HitBTC integrates EOSDT and the NUT Token
HitBTC is integrating EOSDT, the world’s first EOS-based decentralized stablecoin, and NUT, the native utility token for the Equilibrium cryptocurrency framework. EOSDT will be available to trade in BTC, ETH, EOS, DAI, and USDT pairs and NUT will be available in BTC, EOS, and USDT pairs.
EOSDT enters circulation when Equilibrium users collateralize their liquid digital assets. EOSDT offers a variety of applications, including hedging market risks, providing fiat-like quotes for currency pairs on crypto exchanges, and making online payments with merchants that accept cryptocurrency.
Equilibrium’s NUT asset is the framework’s utility currency, and it plays an important role in the framework’s processes. For example, NUT holders have the right to take part in Equilibrium’s decentralized governance, mainly by voting for changes to the parameters that drive its processes. For example, Equilibrium users can vote for block producers on the EOS blockchain to receive a staked portion of Equilibrium’s collateral. NUT is also used for paying fees. To close their positions, users must repay their staked collateral as well as pay an admin fee that accrues in NUT. This utility token furthermore gives access to discounted collateral.
Learn more about EOSDT’s and NUT’s uses here. You can generate your first EOSDT through Equilibrium’s self-service gateway and start trading it on HitBTC.
Check out Equilibrium’s blog, where they usually share announcements: https://blog.eosdt.com/