Bitfinex to List ATH: Aethir's Native Token

Jessie A Ellis  Jun 08, 2024 10:21  UTC 02:21

0 Min Read

Bitfinex, a leading digital asset trading platform, has announced it will be among 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.

About Aethir and ATH Token

Aethir operates as a decentralized physical infrastructure network (DePIN) that delivers high-speed and scalable enterprise-grade cloud services. This infrastructure is essential for resource-intensive applications such as Bitcoin mining and artificial intelligence. By moving away from centralized models, Aethir can effectively distribute computational resources, serving enterprise clients across various industries and regions.

The native token, ATH, plays a pivotal role within the Aethir ecosystem. It provides numerous utility options to its holders, including payment for cloud gaming and AI services, governance voting rights, and staking opportunities. The total supply of ATH tokens stands at 42 billion.

Bitfinex’s Strategic Move

Henry Child, Head of Tokens at Bitfinex, emphasized the strategic importance of this listing. “Aethir’s innovative approach to distributed cloud computing is a crucial component of addressing the high-performance GPU shortage that is so consequential to the technology industry,” he stated. “We at Bitfinex are excited to add ATH to our diverse slate of digital asset offerings.”

According to the announcement, deposits for ATH are expected to open at approximately 10:00 AM UTC on 10th June 2024, subject to network conditions. Trading is scheduled to commence at 10:00 AM UTC on 12th June 2024, contingent upon liquidity requirements being met. ATH will be tradable against US Dollars (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’s terms of service. U.S. persons, among other prohibited individuals, are strictly prohibited from holding, owning, or operating an account on Bitfinex.

About Bitfinex

Founded in 2012, Bitfinex is recognized for offering state-of-the-art services to traders and global liquidity providers. The platform boasts a suite of advanced trading features and charting tools, along with access to peer-to-peer financing, an OTC market, and margin trading for a wide range of digital tokens. Bitfinex focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the globe.

For more information, visit Bitfinex’s official website.

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