June 3 Bitfinex among first exchanges to list TAIKO, Taiko's native token
ROAD TOWN, British Virgin Islands – 3rd June 2024 – Bitfinex (https://www.bitfinex.com), a leading digital asset trading platform, today announced that it will be one of the first exchanges to list TAIKO, the native token of Taiko, an Ethereum-based layer 2 network focused on scalability.
First launched in 2022, Taiko is a ZK-Rollup equivalent to Ethereum, meaning it uses Zero-Knowledge Rollup technology to scale Ethereum by processing multiple transactions in batches, thereby reducing costs and increasing speed . As a layer 2 solution, Taiko runs on top of the Ethereum main chain, providing enhanced scalability while retaining the decentralized, permissionless, and secure nature of Ethereum. Taiko states on its website that to date, they have run six testnets involving over 1.1 million unique wallets, over 30,000 submitters, and over 14,000 approvers.
As a native token on Taiko, TAIKO offers holds several functions, including governance voting rights, that underpin Taiko's deployment solutions and generate returns for proponents and approvers.
“We are excited to add TAIKO to our extensive lineup of listed tokens,” said Henry Child, Head of Tokens at Bitfinex. “At Bitfinex, we are proud to support developers who prioritize decentralization and scalability, because these principles are essential to the future of web3.”
Depots for TAIKO are expected to open around 10:00 UTC on June 4, 2024, subject to network conditions. Trading is expected to begin around 1:00 p.m. UTC on June 5, 2024, subject to liquidity requirements being met. TAIKO will be tradable for US dollars (TAIKO/USD) and Tether tokens (TAIKO/USDt).
To access TKO on Bitfinex, customers can visit https://www.bitfinex.com/.
*All users of www.bitfinex.com are subject to the Bitfinex Terms of Service (“TOS”). Please note that U.S. Persons (as defined in the TOS), among other Prohibited Persons (as defined in the TOS), are strictly prohibited from directly or indirectly owning, owning, or operating an Account (as defined in the TOS) on www.bitfinex. .com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering industry-leading services to global traders and liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC marketplace, and margin trading for a wide selection of digital tokens. Bitfinex's strategy focuses on providing unprecedented support, tools and innovation to experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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