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:
media@bitget.com
2024-06-07
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up nowRecommended
- Press releaseBitget Launches TraderPro Season 4 with Grand Prize of 10,000 USDT Victoria, Seychelles, 30th December 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of TraderPro Season 4, a premier campaign to spotlight top traders and reward outstanding performance. Participants in this competitive event have the opportunity to win significant rewards, including a Grand Prize of up to 10,000 USDT for elite trading achievements. Bitget’s TraderPro campaign introduces a2024-12-30
- Press releaseBitget Introduces PoolX – BGB Carnival with four airdrops Victoria, Seychelles, 30th December 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, is excited to announce a PoolX Carnival Event to celebrate the merger of its ecosystem tokens, Bitget Token (BGB) and Bitget Wallet Token (BWB). This campaign has aligned with Bitget's commitment to delivering continuous benefits and a broad range of exclusive privileges to all users. Bitget ecosystem has achieved significant growth, securing its position as one of the largest CEX ecosyste2024-12-30
- Press releaseBitget Completes First-Ever Burn of 800 Million BGB Tokens, Reducing Supply by 40%Victoria, Seychelles, 30th December 2024 – Bitget, the leading cryptocurrency exchange and Web3 company has successfully completed the initial burn of its native Bitget Token (BGB), reducing the total supply by 40%. This strategic move involved burning 800 million BGB tokens, effectively decreasing the total supply from 2 billion to 1.2 billion tokens. The burn process was executed by transferring the tokens to a designated burn address, ensuring their permanent removal from circulation. The dis2024-12-30
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowBecome a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now