{"id":230914,"date":"2022-04-08T15:00:20","date_gmt":"2022-04-08T14:00:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=230914"},"modified":"2022-04-08T14:24:50","modified_gmt":"2022-04-08T13:24:50","slug":"bitcoins-defichain-adds-tokens-for-disney-intel-microstrategy","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/bitcoins-defichain-adds-tokens-for-disney-intel-microstrategy\/","title":{"rendered":"Bitcoin&#8217;s DeFiChain adds tokens for Disney, Intel, MicroStrategy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">DeFiChain<\/span><span style=\"font-weight: 400;\">\u00a0<a href=\"https:\/\/docs.google.com\/document\/d\/1poFzDD-VBi-t2LcZ3N7HKOO4YFx7ef5u6f8-cHjSIMM\/edit#\">announced<\/a> on April 7 that four new decentralized assets, so-called dTokens, have been added to its ecosystem following a community vote.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The four new decentralized tokens will give users price exposure \u2014 not ownership \u2014 to public companies' stocks and ETFs without any restrictions. <\/span><span style=\"font-weight: 400;\">The added dTokens are dDIS representing Walt Disney Co; dMCHI representing iShares MSCI China ETF; dMSTR representing <\/span><a href=\"https:\/\/cryptoslate.com\/companies\/microstrategy\/\"><span style=\"font-weight: 400;\">MicroStrategy<\/span><\/a><span style=\"font-weight: 400;\"> Incorporated; and dINTC, which follows the price of Intel Corporation shares.<\/span><\/p>\n<h2><strong>Community members vote for tokens<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">According to the announcement, DeFiChain users will now be able to mint and trade the above dTokens. These four assets received the most support from the community members in a voting process that gave the community members the option to also vote for Mastercard Inc, Nintendo Co LTD, PayPal Holdings Inc, Twitter Inc, Uber Technologies Inc, and several others.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The addition of new dTokens \u2014 which are synthetic assets in essence \u2014 enables DeFi users to benefit from the price movements of traditional assets like stocks, bonds, commodities, and ETFs, among others. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to the newly released tokens, DeFiChain already offers dTokens corresponding to the S&P 500, Tesla, Apple, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta, and other stocks, as well as ETFs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0Prasanna Loganathar, the Lead Engineer at DeFiChain, said:<\/span><\/p>\n<blockquote><p><strong>\u201cDeFiChain is continuously expanding the dToken universe to give users a serious alternative to the traditional financial broker \u2014 all while offering the flexibility and benefits of decentralization.\u201d<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">According to the announcement, decentralized assets are one of the most innovative and revolutionary products of DeFiChain. DeFiChain claims to be the only blockchain to offer decentralized assets on the Bitcoin network.<\/span><\/p>\n<h2><strong>dTokens are not securities<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">DeFiChain said dTokens are not &#8220;securities&#8221; issued by a company or a large institution. As a result, they give users price exposure but not ownership, voting rights, dividends, or other benefits available to shareholders. Additionally, rather than tracking and reflecting the actual stock price, as <\/span><a href=\"https:\/\/cryptoslate.com\/spot-bitcoin-etfs-could-become-reality-by-mid-2023\/\"><span style=\"font-weight: 400;\">ETFs<\/span><\/a><span style=\"font-weight: 400;\"> do, dTokens track and reflect several variable factors using oracles to capture those feeds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the price of dTokens may not always mirror the underlying asset's worth because of fluctuations in the supply and demand of dTokens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As explained in the announcement, a dToken can either be held as an investment, traded on the DeFiChain decentralized exchange (DEX), or used for liquidity mining on the DEX. In addition, users can mint dTokens on the DeFiChain blockchain by depositing BTC, DeFiChain's native token DFI, dUSD, USDT, or USDC as collateral in the DeFiChain Vault.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Minting is not the only way to own decentralized assets, however. DeFiChains said users can also buy dTokens &#8211; even in fractional pieces &#8211; on the DeFiChain DEX and then put them towards liquidity mining for additional passive income. In addition, all dTokens are freely denumerable and can be transferred to anyone worldwide without an intermediary.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fractional pieces are useful because some stocks, like Tesla, are too expensive for the average person, and the traditional form of shares can not be divided or split.