Yesterday, Ether Kingdoms announced their strategic collaboration with Bitfinex, one of the largest cryptocurrency exchange platforms. Effectively, IMP token holders will be able to trade their tokens on Bitfinex and seamlessly exchange them for USD.
Why Is This Big?
Ether Kingdoms' partnership with Bitfinex will significantly improve IMP token's liquidity and enable players to directly swap their IMPs for USD. According to the Ether Kingdoms official blog post, IMP trade volume per smart contract exceeds the trade volume of any DAapp in DGaming category, which is a significant achievement for the entire Ether Kingdoms community.
Interestingly, Ether Kingdoms is now the first DGame project listed on the Bitfinex exchange. Ether Kingdoms is very proud of this achievement, but so is Bitfinex, as the platform is clearly becoming more and more interested in bringing DGames and their respective tokens to the Bitfinex platform.
A Well-Timed Partnership
The Ether Kingdoms team has been doing a good job throughout 2019, pushing for constant updates and adding new content to the game. The most significant of all was the Far Realm update, which brought a new game mode to the players, together with new monetization options and in-game earning possibilities. With the Far Realm update also came new PvP events that tested the players’ skills and strategies.
Furthermore, the team recently added new PvE content by introducing raid bosses and monsters that randomly spawn in the game. Fighting monsters is not only fun but also rewarding, for they drop rare and valuable item artifacts that hold great power within them. Players can also acquire item sets by completing a new quest line or by purchasing items from the in-game shop.
What Is Bitfinex?
Bitfinex is an exchange platform where users can trade numerous cryptocurrencies and tokens, including BTC, ETH, EOS, LTC, and NEO. One thing that separates Bitfinex from many other exchanges is their leveraged margin trading through a peer-to-peer funding market, which allows users to seamlessly trade their currencies with up to 3.3x leverage.
Users can also earn interest on their fiat currencies and crypto assets by providing funds to those users who wish to trade with leverage. There's more to Bitfinex than this, of course! The platform is neatly designed, features a customizable interface, is considered to be highly secure and boasts a vast suite of tools that provide users with much-needed flexibility and optionality when it comes to trading.