Gemini Adds New DeFi Tokens to Its Platform

Gemini Adds New DeFi Tokens
1. Alethea AI (ALI)
2. TrueFi (TRU)

According to a tweet by Gemini, it will be supporting two new DeFi tokens i.e. ALI and TRU. Once it lists the tokens, users can start depositing and holding.

Gemini Adds New DeFi Tokens

Gemini announced that it is now supporting two new DeFi tokens. The new tokens are ALI and TRU. From 14th June, all Gemini users can deposit and hold ALI and TRU. Users can trade these tokens with Gemini's API/FIX and ActiveTrader apps now open for USD trading. Besides GBP, SGD, USD, EUR, HKD, and CAD, they will also be offered on the Gemini official website and Mobile App on an ongoing token-by-token premise.

Gemini is currently supporting over 110 different tokens. Gemini will keep supporting the DeFi ecosystem's development with these new coins. They hope to achieve their goal of liberating people's financial, artistic, and personal freedoms in the future. They are also happy to assist new cryptocurrency initiatives.

Alethea AI (ALI)

Alethea Artificial Liquid Intelligence, or Alethea AI, is a site that allows users to convert their NFTs into iNFTs that reside in Noah's Ark. The soul, body, and mind are the 3 parts of an iNFT, each of which provides different attributes to the iNFT. The iNFTs created by Alethea can be used as digital partners, meditation aids, coaches, and more. Users can submit data sets that educate their iNFTs' interactions to improve their iNFTs. ALI is an Ethereum network-compliant ERC-20 utility coin. When converting their NFTs into iNFTs, clients must lock ALI on the Alethea AI protocol. ALI is also a transaction token. It lets clients start tipping or buying iNFTs while giving them access to AI services.

TrueFi (TRU)

TrustToken introduced the TrueFi protocol in November 2020. It is a DeFi lending system that offers uncollateralized cryptocurrency loans. Potential borrowers sign up for a TrustToken account. They will have to meet the KYC/AML requirements. TRU holders are responsible for deciding whether to authorize loans after applying. It is an Ethereum network-compliant ERC-20 utility coin. On the TrueFi protocol, the token is mostly utilized for governance. Lenders deposit stablecoins into the TrueFi lending pools and portfolios help generate TRU.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Crypto Exchange Gemini Alethea AI ActiveTrader app TrueFi protocol

Gemini Adds New DeFi Tokens to Its Platform

Ify Egede

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