<\/span><\/p>\n<h2><strong>Users benefit from price exposure without restrictions<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Synthetic representations of real-world assets liberate users from around the world from geographical constraints, trading limits, and other hurdles. By investing in a synthetic representation of an asset, users can benefit from price exposure to their favorite assets by minting or buying the relevant synthetic tokens such as dTokens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">DeFiChain said it will continue to list popular assets in a decentralized manner and continue introducing additional features in due course. DeFiChain is a fully decentralized blockchain with on-chain governance and does not require KYC verification, according to the announcement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from dTokens, DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation's mission is to bring <\/span><a href=\"https:\/\/cryptoslate.com\/defi\/\"><span style=\"font-weight: 400;\">DeFi<\/span><\/a><span style=\"font-weight: 400;\"> to the Bitcoin ecosystem, a feat far from as straightforward as on smart contract platforms such as Ethereum (<\/span><a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\"><span style=\"font-weight: 400;\">ETH<\/span><\/a><span style=\"font-weight: 400;\">), Solana (<\/span><a href=\"https:\/\/cryptoslate.com\/coins\/solana\/\"><span style=\"font-weight: 400;\">SOL<\/span><\/a><span style=\"font-weight: 400;\">), and others.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DeFiChain\u00a0announced on April 7 that four new decentralized assets, so-called dTokens, have been added to its ecosystem following a community vote. The four new decentralized tokens will give users price exposure \u2014 not ownership \u2014 to public companies&#8217; stocks and ETFs without any restrictions. The added dTokens are dDIS representing Walt Disney Co; dMCHI representing [&hellip;]<\/p>\n","protected":false},"author":962,"featured_media":230931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6407,46940,77472,76736],"tags":[76769,75597,77619,77501],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin&#039;s DeFiChain adds tokens for Disney, Intel, MicroStrategy<\/title>\n<meta name=\"description\" content=\"DeFiChain, a DeFi service running on the Bitcoin network, has added four tokens representing real-world assets, including one ETF.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/bitcoins-defichain-adds-tokens-for-disney-intel-microstrategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin&#039;s DeFiChain adds tokens for Disney, Intel, MicroStrategy\" \/>\n<meta property=\"og:description\" content=\"DeFiChain, a DeFi service running on the Bitcoin network, has added four tokens representing real-world assets, including one ETF.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/bitcoins-defichain-adds-tokens-for-disney-intel-microstrategy\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-08T14:00:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-08T13:24:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/04\/defichain-abstract.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laszlo Dobos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laszlo Dobos\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-defichain-adds-tokens-for-disney-intel-microstrategy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/bitcoins-defichain-adds-tokens-for-disney-intel-microstrategy\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/#person\",\"name\":\"Laszlo Dobos\",\"url\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/12\/lars-dobos-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/12\/lars-dobos-author-300x300.jpg\",\"caption\":\"Laszlo Dobos\"},\"jobTitle\":\"Reporter\",\"description\":\"Educated in computer engineering, Laszlo began developing an interest for crypto and blockchain technology back in 2013. 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Dobos","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/12\/lars-dobos-author-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/12\/lars-dobos-author-150x150.jpg","caption":"Laszlo Dobos"},"description":"Educated in computer engineering, Laszlo began developing an interest for crypto and blockchain technology back in 2013. Lars started writing about IT and IT-security as a full-time tech journalist and editor in 2007. He's a self-employed entrepreneur and writer deep down the famous rabbit hole. When he's not spending too much time in the crypto space or reading history books, Lars enjoys the outdoors, food and hanging out with friends.","url":"https:\/\/cryptoslate.com\/author\/laszlo-dobos\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/230914"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/962"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=230914"}],"version-history":[{"count":7,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/230914\/revisions"}],"predecessor-version":[{"id":230946,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/230914\/revisions\/230946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/230931"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=230914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=230914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=230914"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=230914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}