The Ducato Finance Token (DUCATO), the native asset that connects the various decentralized finance (DeFi) services on the Ducato ecosystem, is now trading on ProBit Global.
Built on the Klaytn network, the open-source blockchain backed by the leading South Korean Internet company, Kakao, the Ducato ecosystem seeks to be all-encompassing. It offers financial services that include token exchange, interest farming, digital asset collateral issuance, stablecoin issuance, and NFT investment.
DUCATO powers the DeFi platform to achieve its combinability feature – the interconnectedness of decentralized apps (dApps) – as it is used to trade and pay fees across services of several dApps.
DUCATO is also a governance token, enabling DUCATO holders in different parts of the world to shape policies geared towards managing the Ducato Protocol, the user-focused virtual asset collateralized issuance service in the ecosystem, thereby ensuring its safety.
ABOUT DUCATO
DUCATO is the key currency of the Ducato ecosystem. As DeFi services continue to expand to be a key alternative to traditional finance, the Ducato ecosystem wants to make the management and investment of virtual assets more convenient for participants. DUCATO helps connect the various DeFi services in the ecosystem as the platform removes obstacles from financial infrastructures using blockchain technology and participant-centered governance.
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