DigixGlobal adds Ethereum-based DGD tokens to Hong Kong Gatecoin and China Yunbi exchanges

Rage Review : DigixDAO DGD tokens released by DigixGlobal have been officially added to Hong Kong Gatecoin and China Yunbi exchanges, which means Gatecoin has become the first Ethereum-based token and paves the way for other Ethereum-based tokens that want to appear on the exchange's digital currency list. Gatecoin has become an exchange recognized by the community, all thanks to the exchange's easy operation and the credit of the reputable team.

Translation: Nicole

Gold token platform DigixGlobal has recently completed a successful crowdfunding campaign for its DigixDAO token, bringing Ethereum-based assets to a well-established exchange in Hong Kong, China.

DigixGlobal’s DigixDAO DGD token has been officially added to Gatecoin, a Hong Kong-based blockchain asset custodian financial institution. Gatecoin plans to add DGX tokens (Ethereum’s gold standard currency) to its list of digital currencies in the near future.

Founded in 2013 by former investment bankers, Gatecoin is a licensed money service operator in Hong Kong. The Gatecoin exchange currently adds Bitcoin and Ethereum to its list of tradable currencies, which also includes fiat currencies such as Hong Kong dollars, euros, U.S. dollars and soon Chinese yuan.

Meanwhile, DigixDAO’s DGD token will appear on Yunbi.com, China’s largest Ethereum blockchain asset exchange. Yunbi is a next-generation blockchain asset exchange founded in 2013 and currently headquartered in Beijing, China. This year’s DevCon 2 will be held in Shanghai, and Ethereum founder Vitalik Buterin personally introduced crypto 2.0 to China, which is now thriving in China.

Qiu Liang

Yunbi, formerly Peatio Exchange, is China’s largest Ethereum exchange, with an average daily trading volume of around $1.2 million and more than 20,000 registered users worldwide. Yunbi co-founder and COO Qiu Liang said:

“Yunbi wants to be the most influential blockchain asset exchange in China. We are very interested in integrating more Ethereum-based assets such as DGD tokens. We hope that the first one on the list will be a turnaround, and it is also a recognition of the progress of the digital asset industry.”

Aurelien Menant, co-founder and CEO of Gatecoin, said:

“More and more ‘blockchain assets’ like DAO tokens are built on Ethereum platforms like DigixDAO, which has the potential to disrupt the real world. We are very proud to have tokens traded on the DigixGlobal platform and hope that the platform will enable wider participation in DAOs.”

Gatecoin added Augur's token REP to the list in November 2015 and is currently traded on exchanges as an IOU contract. With the huge success of DigixDAO tokens on the DigixGlobal platform, which triggered a wave of crowdfunding, this integration with Ethereum is based on the standard token application programming interface (API), allowing Gatecoin to first select new tokens that can adapt to the market.

DigixGlobal is an LBMA approved gold standard token platform built on top of Ethereum, and recently conducted a successful crowdsale for DigixDAO (Decentralized Anonymous Exchange) in March 2016. It raised $5.5 million in 12 hours, attracting many exchanges to add the DGD token to their list. Previously announced decentralized exchange OpenLedger will also add the DGD token to its list.

Kai C. Chng, Co-founder and CEO of DigixGlobal said:

“Gatecoin has become an exchange that is well-recognized by the community due to the ease of use and the reputable team behind the exchange. We are excited not only to be the first Ethereum-based token, but also to pave the way for other future Ethereum assets that want to have their tokens listed on the exchange like Gatecoin.”

DigixDAO (DGD) token holders can use their tokens to support or oppose applications developed on Ethereum that may directly or indirectly increase the number of DGX gold tokens on Ethereum. The ether raised by DigixDAO does not belong to or is not controlled by DigixGlobal, but belongs to the DGD token holders themselves.

Anthony Eufemio, Chief Operating Officer of DigixGlobal said:

“The blockchain can record any activity that occurs on the blockchain. As a reward for being part of DigixDAO, DGD token holders can claim rewards from the transaction fees collected by DigixDAO’s DFX Gold transactions. DigixDAO can collect a transaction fee of 0.13 for transactions with DGX on the blockchain.”

Shaun Djie

Shaun Djie, Co-founder and Head of Business Development at DigixGlobal, added:

“The integration of accepting exchanges will change the face of the digital world. The integration of Ethereum assets between other exchanges will gradually increase, especially when Ethereum tokens emerge. Digix welcomes all opportunities that arise in the community.”