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Bittrex explores FA1.2 and FA2 token listing on Tezos

By:
on Feb 15, 2022
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  • FA1.2 and FA2 token standards enable the creation of unique assets relating to DeFi, NFTs, DAOs
  • Tezos has yield farming protocols, low gas and transaction fees, efficient DEXs, and cross-chain utility
  • Many financial services are expressing an interest to offer digital financial products on Tezos

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Bittrex Global, one of the leading global digital exchanges, is exploring the integration and listing of FA1.2 and FA2 tokens on Tezos (XTZ/USD), Invezz learned from a press release. Tezos is a leading proof-of-stake blockchain with a promising combination of energy-efficiency, low transaction fees and seamless upgradeability.

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More and more financial service institutions are expressing an interest to offer digital financial products and long-term store of value on Tezos.

Creating unique DeFi, NFT, DAO assets

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The FA1.2 and FA2 token standards enable the creation of unique assets relating to DeFi, NFTs, DAOs, and more. The integration and listing of FA1.2 and FA2 tokens would mean Bittrex can support a large number of tokens on Tezos blockchain.

Tezos has low gas fees, cross-chain utility, energy efficiency

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Tezos pioneered the environmentally friendly Proof of Stake technology. It is one of the first layer one blockchain networks to secure its platform via staking. It also benefits from yield farming protocols, low gas and transaction fees, efficient DEXs, cross-chain utility, and popular NFT platforms, energy efficiency, and institutional-grade security.

Tezos is among the fastest growing blockchains

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Tezos is among the most rapidly growing blockchains with over 6 million contract calls in January alone. Active addresses have peaked at over 45,000. Over the past year, active smart contract addresses have more than tripled – from under 200,000 to over 600,000.

One of the few ecosystems with on-chain governance

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Tezos is one of the few blockchains that allow community members to propose upgrades to the network. It has seen the most upgrades done through this on-chain mechanism of all blockchains.

Bittrex drives innovation in digital assets

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As a leading global digital exchange, Bittrex Global aims to drive innovation in the digital asset space. It is dedicated to promising projects, giving them the ability to draw attention to their project industry-wide, raise funds, launch and market IEO, distribute tokens, and more.

The exchange’s token listings come after a close inspection and thorough review of project innovation, token economics, token issuer due diligence, supply unlock schedule, project roadmap, use of proceeds, strategic partnerships, community engagement, and market interest.

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