Gate.io Lists Tezos Domains Token (TED) and Announces Airdrop Program
Gate.io has recently revealed that it will be listing the Tezos Domains token (TED) on its centralized exchange starting from October 10, 2023. This comes shortly after the exchange announced its “startup project free airdrop program.” The TED token is a governance token that grants users in the DAO control over smart contracts and the treasury, including 100% of the revenue.
Tezos Domains is a decentralized naming system built on the Tezos blockchain. According to Gate.io, this announcement has garnered attention from investors worldwide.
Rewards for Traders on Gate.io
“To reward our users, Gate.io will offer traders 500,000 TED tokens in cumulative shared prizes. VIP and GT users may also receive additional token airdrop benefits,” said Ethan Herlihy, the marketing lead for Tezos Domains.
The details regarding token distribution ratio, startup sale roles, participation rules, and other specifics can be found in the event announcement provided by Gate.io.
Staking Rewards and Integration with Other Platforms
TED token holders have the opportunity to stake their tokens, which grants them voting power and generates staking rewards. Gate.io has been an active platform since 2021 with over 150,000 active users. It boasts seamless integrations with platforms such as PlentyDEX, Kukai Wallet, Temple Wallet, and more.
“The launch and success of the TED token will contribute to our goal of achieving decentralized governance,” stated Andrew Paulicek, founder of Tezos Domains.
Hot Take: Gate.io Embraces Tezos Domains Token (TED)
Gate.io’s listing of the Tezos Domains token (TED) and the announcement of its airdrop program demonstrate the platform’s commitment to embracing innovative blockchain projects. The TED token, as a governance token, offers users control over smart contracts and the treasury, fostering decentralization. With the rewards and benefits offered to traders, Gate.io aims to incentivize user participation and engagement. The integration of Tezos Domains with other platforms further enhances its accessibility and usability. This collaboration between Gate.io and Tezos Domains sets a positive precedent for future partnerships within the crypto industry.
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