DeFiChain, the world’s premier blockchain platform based on the Ethereum Bitcoin Blockchain, has just revealed the addition of four decentralized tokens (dTokens), after receiving positive feedback from their community Ticker vote.
The new dTokens are derived from four different assets: Intel Corporation, iShares MSCI China ETF, Walt Disney Co. and MicroStrategy Incorporated.
The following is the list of the tokens:
- $dINTC – Intel Corporation
- $dMCHI – iShares MSCI China ETF
- $dDIS – Walt Disney Co.
- $dMSTR – MicroStrategy Incorporated
Lead Engineer Prasanna Loganathar commented on these new additions, saying:
“DeFiChain is committed to expanding the dToken universe to provide users with a real alternative to traditional finance brokers, while still offering the flexibility and advantages of decentralization.”
What can DeFi Users do with dTokens?
When it comes to DeFiChain tokens, they only offer exposure to the asset’s price, not ownership.
DeFiChain already has more than four dTokens available, including those based on Microsoft, Nvidia, Tesla, Meta, S&P 500, Apple, GameStop, Alibaba, Nasdaq 100, Amazon and Netflix, among others.
The community is allowed to vote on which tokens they wish to be added, just as with the recent four.
There were some other tokens that didn’t make the cut, including Mastercard Inc, PayPal Holdings Inc, Nintendo Co Ltd, Uber Technologies Inc, and Twitter, among others.
DeFiChain is the only blockchain to provide decentralized assets on-chain, making it the leading Bitcoin network.
Using dTokens
It’s important to note that DeFiChain dTokens can’t be bought as “securities”, so these companies only provide exposure to the asset’s price and not ownership, voting rights, dividends or any other kind of benefits.
dTokens are capable of mirroring and tracking share prices, which is why the price of dTokens may differ from that of the underlying asset.
A dToken is a token that can be traded on the DeFiChain DEX, and can be used for trading or investment purposes. DeFiChain customers can generate dTokens by depositing BTC or USDT in the DeFiChain vault, or they can also purchase them on the DeFiChain DEX.
