Press release. After Indodax, Alpahex.net, and Bitrue, the XinFin Digital Contract ($XDC) token (the fuel of XinFin’s enterprise-ready hybrid blockchain ecosystem) will be available on Bitfinex (the groundbreaking Tier-1 Exchange) will be available on November 16, 2020.
On November 16, XinFin’s local utility token, XinFin Digital Contract or XDC, will join other leading cryptocurrencies listed on Bitfinex, the most advanced digital token trading platform in the British Virgin Islands. In the initial stage, the exchange will list two trading pairs-XDC-USD (fiat currency) and XDC-USDT (Tether token, a stable currency pegged to the U.S. dollar), enabling users to buy, sell, and convert. Send, receive and store XDC. Considering that Bitfinex has a broad, multilingual community with Russian, Chinese and English as mother tongues, this cooperation will greatly expand the application range of XinFin utility.
As an enterprise-ready hybrid ecosystem that combines the essence of private and public blockchains, the solutions provided by the XinFin mainnet are disrupting various fields from education to trade and more. The XDC token acts as the driving force of this multidimensional network, giving its owners access to a variety of real use cases such as TradeFinex, MyContract and BlockDegree.
TradeFinex is a ADGM Registered Laboratory Entity, as well as for buyers, sellers, brokers and financiers, based on Sinn Fein’s decentralized market. The platform provides a complete framework and common distribution standards for SMEs and other trade finance promoters to establish connections with the growing community of alternative asset investors, including bank and non-bank funds. Supported by XDC’s liquidity, the TradeFinex network facilitates solutions such as invoices, guarantees, credit lines and bills of lading.
MyContract is a middleware supported by XinFin, which can act as a stable, secure, decentralized and blockchain-independent bridge between centralized entities. In order to achieve its functionality, the solution utilizes web3 API and other open source SDKs. BlockDegree is a decentralized edTech solution recognized by the United States Educational Blockchain Action Network, The United States and Talent,Singapore. Its main task is to establish a strong talent pipeline by enabling learners to possess P2P technology and enable them to acquire new skills online. In addition, it provides a digital certificate that can be paid with XDC and stores it immutably on the XinFin blockchain.
Overall, the XDC network represents a developer-friendly toolkit, including one-click installers, solutions such as XinPay and Remix. Combined with a secure XinFin wallet, these solutions enable developers to quickly deploy DApps and smart contracts on the XDC blockchain, while incentivizing innovation through various bounty programs.
In addition to standard cryptocurrency deposits and withdrawals that comply with KYC/AML requirements, Bitfinex broadens the horizons of the XinFin community and supports the registration of individual and corporate laws. Finally, to buy, sell and convert XDC, Bitfinex will provide the option of using a credit card.
This is a press release. Readers should conduct their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com does not assume any direct or indirect responsibility for any loss or loss caused or allegedly caused by the use or reliance on any content, goods or services mentioned in the press release or related thereto.
Picture Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for reference only. It is not a direct offer or solicitation of an offer, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. For the use or reliance on any content, goods or services mentioned in this article, or any loss or loss related to it, the company or the author shall not directly or indirectly bear any responsibility.