Bitrue support for Cardano native tokens is the next step in Cardano progress. Bitrue (BTR), a multi tool platform for trading, staking, and a cryptocurrency exchange, is now the first platform to provide support for tokens on Cardano blockchain.
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According to the Bitrue team official announcement, the exchange will support Cardano based tokens for the first-time.
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Bitrue writes:
“Bitrue will be the 1st exchange to support Cardano native assets. These are tokens built on the Cardano ADA chain, giving them great scalability, flexibility and speed. The 1st is OCC OccamFi support before the end of the month.”
Bitrue will be the 1st exchange to support #Cardano native assets!
These are tokens built on the Cardano $ADA chain, giving them great scalability, flexibility and speed. The 1st is $OCC @OccamFi support before the end of the month ? @Cardano
More: https://t.co/byVE9XAhAQ pic.twitter.com/bOuz5K7tTS
— Bitrue (@BitrueOfficial) July 19, 2021
The Bitrue team, emphasizes that adopting Cardano-based assets eliminates many bottlenecks in terms of performance and smart contracts availability.
Bitrue writes:
“Cardano Native Assets represent a third-generation solution for asset tokenization on a blockchain. This is due to the unique design of Cardano as a multi-asset ledger, where the technical complexities to both issue (minting), manage, and own a blockchain-based asset are greatly reduced. The multi-asset ledger is a cornerstone that enables Cardano to be a global financial operating system and serve as a platform for a multitude of businesses and applications to be integrated.”
Cardano-native tokens can be used in a variety of use cases, such as DeFi protocols and NFT markets, Governance projects are also possible with the help of Cardano-native tokens.
Occam.fi is the first Cardano-powered project that will list its OCC token on Bitrue Exchange (BTR).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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