Bitfinex to Checklist Tenet’s Base Token, Tenet

2 views 6:56 am 0 Comments June 4, 2023


Bitfinex to Checklist Tenet’s Base Token, Tenet

ROAD TOWN, British Virgin Islands –  Might 24, 2023  Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital asset buying and selling platform, introduced right this moment that it is going to be itemizing Tenet (TEN), the bottom token of the Tenet Blockchain.

Tenet is a layer-1 blockchain that has created a DeFi Ecosystem for Liquid Staking Derivatives (LSDs). As an EVM-compatible blockchain working on the Cosmos SDK, Tenet permits customers to unlock the total worth of their staked belongings and use them throughout a local DeFi ecosystem ruled by Tenet’s validator community. 

The chain implements a novel Diversified Proof of Stake mannequin, which helps staking with any LSD asset from different chains, permitting Tenet to be partially secured by all its supported networks. Customers can stake the Tenet token on validator nodes so as to safe the community, and achieve liquid staking derivatives of their tokens.

“We’re delighted to introduce ‘Tenet’ within the Bitfinex ecosystem”, mentioned Henry Youngster, Head of Tokens at Bitfinex. “At its core, Tenet is on a mission to convey Liquid Staking Derivatives to all the highest Layer-1 blockchains and allow customers to soundly earn yield and liquidity. We imagine Bitfinex prospects can profit vastly with entry to this distinctive token.”

Bitfinex will open deposits for Tenet on Might 24, 2023 at roughly 12pm UTC. Buying and selling of Tenet will start on Might 25, 2023 at roughly 8am UTC, in buying and selling pairs towards the US Greenback (USD) and Tether tokens (USDt)

To acquire entry to Tenet on Bitfinex, prospects can go to https://www.bitfinex.com/.

*All customers of www.bitfinex.com are topic to Bitfinex’s phrases of service (“TOS”). Please be aware that U.S. individuals (as outlined within the TOS), amongst different prohibited individuals (as outlined within the TOS), are strictly prohibited from instantly or not directly holding, proudly owning or working an Account (as outlined within the TOS) on www.bitfinex.com. 

##

About Bitfinex

Based in 2012, Bitfinex is a digital token buying and selling platform providing state-of-the-art providers for merchants and international liquidity suppliers. Along with a set of superior buying and selling options and charting instruments, Bitfinex offers entry to peer-to-peer financing, an OTC market and margin buying and selling for a wide array of digital tokens. Bitfinex’s technique focuses on offering unparalleled assist, instruments, and innovation for knowledgeable merchants and liquidity suppliers world wide. Go to www.bitfinex.com to study extra.

Media contact for Bitfinex

[email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *