Designed as an open-source, digital identity protocol provider for DeFi to offer authentication, storage, and payments, PhoenixDAO has announced its strategic partnership with BarterTrade, a leading cryptocurrency exchange. The two integrating firms will lay joint efforts to disrupt the crypto space by offering the best-in-class services and products for the users. The teams took to their Twitter handle to release an official post for the community which read:
— PhoenixDAO (@phnxdao) July 28, 2020
According to the collaboration agreement, PhoenixDAO and BarterTrade will channelize an array of new services focused on enhancing the overall user experience.
We are excited to announce a strategic partnership with @phnxdao, a blockchain solution suite for everyone. PHNX will join the first batch of tokens to be traded on Barter Trade upon launch. PhoenixDAO protocol suite will also be used where applicable. pic.twitter.com/mjl0cTsWwr
— Barter Trade (@bartertradeio) July 28, 2020
The salient aspects of the crypto deal include:
- Token Listing- PhoenixDAO’s native token PHNX will be listed on BarterTrade exchange at the launch of the network.
- Protocol Integration- The teams will frame strategies regarding the usage of PHNX protocols infused in the BarterTrade system. The PHNX token employment shall be adopted where ever possible with an intent to enrich the users.
- Promotional activities- Both the partners will give in their expertise and knowledge to expand themselves as well as the partner firm. The BarterTrade Battlegrounds will be included in the PhoenixDAO ecosystem which is likely to promote both the networks in the community.
Launched in 2017, BarterTrade is a modernized, innovative, and highly efficient digital assets trading platform. It is a 21st-century trading solution that offers the most secured, transparent, and reliable interface for traders. The platform aspires to encourage the usage of cryptocurrencies and blockchain by making it more accessible and seamless. The reliable user interface or BarterTrade Pie feature supporting first of its kind order types which in turn facilitates easy trading. With this option, BarterTrade allows automated trading through its bot. The exchange allows a plethora of options to socialize with fellow traders so that the users can trade, learn, and earn at the same time. The users can enjoy an intriguing gaming experience by participating in the multiple tournaments organized on the exchange and win big rewards for themselves.