUSD optimized for safety, return and diversification.

DefiDollar uses DeFi primitives to make sure you don’t lose a dollar. The DUSD provides a way to diversify stable currency holdings as a hedge in case the underlying stable currencies, such as Tether or DAI, deviate from their parities. DUSD is supported by the Token Curve Finance LP.

The DFD is DefiDollar’s own protocol token and has two main functions: Management and protocol support in case of a black swan event.

The DeFiDollar team is also working on a number of additional tools for the ecosystem, including synthetic products, indexes and options. The next product released by DefiDollar is ibBTC, a BTC index launched in partnership with Badger DAO.

DefiDollar brings together a team with exceptional experience ranging from Google to Y-Combinator-backed startups to India’s first crypto unicorn, Polygon.

About AscendEX

AscendEx, founded in 2018 as BitMax.io, is a leading financial platform for cryptocurrencies and digital assets, serving professional and retail traders. The platform offers spot, future, margin and betting products and integrates key elements of the DeFi to create a single market structure for users. AscendEx is led by a team of Wall Street veterans who have rigorously applied traditional market to create a robust, safe and reliable experience for all participants, as well as a consistent source of liquidity for primary offerings.

For more information and updates, please visit the website:

Website: https://ascendex.com

Twitter: https://twitter.com/AscendEX_Global

Telegram: https://t.me/AscendEXEnglish

Support: https://medium.com/ascendex

About DefiDollar

DefiDollar is a DeFi lab designed to ensure mass adoption of DeFi. DefiDollar brings together a team with exceptional experience, from Google to Y-Combinator-backed startups to India’s first crypto unicorn, Polygon.

For more information and updates, please visit the website:

Website: https://dusd.finance/

Twitter: https://twitter.com/defidollar?s=20

Telegram: https://t.me/defidollar_community

Blog : https://medium.com/defidollar/

This is a press release. Readers should exercise their own due diligence before taking any action with respect to the advertised company or any of its affiliates or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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