The Singapore-based CEX listing new tokens
The Singapore-based cryptocurrency exchange BYDFi has recently added several new tokens to its platform. These tokens come from various backgrounds, making them an interesting addition to the exchange. Bloomberg has recognized BYDFi as one of the top 10 crypto exchanges this year.
Jito Network (JTO)
Jito Network is a protocol built on the Solana blockchain that offers liquid staking. When you stake SOL on Jito, you receive JitoSOL, which represents your stake and staking rewards. Additionally, Jito Network incorporates maximal extractable value (MEV) rewards, which can be used to optimize rewards and prevent spam and failed transactions.
The JTO token, a governance token of Jito Network, recently gained attention due to a significant airdrop. It has maintained a price around $3 and currently holds the second-highest total value locked (TVL) on Solana with $644 million.
Bonk (BONK)
BONK is a meme token that entered the Solana ecosystem during a challenging period for the chain. Despite fluctuating prices, BONK experienced a surge in December, increasing by 406% in the last 30 days. Major exchanges have since listed BONK, including BYDFi. The current price of BONK is $0.00002033.
MultiBit Protocol (MUBI)
MultiBit Protocol is a service-providing protocol on Bitcoin that enables cross-chain functionality and brings Ethereum’s DeFi features to Bitcoin. It also facilitates the integration of BRC20 tokens and ORDI into other chains like EVM network and BNB chain.
MultiBit Protocol offers various options such as DeFi for BRC20 tokens, Ordinals Automated Market Maker (OAMM), liquidity farming, and a stablecoin. The MUBI token, launched in November, has seen a 1,641% price increase in the last 30 days and is currently priced at $0.319.
Conclusion
BYDFi continues to add new and interesting tokens to its platform. The three tokens highlighted in this article, Jito Network (JTA), Bonk (BONK), and MultiBit (MUBI), offer unique features and opportunities for crypto enthusiasts. However, it’s essential to conduct thorough research and exercise caution when investing in high-risk assets like cryptocurrencies.
Hot Take: BYDFi Expanding Token Listings
The Singapore-based cryptocurrency exchange BYDFi is making waves in the crypto market by continuously expanding its token listings. With the addition of Jito Network (JTA), Bonk (BONK), and MultiBit (MUBI) to its platform, BYDFi is providing users with a diverse range of options. These tokens offer various features such as liquid staking, meme token capabilities, cross-chain functionality, and more. As BYDFi gains recognition as one of the top crypto exchanges of the year, it remains committed to offering exciting opportunities for crypto investors.
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