Bitget brings TeleportDAO (TST) to Poolx for users to stake BGB and mine TST

Victoria, Seychelles, June 27th, 2024, Chainwire


Bitget, the leading cryptocurrency exchange and Web3 company, announced the listing of TeleportDAO based TST tokens on PoolX for users to reap stake-to-mine benefits. Deposits for TST are now open and trading for the TST/USDT pair will be available from June 27, 2024, 08:00 UTC. Users participating on PoolX for TeleportDAO can stake BGB to mine TST. The mining period runs 9:00 AM UTC, 27th June to 9:00 UTC, 7th July, 2024. With a total of 300,000 TST available in the BGB pool, rewards will be distributed based on the proportion of BGB staked by each user relative to the total staked BGB.

TeleportDAO works as a trustless interoperability protocol that provides an infrastructure for developers to build cross-chain applications. TeleportDAO serves as a bridge between blockchains, enabling secure and efficient cross-chain communication. This allows applications on one chain to access data from another, facilitating the development of advanced cross-chain applications. TeleportDAO aims to streamline the creation of innovative cross-chain applications, enhancing the interaction between smart contracts on different chains.

PoolX, Bitget's cutting-edge staking platform, continues to revolutionize the crypto landscape by distributing rewards hourly based on staked amounts. Unlike most decentralized staking products, PoolX allows users to effortlessly earn popular tokens by staking stable and trusted cryptocurrencies such as BGB, BTC, ETH and USDT. Since its debut on April 8, PoolX has launched over 40 selected projects including the recent hot tokens such as Ethermail (ENT), ArtFi (ARTFI), ZkSync (ZK), with a total stake amount accumulated to over $1 billion.

With a focus on providing users with opportunities to invest in potential projects, Bitget is now one of the top 10 crypto spot trading platforms with over 900 coins and 1000+ pairs. Bitget continues to lead in the crypto derivatives market, with its Open Interest (OI) indicator surging past $6 billion last month, securing a substantial 25% share of the total market. In the past 30 days, Bitget recorded the highest monthly inflow among all centralized exchanges, with $1.3 billion in new capital, strengthening its position as an industry leader.

For more information about TST tokens initial listings, users can visit here.

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 Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet


Contact
Public Relations
Simran
Bitget
media@bitget.com

Comments

Post a Comment

Popular posts from this blog

Immutable and MetaStudio Announce Partnership to Enhance the Gaming Metaverse

Image
Braga, Portugal, May 22nd, 2023, Chainwire MetaStudio , a renowned Portuguese game studio, has announced a new partnership with Immutable , a leading Ethereum Layer 2 scaling solution provider, aimed at transforming the gaming metaverse. MetaStudio has been recognized for its innovative games and games-as-a-service offerings, along with their unique non-fungible token (NFT), Rune Realms , which offers holders a chance to partake in a 10% revenue share in the studio's earnings. By integrating with Immutable's Layer 2 blockchain infrastructure, MetaStudio can provide players with a dynamic gaming experience and unique benefits such as zero gas fees for peer-to-peer trading and secure ownership of in-game assets. Immutable is an ideal partner for us," said Carlos Domingues, CEO of MetaStudio. "Their Ethereum Layer 2 solution enables us to offer our players genuine ownership of their in-game assets and the ability to profit from their gameplay. And their upcoming passport...
Read more

Bitcoin $30K bets greet FOMC as analyst warns over long liquidations

Image
Bitcoin may celebrate no matter what the Fed decides on interest rates, but the extent of longs that would be liquidated below $20,000 has one analyst worried. Bitcoin (BTC) may “take out shorts” to crack $30,000 during the day’s key United States macroeconomic policy updates, analysis says. As bets pile up over how BTC price will react to the Federal Reserve’s decision on interest rates, $30,000 is in sight — but a drop to below $20,000 is not off the table. Trader plans $30,000 profit-taking Bitcoin is hours away from what popular trader Crypto Tony calls “one of the most anticipated” Fed meetings ever. The Federal Open Market Committee (FOMC) will decide on how to tweak baseline Interest Rates on March 22, amid suspicions that the ongoing U.S. banking crisis has disrupted policy. From ongoing rate hikes forecast just last month, Markets are now considering the chances that the Fed will pause the cycle, data from CME Group’s FedWatch Tool shows. Fed target rate probabilities chart. ...
Read more

Bitcoin payments exec shares adoption challenges in the Philippines

Image
Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines. As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payment provider shared how in other parts of the world, adoption may still be in its early stages.  At the BTC Prague event, Cointelegraph reporter Joseph Hall interviewed Ethan Rose, the founder of Pouch, a wallet service that supports the Bitcoin Lightning Network in the Philippines. The duo spoke about the state of adoption in the country and how the Pouch team is trying to introduce Bitcoin to merchants on the island of Boracay, a popular tourist hotspot in the country.  According to Rose, their team has already managed to onboard around 250 businesses within the island and 400 businesses in the country. Their team is working to promote Bitcoin adoption in the country by offering merchants another way to attract customers. “They're not really...
Read more