DeFiChain Blog

DeFiChain has been an extraordinary project, and the whole DeFiChain Labs team was honored to be a part of it. But all good things have to come to an end, and for us, that means handing over our responsibilities to new groups and individuals represented by the community. Since we took over the agenda from the Bake team almost a year ago, we always acted in a way that benefited the community. Sure, we could have been a bit "louder" and discussed things more thoroughly, but as the good old saying goes: “too many cooks spoil the broth." We initiated most things ourselves because, most of the time, there was simply no time left to discuss things for weeks. Going Above and Beyond for the Community One example of this was when a promised deal was not kept, and we suddenly found ourselves facing the decision of either keeping Kucoin as an exchange partner back in April or not.  Without much hesitation, we used our own funds - money that was intended to last us for a couple more...

The DeFiChain community needs to understand what's happening with our exchange listings. Recent weeks have brought challenging news that affects how and where DFI can be traded. Let's break down the situation. Gate.io Already Pulled the Plug Gate.io delisted DFI several weeks ago. The exchange cited insufficient market depth and wide bid-ask spreads as their reasoning. When Gate.io removed DFI, it triggered a domino effect. Bake stopped their swapping service for DFI on their platform. This removed another avenue for users to access DFI. Bitrue Follows Suit This past Sunday, Bitrue announced their own DFI delisting, wich will take place in the next days. Their justification? Low liquidity and trading volumes under $1,000 per day. The pattern here is clear. Exchanges want to see consistent trading volume and tight spreads. Without these metrics, tokens get the boot. KuCoin Presents the Biggest Challenge Here's where things get serious. KuCoin is looking at delisting DFI in t...