Fun

Bitfinex, a Pioneering Tier-1 Exchange, Lists XinFin Network’s Native XDC Token

News Feed - 2020-11-18 06:11:07

Bitfinex, a Pioneering Tier-1 Exchange, Lists XinFin Network’s Native XDC Token


PRESS RELEASE. After Indodax, Alpahex.net and Bitrue, XinFin Digital Contract ($XDC) tokens—the fuel of XinFin’s enterprise-ready, hybrid blockchain ecosystem—will be available on Bitfinex—a pioneering Tier-1 exchange—from 11 a.m. (UST) on November 16, 2020.


On November 16th, XinFin’s native utility token—XinFin Digital Contract or XDC—will join other leading cryptos listed on Bitfinex, a state-of-the-art digital token trading platform, based in the British Virgin Islands. In the initial phase, the exchange will list two trading pairs—XDC-USD (fiat) and XDC-USDT (Tether token, a USD-pegged stablecoin)—enabling its users to buy, sell, convert, send, receive, and store XDC. Considering that Bitfinex has an extensive, multi-lingual community of Russian, Chinese, and English speakers, the collaboration will substantially widen the exposure and adoption of XinFin’s utilities.


As an enterprise-ready hybrid ecosystem that combines the best of private and public blockchains, the XinFin mainnet comprises solutions that are disrupting a wide range of sectors, from education to trade and beyond. The XDC token functions as the fuel of this multidimensional network, enabling its holder’s access to diverse, real-world use cases, such as TradeFinex, MyContract, and BlockDegree.


TradeFinex is an ADGM Reg Labentity and a XinFin-based, decentralized marketplace for buyers, sellers, brokers, and financiers. The platform offers a fully-structured framework and common distribution standard for SMBs and other trade finance originators to connect with an ever-increasing community of alternative asset investors, including both banks and non-banks funding. Backed by XDC liquidity, the TradeFinex network facilitates invoicing, guarantees, line of credit, and bill of lading, among other solutions.


MyContract is a XinFin-powered middleware that functions as a stable, secure, decentralized, and blockchain-agnostic bridge between centralized entities. To achieve its function, the solution leverages web3 APIs and other open-source SDKs. BlockDegree is a decentralized edTech solution accredited by the Education Blockchain Action Network, US, and SkillsFuture, Singapore. Its primary mission is to build robust talent pipelines by empowering learners with P2P technology and enabling them to acquire new skills online. Furthermore, it offers a digital certificate that is payable using XDC and is stored immutably on the XinFin blockchain.


As a whole, the XDC network represents a developer-friendly toolkit, including solutions such as One-Click Installer, XinPay, and Remix. Coupled with secured XinFin wallets, these solutions enable developers to quickly deploy DApps and Smart Contracts on the XDC blockchain while incentivizing innovations through diverse Bounty Programs.


Broadening the horizons for the XinFin community, Bitfinex supports individual and corporate registration for fiat, apart from the standard, KYC/AML-compliant crypto deposits and withdrawals. Lastly, to buy, sell, and convert XDC, Bitfinex will offer the option for using Credit Cards.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. US Senator Cynthia Lummis to Ensure Congress Understands Bitcoin Is a "Great Store of Value" NEWS | 1 hour ago Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust NEWS | 6 hours ago Tags in this story Bitcoin, BitFinex, Cryptocurrency, XDC, XinFin


Image Credits: Shutterstock, Pixabay, Wiki Commons Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimer

News Feed

Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says
Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the pa
Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
El Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months
El Salvador Buys 410 Bitcoins as BTC Plunges to Lowest Level in Months El Salvador bought the dip as the price of bitcoin plunged to a record low. President Nayib Bukele said Frida
Nivesh Rustgi3 hours agoBitcoin mining stocks outperform BTC in 2023, but on-chain data points to a potential stallBitcoin mining stocks have been on a triple-digit tear in 2023, but an uptick in BTC sent to exchanges hi
XRP Makes Double Rejection – Here’s Where It Might Be heading Next
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn
US State Regulator Warns About Crypto Interest-Bearing Accounts Amid Market Downturn The financial regulator of the U.S. state of Arizona has warned investors about crypto interest
Bitcoin Holds Strong Despite Israel-Iran Tensions – Weekly Resistance Begins To Crack
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
What the Bitcoin halving means for the network’s energy consumption concerns
Shiraz Jagati9 hours agoWhat the Bitcoin halving means for the network’s energy consumption concernsA closer look at the upcoming halving’s potential to usher in more sustainable mining practices.1982 Total views16 T
Osprey ready to sunset its OTC Bitcoin trust by sale, merger or liquidation
Derek Andersen2 hours agoOsprey ready to sunset its OTC Bitcoin trust by sale, merger or liquidationOnce the tiny competitor to Grayscale’s GBTC, Osprey is trading at a discount and ready to take extreme measures for r
Australian regulator claims 58% of crypto ads on Facebook are scams
Stephen Katte6 hours agoAustralian regulator claims 58% of crypto ads on Facebook are scamsAustralia’s competition watchdog cited preliminary research that found more than half of the crypto ads on the platform breach
Amaka Nwaokocha12 hours agoHere’s how big food and beverage brands are using NFTs: ReportThe key supporting factors for the market are the adoption of blockchain technology and the demand for NFTs for transparency and
Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu