AllianceBlock, a decentralized capital market protocol, today announced the listing of its ALBT token on Bitfinex, a popular crypto trading exchange. The AllianceBlock protocol is a decentralized, blockchain-agnostic layer=2 that automates the process of converting any crypto-asset into a bankable product.
A multi-functional utility token that forms the backbone of the AllianceBlock Protocol, ALBT acts as the main medium of exchange within the AllianceBlock ecosystem.
ALBT incentivizes inclusion, participation, and growth within the AllianceBlock ecosystem by acting as a reward system for those that contribute value, helping to maintain the network by running a node or delegating tokens (and voting power) to pre-existing nodes.
“ALBT is now available for trading on Bitfinex immediately. This is yet another step in achieving our goal of bridging decentralized and traditional finance. We are delighted to offer ALBT to a wider audience. The AllianceBlock community is a vital part of our ecosystem. We look forward to building on our successes in the coming months.”
– Rachid Ajaja, CEO and Founder of AllianceBlock