On August 13, ProBit Exchange will be listing Askobar Network’s ASKO token with KRW and ETH trading markets.
With a focus on serving as the ultimate DeFi app marketplace with an emphasis on asset security and safety, Askobar Network addresses major issues such as insolvency risk that is inherent with any borrowing and lending platform as DeFi continues to grow by leaps and bounds.
The platform’s key feature is AskoLending, a unique system of tiered lending pools. Consisting of Tier 1 and Tier 2, this dual-tier layer serves as a risk absorbent by sharing the associated risks accordingly with Tier 2 taking on the greater risks but earning much higher interest rates. Investors looking to take on lower risk-lower rewards opportunities can also access the smaller, more volatile tokens due to the built-in risk-sharing mechanism.
This competitive edge enables Askobar to onboard other tokens such as Uniswap-based tokens that are accompanied with liquidity requirements by tapping into Proof of Locked Liquidity, which will also be a requirement for all tokens seeking out listing on the platform.
The recent partnership with Liquidity Dividends Protocol (LID) is a significant development as it integrates LID’s certification capabilities for automatic vetting to ensure that newer, legitimate tokens can be listed onto the platform.
The upcoming AskoStake Level 2 will enable users who stake for the current 30-day required duration to up their staking level and access 50% increased dividends. Staking for 30 days will also grant eligibility for the upcoming AskoDao governance protocol and establish ASKO as a full governance token while enabling ASKO holders to earn dividends from Asko dapps.
ProBit Exchange’s PROB token has continued to generate significant upwards growth with a recent report highlighting a 248.5% YTD increase in the native token which sits at $0.262 as of press time.
ABOUT ASKOBAR NETWORK
Our mission is to ensure that Askobar Network will be used internationally in De-Fi and Cryptocurrency space. A community-based project that drives the adoption of crypto which will attract newcomers to the industry.
ABOUT PROBIT EXCHANGE
ProBit Exchange is a global Top 20 crypto exchange in real daily trading volume that has successfully completed over 200 rounds of IEO. ProBit Exchange also features over 500 trading pairs – one of the highest in the market.
ProBit Exchange Key Figures
100,000+ community members
500,000+ monthly active users
2,500,000 monthly web visitors
40,000,000 users on partnering aggregators and wallets such as CoinMarketCap
Global outreach in 8 key languages & markets provided
Multilingual website supporting 31 different languages
Join our active programs and get a multitude of benefits!
- Trading Fee Discount: Buy PROB, pay trading fees with PROB & get as low as 0.03% trading fee
- Trade Mining: Stake 100,000 PROB and get back 100% of trading fees in PROB when trading BTC, XRP, and ETH pairs.
- Stake Mining: Stake PROB and earn PROB at a rate of 4% per annum
- Referral Program: Earn 10-30% of trading fees for referring friends to ProBit