Concordium Blockchain Officially Launches Its CCD Token On Bitfinex and BitGlobal

ZUG, Switzerland, Feb. 10, 2022 /PRNewswire/ — Concordium, a public, proof-of-stake blockchain with a built-in identification layer to satisfy the regulatory necessities, is thrilled to announce the official itemizing of its native CCD token on Bitfinex and BitGlobal, two main crypto exchanges. Bitfinex is the primary trade the place customers can commerce the CCD token, starting at 10:00 AM CET on February 10, 2022. Buying and selling on BitGlobal will open on February 11, 2022 at 10:00 AM CET.

Based in 2012, Bitfinex is among the world’s oldest crypto buying and selling platforms. It gives a collection of extremely superior and diversified buying and selling options, charting instruments, and unparalleled assist. BitGlobal is designed to allow each consumer to commerce, take part, or contribute to the digital property ecosystem with ease. It gives a user-friendly digital asset ecosystem with elevated liquidity and tighter safety measures of worldwide requirements. 

Each Bitfinex and BitGlobal customers will be capable of commerce CCD in opposition to BTC, ETH, and USDT. The exchanges will initially assist solely spot buying and selling of the token at launch. Within the close to future, Concordium intends on bringing CCD to extra exchanges thereby growing the liquidity of the CCD and enabling wider utilization of the CCD. 

Because the native token of the Concordium platform, CCD is essential to interacting with the blockchain. It may be used as a way of fee on purposes utilizing the Concordium expertise in addition to paying transaction charges to the validator nodes that course of transactions and safe the community. These charges are deterministic, identified upfront and secure in Euro-terms. The CCD token will even energy the colourful ecosystems constructed on Concordium, with a particular give attention to Regulated DeFi, Decentralized Fintech, and innovation.

The Swiss Monetary Market Supervisory Authority has labeled CCD as a fee token, which means it’s appropriate for use for on-chain settlement of transactions, collateralization, and all different use-cases relevant in Decentralized Finance (DeFi).

The Concordium Basis will develop and implement a good governance construction that enables the challenge to evolve over time. It signifies that CCD holders will finally have on-chain voting powers in Concordium’s decentralized governance. 

CONTACT: Sigal Biran-NagarVP Advertising[email protected] +972 54 9222 634

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SOURCE Concordium