Bitget Announces Listing of Taiko (TAIKO) on PoolX Staking Platform
Press release
Victoria, Seychelles
Jun 7
, 2024 - Bitget, a leading global cryptocurrency exchange, is pleased to announce the
listing of Taiko (TAIKO) on its innovative PoolX staking platform. PoolX offers investors a unique opportunity to earn rewards for popular tokens through hourly payouts based on their stake holdings. This strategic listing expands Bitget's staking offerings and provides exposure to a high-growth project within the burgeoning Layer 2 ecosystem.
Unlike other DeFi staking products, PoolX empowers users to earn rewards on in-demand tokens by leveraging stable and trusted assets such as USDT and BGB (Bitget's native token). This approach minimizes volatility risk while delivering potentially attractive returns. Since its launch in April 2024, PoolX has established itself as a prominent staking platform, facilitating the listing of over 20 projects and fostering a diverse staking environment for investors.
Bitget's decision to list Taiko on PoolX is grounded in the project's compelling attributes. Notably, Taiko boasts a robust financial foundation, having secured $37 million in funding from prominent industry participants. This financial backing signifies the project's potential for sustained growth and development. Furthermore, Taiko's development of an EVM-equivalent zk rollup Layer 2 network demonstrates exceptional technical expertise. This technology offers the potential for faster transaction processing and reduced fees compared to conventional blockchains, potentially benefiting both project developers and users.
"We are excited to welcome Taiko to the PoolX platform," said
Gracy Chen, CEO of Bitget. "This listing aligns with our commitment to providing investors with innovative solutions to maximize their returns. By combining PoolX's user-friendly staking mechanism with Taiko's high-growth potential, we empower our users to capitalize on the expanding Layer 2 landscape."
The Taiko project fosters a vibrant and engaged community, further solidifying its position as a rising star within the Layer 2 space. While currently in the testnet phase, the project's upcoming mainnet launch is highly anticipated by the crypto community.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 25 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and many more.
For media inquiries, please contact:
[email protected]
2024-06-07
Recommended
- Press releaseBitget lists Bitsmiley (SMILE) on Innovation, BTC Ecosystem and DeFi Zone for Spot Trading Victoria, Seychelles, 1st November, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company has listed Bitsmiley (SMILE) in the Innovation, BTC Ecosystem, and DeFi Zone, with trading set to commence on 6 November 2024. This listing aligns with Bitget’s ongoing mission to broaden market accessibility to pioneering blockchain projects, offering users exposure to emerging DeFi protocols on the Bitcoin network. With this development, Bitget is expanding its range of supported assets in2024-11-01
- Press releaseTelegram Trends Point to Crypto Boom in Africa and Eastern Europe, Bitget Research Reveals Victoria, Seychelles, 30th October 2024 — Bitget Research, the research arm of the world's leading cryptocurrency exchange and Web3 company Bitget, released a comprehensive study showing the correlation between growing crypto-related Telegram activity and global cryptocurrency adoption. The data points to Africa and Eastern Europe as key regions for crypto user acquisition, driven by the increasing use of Telegram. The study also highlights the significance of Telegram dat2024-10-30
- Press releaseBitget Named Among Top 12 Finalists for Digital Currency Exchange of the Year at Australia’s 2024 Blockies Awards Victoria, Seychelles, 31st October, 2024 - Bitget the leading crypto exchange and Web3 company has been selected as a finalist in the Digital Currency Exchange (DCE) of the Year category at Australia’s 2024 Blockies Awards. Only 12 finalists were announced for this competitive category among more than 400 registered crypto exchanges in Australia’s $552 million DCE market. The Blockies Awards, officially known as the Australian Blockchain Industry Awards, is an annual event celeb2024-10-31