Tokenize Xchange Powers Up with a US$100 Million Developer Grant and Launch of Titan Chain
Tokenize Xchange, a leading digital asset platform, has made a significant move in the cryptocurrency sector by announcing a US$100 million developer grant alongside the launch of Titan Chain, also known as the TKX Mainnet. This development, unveiled at Token2049 Dubai, solidifies Tokenize Xchange’s position as a frontrunner in the digital currency arena.
The Titan Chain, a blockchain network developed in collaboration between Tokenize Xchange and Titan Lab, is designed on the Cosmos SDK with full EVM compatibility and seamless interoperability with the Ethereum network. This innovative solution aims to address challenges such as high transaction fees, scalability constraints, and limited interoperability on the Ethereum network, revolutionizing the blockchain landscape.
To support innovation and development on the Titan Chain, Tokenize Xchange has introduced the Titan Lab Grant, a US$100 million funding initiative in TKX tokens. This grant encourages developers globally to deploy their projects on the platform and offers existing projects the opportunity to migrate, promising a more efficient, scalable, and interoperable blockchain ecosystem.
Starting April 19, TKX will transition from being an ERC-20 token on the Ethereum blockchain to the Titan Chain, enhancing its utility as the primary medium for gas fees within the ecosystem. Hong Qi Yu, CEO of Tokenize Xchange, expressed his excitement for the future of blockchain technology and the potential of Titan Chain to address core issues faced by the community on the Ethereum network.
The architecture of Titan Chain, leveraging the Cosmos SDK and EVM compatibility, offers advantages such as reduced transaction costs, increased scalability, better energy efficiency, and a customizable, developer-friendly environment. This strategic initiative aims to simplify upgrades, nurture a vibrant developer community, and benefit developers and users alike.
For more information about Titan Chain and Tokenize Xchange, visit https://titanlab.io/ and https://tokenize.exchange/. Contact Grace Zhou for Tokenize Xchange at grace@rafflespr.com.sg.
