Details about Alibaba Tokenized Stock Defichain cryptocurrency
Alibaba Tokenized Stock Defichain
DBABA
1+ (click to see list)
€1,269
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 | 0.188343 % | -0.0939119 % |
| 24h change | 0.19 % | -0.776944 % |
| 7 day change | 1.48 % | -0.423738 % |
| 14 day change | -6.22 % | -5.27242 % |
| 30 day change | -13.69 % | -7.24073 % |
| 200 day change | 170.26 % | 128.555 % |
| Year change | -5.97 % | 132.267 % |