Bitfinex Launches Fantom Ecosystem Tokens Hector Network (HEC), Retreeb (TREEB) SpookySwap (BOO)
14 October 2022
in Media Releases
ROAD TOWN, British Virgin Islands – October 14th 2022 – Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token buying and selling platform, introduced at the moment that it is going to be itemizing SpookySwap (BOO), Hector Network (HEC) and Retreeb (TREEB), offering prospects with entry to pivotal tokens within the Fantom ecosystem, a high-throughput, open-source sensible contract platform for digital belongings and decentralised apps (dApps).
SpookySwap is a decentralized alternate (DEX) that makes use of an automatic market-making (AMM) protocol. As the primary native Fantom AMM and DEX, SpookySwap permits prospects to swap tokens with zero deposit or withdrawal charges. Using SpookySwap requires no sign-up, buyer data or information assortment. When prospects present liquidity, they’re able to acquire a portion of the swap payment and obtain BOO, the SpookySwap governance token.
HEC is the native utility token of the Hector Network, a decentralized protocol that can be the official associate of Bundesliga soccer crew, Borussia Dortmund. Hector Network is an ecosystem of blockchain merchandise that embody Hector Institute, a lending platform that permits prospects to make use of their Hector-compatible tokens to obtain loans, the TOR stablecoin, which is the community’s decentralized stablecoin and Hector DEX, the community’s decentralized alternate (DEX) that permits prospects to swap tokens.
Retreeb is a decentralized point-of-sale software that claims it channels one third of its community charges in the direction of funding social and solidarity initiatives. Through Retreeb, prospects can full transactions and 33% of the community payment from each transaction will go to a social and solidarity challenge that the shoppers themselves select by way of the appliance.
“We are delighted to welcome SpookySwap, Hector Network and Retreeb, which all play an important role in the flourishing ecosystem of Fantom,” mentioned Paolo Ardoino, CTO at Bitfinex. “The addition of these digital tokens will add to the growing diversity of tokens available on Bitfinex, and give our customers added options for their crypto portfolio.”
“Bitfinex is a leading digital token platform, and its decision to list Fantom project tokens is a sign of both the incredible success that builders on Fantom enjoy and the maturity of projects in our ecosystem,” mentioned Michael Kong, CEO at Fantom. “SpookySwap, Hector Network, and Retreeb have brought ambition, drive and incredible community engagement to Fantom. Seeing them succeed validates the work we’re doing to support the developer community and build a platform that helps projects thrive. We look forward to their continued success.”
Fantom is among the many largest decentralized finance (DeFi) ecosystems with $500 million complete worth locked (TVL) and greater than 250 initiatives on its blockchain.
HEC, TREEB and BOO will likely be accessible to commerce towards US Dollar (USD) and Tether tokens (USDt).
For entry to the Fantom tokens on Bitfinex, prospects can go to https://www.bitfinex.com/.
Founded in 2012, Bitfinex is a digital asset buying and selling platform providing state-of-the-art companies for digital forex merchants and world liquidity suppliers. In addition to a set of superior buying and selling options and charting instruments, Bitfinex offers entry to peer-to-peer financing, an OTC market, and financed buying and selling for a big selection of digital belongings. Bitfinex’s technique focuses on offering unparalleled help, instruments, and innovation for skilled merchants and liquidity suppliers all over the world. Visit www.bitfinex.com to study extra.
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