Mimo, the governance token behind Mimo DeFi, is officially listed on Bittrex Global. In addition, PAR — Mimo’s first stabletoken which is algorithmically pegged to the Euro — is also listed. Its appeal to users of Bittrex comes from both owning the platform Mimo is built on as well as utilizing the native currency for those located in Europe.
This marks Mimo’s largest centralized exchange listing to date and enables a wider audience to trade the Mimo and PAR tokens.
PAR is exclusively minted in relation to loans on Mimo DeFi, the beginner-friendly lending platform that Mimo token holders help govern. PAR tokens are therefore collateralized by assets accepted on Mimo DeFi.
Nick Calabro, growth manager at Mimo, said that joining the Bittrex lineup is the first step in a series of bullish updates to come out of the project before the end of the year.
“It’s been an exciting past few months for Mimo and its tokens. 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 this stability to more users,” said Calabro.
“We’re confident that traders on the exchange will value what we’ve built with PAR both as a means to stabilize their portfolio in hedging another nation’s currency, and joining us as we introduce more tools like this as we expand,” Calabro added.
Bittrex is a compatible partner with Mimo as it is one of the most secure platforms and wallet infrastructures that give users easy access to an array of products and services.
The pairs available for trading include two for PAR and one for Mimo:
PAR/BTC and PAR/USDT
Trading opens on June 18, 2021.
For media inquiries, please contact:
Marketing and PR at Mimo