Bitget cryptocurrency exchange announced today the listing of TeleportDAO’s TST token on its innovative staking platform, PoolX. This listing allows users to reap the benefits of stake-to-mine rewards with the TST token.
Deposits for TST are now open, and trading for the TST/USDT pair will commence on June 27, 2024, at 08:00 UTC. Users participating in PoolX for TeleportDAO can stake BGB tokens to mine TST. The mining period will run from June 27, 2024, at 9:00 AM UTC to July 7, 2024, at 9:00 AM UTC.
A total of 300,000 TST tokens are available in the BGB pool, with rewards distributed based on the proportion of BGB staked by each user relative to the total staked BGB.
The Bitget team highlighted TeleportDAO’s role as a trustless interoperability protocol. TeleportDAO functions as a bridge between blockchains, enabling secure and efficient cross-chain communication.
This allows applications on one blockchain to access data from another, facilitating the development of advanced cross-chain applications.
TeleportDAO’s focus is on streamlining the creation of innovative cross-chain applications, ultimately enhancing interaction between smart contracts on different blockchain networks.
Bitget emphasized PoolX’s position as a revolutionary staking platform within the crypto landscape. PoolX distributes rewards hourly based on the amount of cryptocurrency staked.
Unlike other decentralized staking products, PoolX allows users to effortlessly earn popular tokens by staking established and trusted cryptocurrencies such as BGB, BTC, ETH, and USDT.
Since its launch on April 8, PoolX has introduced over 40 curated projects, including recent hot tokens like Ethermail (ENT), ArtFi (ARTFI), and ZkSync (ZK). Notably, the total stake amount on PoolX has surpassed $1 billion.
