Bitfinex, a leading digital asset trading platform, announced that it will be one of the first exchanges to list ATH, the native token of Aethir, a decentralized cloud infrastructure provider specializing in AI and gaming, according to a statement from Bitfinex.
Aethir and ATH token information
Aethir operates as a Decentralized Physical Infrastructure Network (DePIN) that provides high-speed, scalable, enterprise-grade cloud services. This infrastructure is essential for resource-intensive applications such as Bitcoin mining and artificial intelligence. Aethir breaks away from a centralized model and can effectively distribute computing resources to serve enterprise customers across a variety of industries and geographies.
ATH, the native token, plays a pivotal role within the Aethir ecosystem. It offers a variety of utility options to holders, including payments for cloud gaming and AI services, governance voting rights, and staking opportunities. The total supply of ATH tokens is 42 billion.
Bitfinex’s Strategic Moves
Henry Child, Head of Tokens at Bitfinex, emphasized the strategic importance of this listing. “Aethir’s innovative approach to distributed cloud computing is a critical component in solving the high-performance GPU shortage posed to the technology industry,” he said. “Bitfinex is excited to add ATH to our range of digital asset products.”
According to the announcement, ATH deposits will open around 10:00 AM (UTC) on June 10, 2024, depending on network conditions. Trading is scheduled to begin at 10:00 AM UTC on June 12, 2024, subject to meeting liquidity requirements. ATH can be traded against the US dollar (ATH/USD) and Tether tokens (ATH/USDt).
Access and Regulations
To access ATH on Bitfinex, customers can visit the platform’s official website. It is important to note that all users of Bitfinex are subject to the platform Terms of Service. Among the banned individuals, U.S. persons are strictly prohibited from holding, owning, or operating an account on Bitfinex.
Introduction to Bitfinex
Founded in 2012, Bitfinex is known for providing cutting-edge services to traders and global liquidity providers. The platform boasts an array of advanced trading features and charting tools, along with access to peer-to-peer finance, OTC markets, and margin trading for a variety of digital tokens. Bitfinex is focused on providing unparalleled support, tools, and innovation to skilled traders and liquidity providers around the world.
For more information, please visit Bitfinex official website.
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