Details about Alibaba Tokenized Stock Defichain cryptocurrency
Alibaba Tokenized Stock Defichain
DBABA
1+ (click to see list)
€1,993
12.362
Unknown
https://defichain.com/
@defichain
Alibaba Tokenized Stock Defichain price charts
DBABA exchanges
Alibaba Tokenized Stock Defichain, the crypto
Alibaba Tokenized Stock Defichain (DBABA) is a cryptocurrency that is backed by the stock of Alibaba Group Holding Ltd. The token represents a fraction of a share of Alibaba's stock, allowing investors to hold and trade the stock on the blockchain.
The point
The main point of DBABA is to provide a new way for investors to buy, sell, and trade Alibaba's stock. By creating a token that represents a fraction of a share, investors can purchase smaller amounts of stock without having to pay for a full share.
The problem
DBABA tries to solve the problem of high barriers to entry for investors who want to buy Alibaba's stock. By creating a tokenized version of the stock, investors can purchase smaller amounts of the stock without having to pay for a full share. This opens up investing in Alibaba's stock to a wider range of people and potentially increases demand for the stock.
Compare DBABA and BTC performance
Timeframe | DBABA | BTC |
---|---|---|
1h change | -2.20755 % | -0.294715 % |
24h change | -3.36 % | -1.19248 % |
7 day change | 5.21 % | 5.30366 % |
14 day change | 1.93 % | -3.27009 % |
30 day change | -16.97 % | -12.4444 % |
200 day change | 144.24 % | 103.467 % |
Year change | 10.2 % | 131.936 % |