DeFiChain Lists New dTokens Corresponding to Walmart, Three Others

Twitter icon  •  Published il y a 1 an  •  Hassan Maishera

DeFiChain has announced the listing of four new dTokens on its decentralized exchange, and they are; dTokens are: $dWMT (Walmart), $dUL (Unilever), $dUSO (US Oil Fund), and $dUNG (US Gas Fund).

DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, announced that it had listed four new decentralized tokens on its DEX.

According to the press release shared with Cryptowisser, DeFiChain said the new dTokens include $dWMT (Walmart), $dUL (Unilever), $dUSO (US Oil Fund), and $dUNG (US Gas Fund)

DeFiChain said the new dTokens give users price exposure to their favorite assets without geographical restrictions, a serious alternative to the traditional financial broker.

Thanks to this latest development, DeFiChain users can now mint and trade these decentralized assets to get price exposure to the stocks and ETFs without leaving the DeFi ecosystem. 

Furthermore, users can also purchase dTokens on the DeFiChain decentralized exchange. This latest development comes a month after DeFiChain listed dTokens corresponding to Johnson & Johnson, DAX ETF, Adidas, and Goldman Sachs.

DeFiChain now offers dTokens corresponding to the S&P 500, Tesla, Apple, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta, and many other stocks and ETFs.

While commenting on this latest development, Benjamin Rauch, VP of Marketing at DeFiChain Accelerator, said;

“New listings on DeFiChain are driven by the community. Since commodities are a hot topic right now, the community decided to list two commodity-related tokens, which shows the real power of decentralization. On DeFiChain, everybody can participate in building the financial tools of tomorrow!”

DeFiChain said a dToken could either be held as an investment, traded on the DeFiChain DEX, or used for Liquidity Mining on the DEX. Users can mint dTokens on the DeFiChain blockchain by depositing BTC, DFI, dUSD, USDT or USDC as collateral in the DeFiChain Vault.

The company explained that the dTokens are not “securities” issued by a company or a large institution. Hence, they give users price exposure but not ownership, voting rights, dividends, or other benefits available to stockholders.

The dTokens, instead of tracking and reflecting the actual stock price, track and reflect a number of variable factors, and use oracles to capture those feeds. 

DeFiChain said it is focused on making it easier for millions of users from around the world who couldn’t invest in US stocks to gain price exposure to their favorite assets. 

DeFiChain is a fully decentralized blockchain with on-chain governance. Since its mainnet launch in May 2020, the project has seen an enthusiastic involvement from the community in almost all aspects of the blockchain, from masternodes, projects, tools, governance, and economic ideas.  

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.