DeFiChain, the world’s leading blockchain built on the Bitcoin blockchain, has announced the addition of four new decentralized tokens (dTokens) after community ticker voting. The four newly added dTokens are based on his four assets: Walt Disney Co, iShares MSCI China ETF, Intel Corporation, and MicroStrategy Incorporated.
Tokens are indicated as follows:
- $dINTC – Intel Corporation
- $dMCHI – iShares MSCI China ETF
- $dDIS – The Walt Disney Company
- $dMSTR – MicroStrategy Incorporated
Following the addition of four new dTokens, DeFiChain lead engineer Prasanna Loganathar said:
“DeFiChain continues to expand the dToken universe while offering the flexibility and benefits of decentralization to offer users a serious alternative to traditional financial brokers.”
Importance of dToken for DeFi users
DeFiChain’s dToken only allows users price exposure, not ownership of the corresponding asset.
In addition to the four newly added dTokens, DeFiChain already offers dTokens from Microsoft, Nvidia, Tesla, Meta, S&P 500, Apple, GameStop, Alibaba, Nasdaq 100, Amazon, Netflix and more.
The DeFiChain community is the community that decides which dTokens to add, just like the four newly added ones, by voting.
Apart from the four decentralized tokens that were voted on, there were other tokens that were not voted on, including dToken from Mastercard Inc, PayPal Holdings Inc, Nintendo Co Ltd, Uber Technologies Inc and Twitter.
DeFiChain is the only blockchain that offers decentralized assets on the Bitcoin network.
Using dTokens
DeFiChain’s dToken is not a “securities”. As such, they only give price exposure to users and do not confer ownership, dividends, voting rights, or other benefits available to affiliated company shareholders.
Instead of tracking and reflecting actual stock prices, dTokens track and reflect many variables captured using oracles. Therefore, the price of dToken may differ from the price of the underlying asset.
dTokens can be traded on the DeFiChain DEX, held as an investment, or used for liquidity mining on the DeFiChain DEX. A DeFiChain user can create her dToken on the DeFiChain blockchain by depositing her BTC, USDT, USDC, DFI, or dUSD as collateral in the DeFiChain Vault.
In addition to minting, users can also own dTokens by purchasing them on the DeFiChain DEX.
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