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
Recommended
- Press releaseBitget lists Telegram-based Action Driven Game RabBitcoin (RBTC) on Pre-market Victoria, Seychelles, 6th September, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has listed RabBitcoin (RBTC) on its pre-market trading platform, offering users early access to the game’s token before it becomes available to the broader public. RabBitcoin is an action-driven clicker game where players engage in a variety of battles and quests to earn crypto rewards. By training their rabbit heroes, players can unlock unique digital assets and advance in the game, creati2024-09-06
- Press releaseBitget Introduces MXN Deposit Option via SPEI, Powered by Swapple, for Seamless Crypto Purchases Victoria, Seychelles, 6th July, 2024 - Bitget, the leading cryptocurrency exchange and Web3 company, has announced its strategic partnership with Swapple to provide seamless and secure crypto payment solutions for Mexican Pesos (MXN) via SPEI. With the integration, Bitget aims to simplify the process of buying crypto for users in Mexico, offering them a fast, secure, and affordable way to deposit MXN and convert it into cryptocurrencies. SPEI is a payment system in Mexico that enables users to2024-09-06
- Press releaseBitget's Protection Fund Maintains Above Commitment at $390M in August 2024 Despite Market Turbulence Victoria, Seychelles – September 5, 2024 – Bitget the leading cryptocurrency exchange and Web3 company, continues to highlight its commitment to user asset security with the latest update of its Protection Fund for August 2024. Despite a month marked by significant market volatility, Bitget's Protection Fund maintained an average valuation of $390.7 million, substantially surpassing the company’s original $300 million commitment. The Protection Fund, established in De2024-09-04