Tezos Foundation backed Tezos Domains announces Gate.io listing with 500,000 $TED competition.

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Gate.io has just announced a listing of Tezos Domains’ token (TED), shortly after announcing an ‘startup project free airdrop program’, with TED token meant to go live on the centralised exchange on 10th October 2023. 

Tezos Domains is a decentralised, open, and adaptable naming system on the Tezos blockchain. Tezos Domains – said the announcement is attracting investors from all over the

globe.

The trading pair will be live on Gate.io on 10 October 2023. 

“TED is a governance token, which will allow users in the DAO to control the smart contracts and the treasury, including 100% of the revenue,” Ethan Herlihy, the marketing lead for Tezos Domains, told Crypto Daily 

Gate.io, one of the world’s leading crypto exchanges, will offer traders 500,000 TED tokens in cumulative shared prizes, in order to reward its users on the platform, with VIP and GT users potentially receiving various token airdrop benefits. Token distribution ratio, startup sale roles, participation rules and further details are outlined in the event announcement.

Holders of TED – the Tezos Domains token – can also stake it which will enable voting power and generate staking rewards. The platform itself has been active since 2021 with over 150,000 active users, boasting seamless integrations with platforms like PlentyDEX, Kukai Wallet, Temple Wallet and more. 

“The launch and success of the TED token will help us achieve our goal towards decentralised governance,” said Andrew Paulicek, founder of Tezos Domains.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.