Bitfinex Launches Fantom Ecosystem Tokens Hector Network (HEC), Retreeb (TREEB) SpookySwap (BOO)
in Media Releases
ROAD TOWN, British Virgin Islands – October 14th 2022 – Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token trading platform, announced today that it will be listing SpookySwap (BOO), Hector Network (HEC) and Retreeb (TREEB), providing customers with access to pivotal tokens in the Fantom ecosystem, a high-throughput, open-source smart contract platform for digital assets and decentralised apps (dApps).
SpookySwap is a decentralized exchange (DEX) that uses an automated market-making (AMM) protocol. As the first native Fantom AMM and DEX, SpookySwap allows customers to swap tokens with zero deposit or withdrawal fees. Using SpookySwap requires no sign-up, customer information or data collection. When customers provide liquidity, they are able to collect a portion of the swap fee and receive BOO, the SpookySwap governance token.
HEC is the native utility token of the Hector Network, a decentralized protocol that is also the official partner of Bundesliga football team, Borussia Dortmund. Hector Network is an ecosystem of blockchain products that include Hector Institute, a lending platform that allows customers to use their Hector-compatible tokens to receive loans, the TOR stablecoin, which is the network’s decentralized stablecoin and Hector DEX, the network’s decentralized exchange (DEX) that enables customers to swap tokens.
Retreeb is a decentralized point-of-sale application that says it channels one third of its network fees towards funding social and solidarity projects. Through Retreeb, customers can complete transactions and 33% of the network fee from every transaction will go to a social and solidarity project that the customers themselves choose through the application.
“We are delighted to welcome SpookySwap, Hector Network and Retreeb, which all play an important role in the flourishing ecosystem of Fantom,” said Paolo Ardoino, CTO at Bitfinex. “The addition of these digital tokens will add to the growing diversity of tokens available on Bitfinex, and give our customers added options for their crypto portfolio.”
“Bitfinex is a leading digital token platform, and its decision to list Fantom project tokens is a sign of both the incredible success that builders on Fantom enjoy and the maturity of projects in our ecosystem,” said Michael Kong, CEO at Fantom. “SpookySwap, Hector Network, and Retreeb have brought ambition, drive and incredible community engagement to Fantom. Seeing them succeed validates the work we’re doing to support the developer community and build a platform that helps projects thrive. We look forward to their continued success.”
Fantom is among the largest decentralized finance (DeFi) ecosystems with $500 million total value locked (TVL) and more than 250 projects on its blockchain.
HEC, TREEB and BOO will be available to trade against US Dollar (USD) and Tether tokens (USDt).
For access to the Fantom tokens on Bitfinex, customers can visit https://www.bitfinex.com/.
Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market, and financed trading for a wide selection of digital assets. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
Media Contact for Bitfinex
Senior PR Manager