Concordium has officially listed CCD, its native token, on major crypto exchanges Bitfinex and BitGlobal, Invezz learned from a press release. Trading of the public, proof-of-stake blockchain’s token opens on February 10 and 11.
CCD token trading will first start on Bitfinex. It opens at 10:00 AM CET today. On BitGlobal, trading will open same time tomorrow.
Bitfinex was established a decade ago, making it one of the first cryptocurrency exchanges. It offers a suite of diverse, highly advanced trading features, unparalleled support level, and high quality charting tools.
BitGlobal offers security mechanisms on par with the highest international standards and a user-friendly digital asset ecosystem with increased liquidity. The exchange aims to make it possible for everyone to trade, take part in, or otherwise contribute to the digital asset space.
Spot trading followed by exchange for leading assets
Only spot trading of CCD will be supported at the beginning. Eventually, users will be able to exchange CCD for Ethereum, Bitcoin, and Tether on Bitfinex and BitGlobal. Concordium will add more exchanges to its list of places to trade CCD with time, increasing its liquidity and use cases.
Pay in CCD for apps and cover transaction fees
The native token of Concordium can be used to pay validator node fees as well as to pay for applications via the blockchain’s technology. The fees are deterministic and euro-stable. No surprises can be expected.
Inbuilt ID layer to meet regulatory requirements
Concordium has an inbuilt identification layer to meet regulatory requirements. It is classified by the Swiss Financial Market Supervisory Authority as a payment token. Users can utilize it for collateralization and settle transactions on-chain.
The CCD token will focus on decentralized fintech, innovation and regulated DeFi. It will power different ecosystems running on its blockchain.
Unique smart contract environment
Concordium has deployed a unique smart contract environment with a fungible and non-fungible token standard. The blockchain offers real finality with low transaction fees.
It is stable in fiat terms. In the near future, CCD token holders will be able to vote on-chain and take part in its decentralized governance.