Cryptocurrency

Bittrex Global has Listed Decentralized Euro Stablecoin PAR and MIMO Governance Token

According to Mimo’s Growth Manager, Nick Calabro, this will be the first part of a series of bullish updates for the DeFi euro-stablecoin project.

With the new official listing of MIMO and PAR on Bittrex Global, this marks Mimo DeFi’s biggest listing on a CEX (centralized exchange) to date! This can only spell bullish signs for Mimo as its governance token (MIMO) and euro-stablecoin (PAR) gain greater access to a larger trading audience.

PAR is Mimo’s Ethereum-backed stablecoin that is algorithmically pegged to the Euro. It should appeal to Bittrex users who wish to buy into the Mimo ecosystem or for Europeans to use their native currency.

Each PAR is specifically minted in proportion to any loans on Mimo DeFi, and the lending platform is governed by MIMO token holders. Thus PAR tokens are the main asset collateral on Mimo.

The Growth Manager at Mimo DeFi, Nick Calabro, has said that entering the Bittrex lineup is part of a sequence of bullish updates that will come from the project before year’s end.

“It’s been an exciting past few months for Mimo,” gushes Calabro. “With all the news surrounding the dollar, PAR is an easy addition to many crypto portfolios I’m seeing and this listing on Bittrex is just another way to offer stability to more users.” 

Calabro added that, “We’re confident that traders on the exchange will value what we have built with PAR both as a means to stabilize their portfolio, hedging another nation’s currency, and joining us as we introduce more tools like this as we expand.” 

As one of the safest trading platforms with a secure wallet infrastructure, Bittrex is an ideal partner to Mimo, giving its users easy access to an array of products and services on its CEX.

At the moment, 2 trading pairs for PAR and 1 for MIMO are available on Bittrex:

PAR/BTC + PAR/USDT

MIMO/BTC

To read more about Mimo and PAR (Parallel protocol), please check out the official Mimo channels:

Website: https://mimo.capital

Telegram: https://t.me/mimodefi

Twitter: https://twitter.com/mimodefi

Bit Media

What's Bit Buzzin'

Share
Published by
Bit Media

Recent Posts

Get Your Business’ Finances Back On Track As Soon As Possible

If you are keen to make sure that your business is as successful as possible,…

2 hours ago

The Chronicles of Lynus Woo: Interests, Talents, and History

The Personal Trainers industry’s market size is valued at approximately USD $10.5 billion as of…

2 hours ago

What Are The Smart Ways To Save Money on Your Tech Gadgets?

The ideal thing that you can do right now is to find a clever method…

3 hours ago

CryptoSlots’ Success Expands with New Game “Go for Gold”

The global gaming industry is estimated to have a compound annual growth rate (CAGR) of 10.5%…

3 hours ago

How to fix a cracked laptop screen?

A laptop just doesn't have its advantages. Because of its mobility, it is also more…

3 hours ago

Micro Rockets – the Future of Space

A small launcher, or a micro rocket, is a small, lightweight spacecraft that can only…

4 hours ago