[PRESS RELEASE – Singapore, Singapore, 27th May 2021]
Jigstack ($STAK), a leading decentralized autonomous organization (DAO) that is governing a portfolio of Ethereum network assets and protocols is now listed on HitBTC, a leading European cryptocurrency exchange that offers a high level of liquidity. This marks a new beginning for the STAK token which is the native cryptocurrency of the Jigstack platform.
With a maximum supply of 3,000,000,000, the STAK token is an ERC20 token which users of the Jigstack network need for carrying out transactions on the platform as well as governance. “Jigstack’s aim is to create a structured system for the DAO to exist within, utilizing $STAK as its governance token while adding a range of DeFi protocols under its umbrella”. Said Roby Weir, founder of Jigstack.
STAK tokens were made available on HitBTC exchange as of 25 May 2021 at 2 pm UTC and trading will commence today, at 2 pm UTC on 27 May 2021.
The asset will be available to trade in two pairs, STAK/BTC and STAK/USDT. This means users would have to be holding either BTC or USDT to trade the STAK token on the HitBTC exchange.
Jigstack is building an ecosystem of different DeFi projects, including a launchpad, a staking solution, and a liquidity incentivization program that are compatible with both the Ethereum and Hedera Hashgraph networks, to position itself as the brand name for the DAO of Defi.
Jigstack’s vision to bring back wholeness, 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 single Decentralized Autonomous Organization (DAO).
Jigstack is positioned as the DAO of DeFi. The platform is the “One Stop Shop” for everything DeFi, and on top of that, it offers an interactive and interesting interface for users thereby allowing them to easily understand each product and how to interact with it, thus gaining exposure to the DeFi ecosystem in a safe and effective manner.
HitBTC, established in 2013, has a daily trading volume of over $1 billion, making it one of the largest crypto exchanges in the world. By getting listed on the exchange, STAK will now be available to millions of users of the platform. HitBTC is, no doubt, one of the best crypto exchanges in the market right now especially when it comes to trading Bitcoin and altcoins.
Being a veteran in the market and despite its longevity, HitBTC holds an enviable record of being among the few crypto exchanges that have never been hacked. Its advanced security and user experience have left many of its users satisfied with the quality of its services.