New Delhi: Plenty, a leading decentralized exchange and automated market maker (Dex & AMM) on the Tezos blockchain, has joined forces with the Tezos Domains team to ensure a smooth launch of the Tezos Domains (TED) token. Tezos Domains is a crucial element of the Tezos ecosystem and a key driver behind the thriving non-fungible token (NFT) market. The upcoming launch of the TED token will see Tezos Domains transition to a decentralized autonomous organization (DAO) governance model. The Tezos Domains team plans to distribute the TED token to the community via an airdrop method, similar to what Plenty Network successfully executed prior to its own launch.
As a part of the partnership, Plenty will feature TED bribes and pools, with especially boosted PLY bribes for the first two weeks of launch on its platform, which will encourage liquidity and trading volume. Tezos Domains will utilize the Plenty platform to offer TED bribes that incentivize market-making and liquidity growth of the TED token, benefitting existing and new holders. Plenty will also put a bribe for TED token pools in PLY and Tez both, making the TED pools the most rewarding in the market.
“We are thrilled to partner with Tezos Domains to support the successful launch of the TED token,” Bernd Oostrum, Co-founder of Plenty Labs. “This collaboration will significantly boost the Tezos ecosystem and enable a new wave of innovation within the NFT market.”
“We are genuinely excited to have the opportunity to partner with Plenty Network for the upcoming launch of the Tezos Domains DAO,” Andrew Paulicek, Co-founder of Tezos Domains. “This partnership is a significant milestone in our journey as it not only strengthens our position in the market but also provides an unparalleled platform for growth and innovation. Moreover, this partnership signifies our shared commitment towards enhancing the Tezos ecosystem. We’re thrilled to be contributing to the ecosystem’s growth through the launch of the TED token.”
The TED token will launch exclusively with initial liquidity on the Plenty exchange, providing a solid foundation for trading and exchange. With the listing on Plenty, the TED token will be immediately available on major price-tracking platforms, including Coingecko. The plenty team will also help launch a Plentyv3(Uniswapv3 alike) pool, once it is ready, for TED tokens for greater capital efficiency, which will make trading of TED tokens more lucrative even with relatively smaller liquidity.
About Plenty
Plenty is a decentralized exchange and automated market maker (Dex & AMM) built on the Tezos blockchain. The platform offers fast, secure, and low-cost trading for a wide range of digital assets, including NFTs. Plenty is designed to empower Tezos users with fast, secure, and low-cost trading services, providing them with greater control over their assets.
About Tezos Domains
Tezos Domains is a domain registrar and hosting service built on the Tezos blockchain. The platform offers secure, decentralized, and censorship-resistant domain names and websites for users on the Tezos blockchain. With the launch of the TED token, Tezos Domains is transitioning to a DAO governance model, enabling community-driven decision-making and development.
About Tezos India
Tezos India is a blockchain adoption startup based in Bengaluru and funded by Tezos Foundation to grow the Tezos ecosystem in India. As a vibrant community, Tezos India actively supports developers, entrepreneurs, and enthusiasts, offering resources, education, and opportunities to collaborate on groundbreaking blockchain projects. Tezos India is committed to leveraging the Tezos network’s secure and scalable infrastructure to unlock new possibilities and drive transformative change. https://tezosindia.org.in/
