Cryptocurrency Industry News

DeFi Platform Lif3 Expands Territory with BitFinex Listing, Move to Ethereum and Support for Esports

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Written By: Michael Abadha
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    Summary:
  • Lif3 has built an ecosystem for DeFi, gaming, esports, investment and trading, and the Bitfinex listing exposes it to a wider market.

$LIF3 (pronounced Life), an innovative and comprehensive omni-chain DeFi Layer-1 Curated Blockchain ecosystem, which has just migrated from Fantom to the Ethereum Network, has listed on Bitfinex. Thanks to Bitfinex’s listing, professional traders now have access to a first-rate exchange for trading $LIF3.

This announcement is in line with Lif3’s mission of making cryptocurrencies more accessible and user-friendly with the Lif3 Mobile App, making it easier for consumers to enter the DeFi market. The platform enables users to conduct off-ramping, investing, trading, gaming, and get exclusive access to events.

Lif3 opened up for deposits from 1:30 PM UTC on January 23, 2024. LIF3 has been paired against USD (LIF3/USD) and Tether tokens (LIF3/USDt) and trading started on January 25, 2024, at 3:30 PM UTC.

What’s Lif3?

Lif3.com is a self-custody wallet, curated layer-1 blockchain, and omni-chain DeFi ecosystem that enables the entertainment, iGaming, and consumer DeFi industries to tap into the full potential of Web3.

Lif3 is now available on Polygon, BNB Chain, Fantom and Ethereum blockchains, and its full suite of products encompasses an entire meticulously run ecosystem.

The Ethereum switch

After previously running on Fantom Network, the Lif3 protocol has now moved to Ethereum. This has significant implications in terms of the $LIF3 token’s market accessibility and trading convenience. As far as the Lif3 team is concerned, the move simplifies the buying process for customers, makes LIF3 more accessible, and opens the door to future development and expansion.

Moving to Ethereum also means building on a network with more user numbers, which means more visibility and possibly more transactions per day. Therefore, this shift is all about leveraging Ethereum’s strengths to make it easier for Lif3 users to acquire $LIF3 and to increase the stability of DeFi transactions.

From the onset, Liff3 was out to provide a safe and easy way for DeFi users to interact and invest. The Lif3 team saw a need to streamline onboarding and provide a single platform for all things DeFi.

Lif3 in esports

Lif3 has also set its eyes on esports and has partnered with MetaNews and obtained an official license from Krafton for the PUBG mobile competition Super Cup. The tournament is scheduled to begin on January 26 and end on January 29, 2024.

The Lif3 ecosystem has an in-built esports architecture, designed to connect casual players, fans, and their favourite esports organisations through Web3.

This post was last modified on Jan 26, 2024, 09:25 GMT 09:25

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha