DEAPcoin, the native currency of the Digital Entertainment Asset Pte. Ltd. (DEA) ecosystem, has made its way to Huobi Global. DEAPCoin plays a key role in the PlayMining ecosystem, which focuses on bringing GameFi solutions to a broader audience. Having the token listed on one of the world’s biggest exchanges marks a significant milestone for the project.
DEAPCoin is a utility token that is a crucial cog in DEA’s PlayMining GameFi platform. Users can earn these tokens by playing games and sue the asset to acquire non-fungible tokens. Millions of users have flocked to the PlayMining ecosystem so far, as it serves over 2.3 million players in over 100 countries. Gamefiying finance is one of the prominent industry verticals in cryptocurrency today.
Furthermore, the PlayMining ecosystem is home to the popular play-to-earn game JobTribes and NFT marketplace PlayMining NFT. Parent company DEA has established these avenues to illustrate how anyone can earn money and create value by having fun. Entertainment and fun are crucial parts of our daily lives, and not everything needs to be strict or cumbersome.
Although users could acquire DEAPCoin from BITPOINT since January, getting listed on Huobi Global is of a different order. The Singaporean crypto-asset exchange is one of the global leaders in the cryptocurrency industry. Moreover, Huobi Global has become the fourth-largest cryptocurrency exchange for trading volume, making it a prominent partner for DEA and DEAPCoin.
Per the Huobi Global listing, users can trade DEAPCoin against Tether’s USDT, the world’s leading stablecoin. The DEP/USDT pair went live on June 30 and has generated over $350,000 in daily trading volume so far.
DEA CEO and Founder Naohito Yoshida adds:
“We are very pleased to list DEP on Huobi Global, the world’s leading Singapore-based crypto exchange. I would like to thank everyone involved in the process. DEA’s mission to globally expand “Play to Earn” and Huobi Global’s strategy to lead the crypto asset industry with its strong global reach fit well together. On June 11, 2022, Huobi Global announced the creation of “Ivy Blocks”, a new investment division to deal with DeFi (decentralized finance) and Web3 projects. Also, it acquired a Latin American crypto exchange “Bitex” in May 2022, seeking to expand into the Latin American market, thus we are very much looking forward to the future development of the company.”
The exchange listing represents a significant project milestone for DEA and paves the way for bringing DEAPCoin to other global trading platforms. DEA has embarked on a global expansion to make play-to-earn opportunities more accessible globally. Having Huobi Global as an alliance partner is a positive step in the right direction.
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