Top crypto derivatives trading platform Flipster has announced that it has listed Tether Gold (XAUT) on its platform. The new token offers users more options to deposit, convert, and withdraw the gold-backed token.
XAUT is issued by TG Commodities. Chief Executive Officer of Flipster, Yongjin Kim, commented on the development. He stated that Tether has continued to be the leader in the stablecoin market, as it has maintained the highest market capitalization among its peers. The growth of blockchain technology has enabled more companies to spring up and compete in the digital market.
Flipster Is Launching Two Campaigns To Celebrate Tether Gold Onboarding
Kim said the company’s goal is to continue expanding blockchain adoption. Additionally, there is an increasing interest in real-world assets like gold being purchased on-chain.
Tether has placed itself in a position to take advantage of the trend and grow its offerings. It has now expanded its product offerings to include Tether Gold, which offers users a medium of entry and exposure to the stability of Gold.
Flipster stated that it will be launching two campaigns as a way of celebrating the introduction of Tether Gold on the platform. The campaigns, Tether Conversion Campaign and Tether Gold Launchpool will seek to reward users for their engagement and participation on the platform.
The Tether Conversion Campaign will offer rewards that allow users to earn up to 24% APR. There will also be other earning opportunities for the user.
The Tether Conversion campaign will begin on August 25 and close on September 8. The second campaign will feature a 60,000 USD prize pool for participants. There will be daily rewards of about 12,000 USDT when they stake XAUT and convert it to XAUT. The campaign will begin on August 20 and close on August 25, according to the announcement.
Flipster Will Continue To Give Users More Digital Asset Options
Flipster says the addition of Tether Gold to the platform is a statement that the firm wants to continue building on its reputation of offering top products for users. The firm says it will continue giving users more options in the digital asset world. The asset addition will give users more options for their portfolio of assets and tokens on the platform.
Kim said the company will continue offering access to the innovative assets, and to empower users to explore real-world asset opportunities. The new token has enhanced the platform’s appeal as a robust trading hub.