Occam.fi token $OCC to launch on SwissBorg app

Trading opens on Thursday in what is the first micro-cap token SwissBorg will be listing in the app

Occam.fi’s token $OCC will be listed for the very first time on the SwissBorg app, in a milestone development for the DeFi ecosystem.

SwissBorg has solidified its status as one of the leading European cryptocurrency exchanges, recently hitting 500,000 verified users, and its partnership with Occam.fi is one where investors will be able to purchase the $OCC token on the app with 16 different fiat currencies.

Ahead of Thursday’s launch Occam.fi’s head of communications, Elliot Hill, spoke to Coin Rivet, saying he anticipates a strong start.

“We expect it will bring huge liquidity and a range of new users to both our ecosystems,” he said.

“Any supported asset can be instantly swapped for another on their app, which means essentially $OCC can now be purchased directly with BTC, BNB, ETH, and a whole host of other altcoins.”

SwissBorg, who recently spoke to Coin Rivet on their project, is based in ‘Crypto Valley’ – Zug in Switzerland – as well as Occam which makes it a good fit for a partnership. However, Hill says the potential to give users access to other projects building on Cardano was an important part of the decision.

“Their focus on regulatory compliant and user-friendly crypto trading is important, especially given that they are yet to list any Cardano-based assets other than $OCC,” he said.

$OCC Treasury

SwissBorg and Occam.fi will work on opening a $OCC Treasury that will allow the app users to earn yields on the $OCC token and OccamRazer IDO tokens.

Genesis Premium members of the app will be rewarded with the yields, including some of the IDOs that has launched on Cardano.

Hill spoke on how significant the treasury could be for app users as well as both projects.

“This may include staking rewards, or our ‘CED’ rewards which are distributed in the tokens of projects which launch through us,” he explained.

“This would deliver exposure for both projects and the Cardano ecosystem as a whole to a much broader range of crypto users.”

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

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