In a key move in the cryptocurrency sector, Tokenize Xchange, a leading digital asset platform, together with its sister company Titan Lab, a Web3 innovation expert, announced at Token2049 Dubai the launch of Titan Chain (https://titanlab. io/), also known as TKX Mainnet. This development marks a major advance in the Tokenize Xchange ecosystem and solidifies its position as a leading player in the digital currency arena.
Developed in collaboration between Tokenize Xchange and Titan Lab, Titan Chain is an innovative blockchain network designed on the Cosmos SDK that ensures full EVM (Ethereum Virtual Machine) compatibility and seamless interoperability with the Ethereum network. Created to address the prevalent issues of high transaction fees, scalability limitations, and limited interoperability in the Ethereum network, Titan Chain is emerging as a solution that aims to revolutionize the blockchain landscape.
Coinciding with the unveiling of Titan Chain, Tokenize Xchange is excited to introduce the Titan Lab Grant, an ambitious funding initiative of $100 million in TKX tokens. This grant is set to accelerate innovation and development on the Titan Chain and encourage developers worldwide to deploy their projects on this state-of-the-art platform. In addition, it extends the migration offer to existing projects and promises a blockchain ecosystem that is more efficient, scalable and interoperable.
Starting April 19, TKX, the Tokenize Xchange native token and formerly an ERC-20 token on the Ethereum blockchain, will transition to Titan Chain. The move marks a new chapter for TKX, increasing its utility as the primary medium for gas fees in the Titan Chain ecosystem.
Hong Qi Yu, CEO of Tokenize Xchange, expressed his enthusiasm for the future of blockchain technology: “The launch of Titan Chain and the introduction of the Titan Lab Grant underscore our commitment to advancing blockchain technology while supporting a more inclusive, efficient and developer ecosystem. By integrating the Cosmos SDK and ensuring EVM compatibility, we are solving the fundamental problems our community faces on the Ethereum network. Our goal is to lower barriers to entry, improve interoperability, and drive innovation, making Titan Chain the go-to platform for developers around the world.”
Using the Cosmos SDK and EVM compatibility, Titan Chain's architecture brings numerous advantages over conventional blockchain networks, including reduced transaction costs, increased scalability, better energy efficiency, and a customizable, developer-friendly environment. This strategic initiative aims to minimize dependency on network-wide modifications, simplify upgrades, and nurture a vibrant developer community that will ultimately benefit both developers and users.
For more information about Titan Chain, please visit https://titanlab.io/
About Tokenize Xchange
Headquartered in Singapore with offices in key Asian markets, Tokenize Xchange is a leading digital asset exchange platform. It offers a secure, user-friendly platform for trading a wide range of cryptocurrencies, serving both individual and institutional investors. With an emphasis on innovation, customer service and compliance, Tokenize Xchange is leading the way in shaping the future of finance globally. Its proprietary token, TKX, enjoys robust trading on major digital asset exchanges around the world.
For more information visit https://tokenize.exchange/
About Titan Lab
Titan Lab is at the forefront of Web3 innovation, committed to shaping the future of decentralized technology. As a sister company of Tokenize Xchange, a leading digital exchange platform, Titan Lab uses cutting-edge research and development to create solutions that empower individuals and organizations in the ever-evolving digital landscape. Our mission is to bridge the gap between traditional financial systems and the new era of digital finance, promoting accessibility, security and transparency in all our endeavors. Titan Lab is focused on delivering disruptive products and services that pave the way for a more connected and decentralized world.
For more information on Titan Chain and Titan Lab Grant, visit https://titanlab.io/.
Media Contact:
Grace Zhou
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