A $5 million private sale of its native Delta Exchange Token (DETO), has been concluded by Delta Exchange, a cryptocurrency derivative platform and which opens the way for a larger adoption of its retail derivatives marketplace.
In the private sales some reputable firms in decentralized finance participated and they are Kyber Network, Aave Ventures, Lunex ventures, BR Capital and other took part in the sale.
$88,2 Billion is the current total market capitalization of DeFi project and which marked an increase of 12.5 % on the day.
The liquidity mining and trade farming features, supposedly making the first offering of liquidity pools on centralized derivatives platform, has been announced by Delta Exchange, which is In addition to its token launching. Immediately after the launching of the token, DETO/USDT trading pair will go live.
Delta Exchange is powered by DETO which is an ERC-20 utility and reward toke. Making it look same with DeFi automated market maker, DETO utilizes market-making pool for liquidity, though with some important differences.
The exchange has increased its revenues, trading volumes and customer acquisition for the past year and has been integrated across the value chain of exchange as posited by the Delta Exchange CEO, Pankaj Balani.
Pankaj Balani further said that:
“It will help boost liquidity via liquidity mining, it will help increase volumes via attractive cashback and it will help build customer loyalty as DETO can be used to pay trading fees, at higher of market price or MSP (minimum support price).”