Press release. The Bitcoin.com exchange is excited to announce the listing of STAK, available for trading. 7 June 2021 On 10:00 AM UTC. STAK was created by the Jigstack team as a driver and as its governance token, comprising a variety of specialized DeFi protocols under one Jigstack umbrella. Will start business with STAK USDT as a Pair.
What is Jigstack?
Jigstack is a decentralized autonomous organization that controls a portfolio of Ethereum network assets and protocols. All assets posted under the Jigstack brand are audited, non-custodial, trustworthy and secure. By standardizing a uniform quality with a high performance and flexible application, users around the world can manage their finances with confidence and comfort, knowing that their assets are safe and under their complete control.
What is STAK Token?
The term DAO stands for “Decentralized Autonomous Organization” and can be described as: An open-source blockchain protocol, governed by a set of rules created by its elected members, that automatically performs certain tasks without the need for intermediaries. Software or governance reform proposals, DAO directives, financial remuneration for service providers, vendor selection, etc. are all handled by community participation. The DAO’s up to the present day have focused on specific types of protocols, be it lending platforms, NFT art marketplaces, decentralized exchanges or leveraged yield farming platforms, all working with the same product. Huh.
Jigstack, on the other hand, aims to create a structured system to exist within the DAO, Using $STAK as your governance token, which includes various specialized DeFi protocols Under a jigstack umbrella. Using strategic partnerships, such as Hedera Hashgraph building its protocol and its own in-house flagship DeFi product, Jigstack posts The DAO of DeFi itself will be the brand name.
Danish Choudhary, CEO of Bitcoin.com exchange, shared his thoughts on Jigstack and their respective token stacks: “The team at Jigstack is run by some of the greatest developers in the area, and with their current and upcoming partnerships, the platform will be considered one , even currently in its infancy. Their objective is clear, to control a range of high quality, revenue-generating network solutions on the Ethereum blockchain, and with plans for further interoperability, this one There is a project to keep an eye on.
Choudhury added: “We are very excited to see how Jigstack will continue to empower its vision to become a DAO for DeFi, and gain more reach with our excellent community on the exchange.”
Jigstack COO Robbie Weir also expressed excitement with the listing: “We are excited to be listed on the bitcoin.com exchange. Their team has been very helpful throughout the process and we now look forward to seeing Stack in the hands of more people.” are hoping.”
About the Bitcoin.com Exchange
The mission of the bitcoin.com exchange is to empower people around the world, from first-time traders to advanced trading professionals, to trade cryptocurrencies with ease and confidence. With high liquidity, 24/7 multilingual support and dozens of trading pairs, along with a high level of security, we provide an attractive platform to trade any cryptocurrency. Within a year of launch, on average, our exchange has been visited by over 500K active traders per month, and that number keeps on increasing as you read this sentence.
Jigstack’s vision to bring back completeness, simplicity and understanding to the users. The Jigstack protocol aims to do this by developing a suite of productive flagship DeFi products that are all governed under a decentralized autonomous organization (DAO). Jigstack is deployed as the DAO of DeFi. The platform is a “one stop shop” for everything, and on top of that, it provides an interactive and interesting interface for the users to easily understand each product and how to interact with it, thus Can be exposed to the DeFi ecosystem. in a safe and effective way.
This is a press release. Readers should do their due diligence before taking any action regarding the Promoted Company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
image credit: Shutterstock, Pixabay, WikiCommons