June 3 Bitfinex is one of the first exchanges to list Taiko’s native token, TAIKO.
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, Taiko’s native token focused on Ethereum-based layer 2 networks. About scalability.
First launched in 2022, Taiko is the ZK-rollup equivalent of Ethereum. This means using zero-knowledge rollup technology to scale Ethereum by batching multiple transactions, reducing costs, and increasing speed. Taiko, a layer 2 solution, operates on top of the Ethereum mainchain, providing improved scalability while maintaining the decentralized, permissionless, and secure nature of Ethereum. Taiko stated on its website that to date it has run six testnets with over 1.1 million unique wallets, over 30,000 proposers, and over 14,000 approvers.
TAIKO, Taiko’s native token, provides holders with several features, including governance voting rights, support for Taiko’s rollup solutions, and monetization for proposers and approvers.
“We are very excited to add TAIKO to our wide range of listed tokens,” he said. This is Henry Child, Head of Tokens at Bitfinex. “At Bitfinex, we are proud to support developers who prioritize decentralization and scalability. These principles are essential to the future of web3.”
TAIKO deposits are scheduled to open around 10:00 AM (UTC) on June 4, 2024, depending on network conditions. Trading is scheduled to begin at approximately 1:00 PM UTC on June 5, 2024, subject to meeting liquidity requirements. TAIKO can be traded against US dollars (TAIKO/USD) and Tether tokens (TAIKO/USDt).
To access TKO on Bitfinex, customers can visit https://www.bitfinex.com/.
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