RioDeFi India Bridge strengthens with Bitbns: RFUEL and OM trading starts on Bitbns today
Tags: Blockchain, Cryptocurrency

RioDeFi India Bridge strengthens with Bitbns: RFUEL and OM trading starts on Bitbns today Bitbns Follow Sep 28 · 3 min read

Hi everyone

RioDeFi is creating a payments ecosystem that builds bridges between traditional finance and the digital asset services universe. At the heart of this ecosystem is RioChain. Built on Parity’s Substrate framework and interoperable with the Polkadot network, it stands to become a leader in cross-chain DeFi services.

RioDeFi has set its sights on India as a key growth market as the Indian crypto ecosystem has seen a boom, with reports suggesting that cryptocurrency utility has seen a 400% uptick and 10x growth in users on exchanges. The surge in alternative payment methods has been fueled by the overturn of the banking ban on crypto by the Indian Supreme Court in March of 2020. India is fast becoming a major market for digital assets as the use of mobile technology expands alongside interest in alternative asset classes. RioChain is poised to be the preferred blockchain ecosystem for India developers and users alike.

We are pleased to announce launch of RFUEL and OM trading

Deposits start at 6:45 PM IST

Open orders start at 7:30 PM IST

Trading starts at 8:30 PM IST

Withdrawals would be started 5:00 PM IST tomorrow

Commenting on the launch of trading James Anderson, the CEO at RioDeFi, this decentralized future for India’s population is a milestone in the company’s journey: “India is the world’s fastest growing major economy, yet its financial and payment infrastructures are still underdeveloped, especially compared to neighboring China. DeFi solutions seem ideally suited to service the Indian people, and I believe RioDeFi will play a major role in expanding the reach of blockchain and cryptocurrencies there. Partnering up with Bitbns is a major milestone on our way to achieving this vision.”

Gaurav the CEO at Bitbns said, “We are pleased to augment the trading options for our users by introducing RFUEL and OM for our users. RioDefi team is building some fantastic Defi applications on RioChain and we are glad to partner with them in this journey.”

About RioDefi:

RioDeFi is creating a payments ecosystem that builds bridges between traditional finance and the digital asset services universe. At the heart of this ecosystem is RioChain. Built on Parity’s Substrate framework and interoperable with the Polkadot network, it stands to become a leader in cross-chain DeFi services.

RioChain comes ready-made with a comprehensive suite of tools. Rio Wallet is accessible from either a smart phone or web browser, enabling users to store a wide variety of digital assets. Rio Block Explorer allows anyone to easily monitor the network, view transactions, and check wallet balances.

RioChain is a public Blockchain built on the Parity Substrate framework and fully compatible with the POLKADOT network.

You can find more about RioDefi in the links below

https://riodefi.com/

About MantraDAO:

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MantraDAO is a DAPP on Riochain

MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to grow wealth together.

Currently both the tokens are ERC20 and going forward would move to the polkadot ecosystem.