HBTC will list STAKE and open the trading of STAKE/USDT on September 3, please see the schedule as follows:
Deposit & Withdrawal Start: 11:00, September 3, (UTC+8)
Trading Start: 16:00, September 3, (UTC+8)
xDai Chain is a USD stable blockchain launched through a collaboration between the MakerDAO Foundation and POA Network. It is also a sidechain compatible to Ethereum that uses xDai (a stablecoin issued with value 1-1 pegged to Dai on Ethereum) as the native token for payment and gas, and governs through a new Proof-of-Stake algorithm — POSDAO via a chain-agnostic staking token named "STAKE".
\xDai Chain avoids the necessity of holding ETH to pay for gas on Ethereum, rather, transactions and fees on the sidechain are paid with a single token, allowing for fast, cheap payments. This unique feature also makes applications built for payments and DeFi easily deployable. In the future, this model will be further extended to stable coins besides Dai and blockchains other than Ethereum, whereas STAKE will continue to serve as a governance token for these initiatives.
White Paper: https://forum.poa.network/t/posdao-white-paper/2208
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
September 3, 2020