Today, Bittrex Global, one of the world’s premier digital exchanges, announced that the exchange is exploring the integration and listing of FA1.2 and FA2 tokens on Tezos, one of the leading proof-of-stake blockchains with a promising combination of energy-efficiency, low transaction fees and seamless upgradeability. The announcement reflects a growing chorus of financial service institutions expressing their interest to offer digital financial products and long-term store of value on Tezos.
The Tezos blockchain protocol, a pioneer of Proof of Stake technology, is one of the original layer one blockchain networks to use staking to secure its network. Tezos benefits from low-gas fees, cross-chain utility, yield farming protocols, efficient DEXs, bustling NFT platforms, and more.
FA1.2 and FA2 are token standards on the Tezos blockchain that allow for the creation of unique assets relating to DeFi, NFTs, DAOs, and more. The integration and listing of FA1.2 and FA2 tokens on Bittrex would signify that a variety of tokens on the Tezos blockchain can be supported and integrated on the exchange.
Tezos has gained considerable popularity for its energy-efficiency, low transaction fees, and institutional-grade security. With over 6 million contract calls in January, Tezos is one of the fastest growing blockchain ecosystems. Active addresses on the network are at an all-time high of over 45,000, while active smart contract addresses have tripled from under 200,000 to over 600,000 over the past 12 months.
Notably, Tezos is one of the few blockchains in existence with on-chain governance, allowing community members to propose upgrades to the network to constantly evolve and meet the needs of its users without disrupting or splitting the network. To date, Tezos has seen more upgrades done through this on-chain mechanism than any other blockchain in existence.
As one of the world’s premier digital exchanges, Bittrex Global is committed to driving innovation in the digital asset space and is committed to giving promising projects the ability to raise funds, market and launch their IEO, distribute tokens and generate awareness for their project across the industry. Token listings from Bittrex Global follow a thorough review and close examination of project innovation, token issuer due diligence, token economics, supply unlock schedule, use of proceeds, project roadmap, strategic partnerships, market interest and community engagement.
Learn more about Bittrex Global at global.bittrex.com/