The introduction of 12 new ERC-20 tokens has been declared by Bitfinex, and amongst the altcoin, tokens include the competitor to Tether.
Trading pairs for 12 new Altcoins declared by Bitfinex
On its trading platform, via the medium, Bitfinex declared the introduction of 12 new altcoins, on April 7th. Each of the latest tokens is ERC-20 tokens (hosted on the Ethereum blockchain, they are the technical standard for smart contracts).
In addition to the above, the freshly backed altcoins include Aion (AION), Request Network (REQ), Iostoken (IOST), Loopring (LRC), Raiden Network (RDN), Bnktothefuture token (BFT), Wax (WAX), Cofound.it (CFI), Dai (DAI), Odem (ODEM), Singularitynet (AGI) and Medicalchain (MTN).
On April 7th, at 4 pm UTC, the newly backed altcoin went live which include BTC, ETH, and USD trading pairs. The fresh token listings additions have a collective market capitalization amounting to $1.1B+ USD detailed the Bifinex in its statement. Moreover, as adequate liquidity grows, the margin trading and lending markets for the new tokens will enable gradually.
Dai and Bnktothefuture are amongst the notable listings
Built on Ethereum, a digital decentralized stablecoin known as Dai is among the newly listed ERC-20 tokens. As the project seems to be in, direct competition with popular stablecoin, Tether – which has the same directors as Bifinex, making the listing of Dai Significant indeed. The firm also noted that whilst they explore the possibility of including additional DAI pairs, DAI will be made available against BTC, ETH, and USD.
Bnktothefuture seems to have possession of shares in Bitfinex, and also appears to notable, the listing of the Bnktothefuture token as well. Following the devastating hack suffered by the exchange in 2016, bnktothefuture was also involved in the controversial conversion of BFX tokens into equity in Bitfinex. Bitfinex officially endorsed a letter of intent with Bnktothefuture to offer services towards compensating customers with equity in Bitfinex, on August 22nd, 2016.
Representing a diverse array of blockchain-based projects is the introduction of such a large selection of tokens which indicates an exciting development for Bitfinex, noted Jean-Loius van der Velde, the Chief Executive Officer of Bitfinex. He further continued stating that, the firm is honored to add these tokens as they believe each token provides a strengthen and enliven distinct aspect of the global blockchain ecosystem, and will also include a fresh and interesting trading options for their clients.
In conclusion, Mr. Velde added “We are excited to be going the extra distance to accommodate the needs and expectations of our traders. Looking forward, we will continue to expand our service offerings to best address their needs, and to maintain an advanced and supportive trading platform for the growing digital asset community.”