SundaeSwap (SUNDAE) Listed on Bitrue Exchange
Leading crypto exchange Bitrue continues to foster the adoption of crypto to mainstream users with the addition of innovative projects. Following the launch of its yield farming hub some weeks ago, Bitrue has listed decentralized trading protocol SundaeSwap on its trading platform.
SundaeSwap Listed on Bitrue
SundaeSwap (SUNDAE) will go live on Bitrue from February 14th, 2022 (PST) with the listing of SUNDAE/USDT trading pairs. SUNDAE holders will be able to deposit, trade and withdraw their tokens on Bitrue.
SundaeSwap (SUNDAE) is a decentralized trading protocol operating on the Cardano network, which has attracted the attention of crypto enthusiasts since its launch in January 2022. During the week leading up to its launch, the price of Cardano native token ADA spiked by 50%.
Since then, SundaeSwap has established itself as the dominant player in the Cardano DeFi ecosystem. It has more than $80 million locked within its smart contract and a 95% dominance of the Cardano DeFi market making it one of the top tokens in the crypto ecosystem.
The listing of SUNDAE is huge as it will expose the token to more than 2 million users globally and foster its adoption.
Adam O’Neil, Chief Marketing Officer of Bitrue, is of a similar opinion. “SUNDAE, in particular, is a coin that we are excited to throw our weight behind. It is the first project to utilize the new smart contract functionality of Cardano, and ideologically, it is a leader in providing fair financial services through decentralized networks to users worldwide,” he noted.
Bitrue: A leading player in the crypto industry
As one of the oldest cryptocurrency exchange, Bitrue has become the standard on-ramp for crypto investors. It offers a wide variety of products, including an advanced trading platform, CeFi features and a wallet for retail investors.
Bitrue is also the pioneer of centralized finance products with the introduction of Power Piggy in 2018, which provided users with a way to save their digital assets in return for interest. Since then, the exchange has lived up to the billing with the launch of its native token BTR and other financial products.
BTR token serves as a yield token for holders providing access to financial products like BTR vote and yield farming hub. BTR vote is a governance system that enables BTR holders to show support for new projects aiming to be listed on the trading platform. Once the project is listed, voters are provided with a 7-day staking period to mint the new coins as incentives.
The yield farming hub is an exciting financial product launched by Bitrue some weeks ago in partnership with several crypto projects. Bitrue enables liquidity providers to stake their assets in supported pools for up to 60% APR yields.
The SundaeSwap (SUNDAE) listing is a great one for the exchange and shows its commitment to offering users the very best crypto products and projects on its trading platform.