TeleportDAO
Cross-Chain Settlements Become Easy, Fast, and Secure.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $2.5m | Seed | |
| Total Funding | 000k | ||
Related Content
TeleportDAO is a decentralized protocol that facilitates the bridging of Bitcoin (BTC) and BRC-20 tokens to EVM blockchains. The protocol's main product is TeleSwap, a decentralized cross-chain settlement protocol that enables users to trade Bitcoin assets with ERC-20s in a cost-efficient and fast way.
TeleSwap is built on top of TeleportDAO and is designed to work between programmable and non-programmable blockchains. The protocol has a native token, TST (Teleport System Token), which is used for utility, security, and governance. The total supply of TST is 1,000,000,000 tokens.
TeleportDAO has also developed TeleOrdinal, a platform for listing and acquiring Bitcoin NFTs (Ordinals). The TeleportDAO bridge is used to verify the inclusion of Bitcoin transactions, which ensures that no fake or manipulated transactions will be processed by TeleSwap.
Keywords: Bitcoin, BRC-20, EVM blockchains, cross-chain settlement, decentralized protocol, NFTs, Ordinals, tokenization, bridging, trading.