Bitcoin Cross-Chain Infrastructure TeleportDAO To Launch IDO On CoinList

According to Foresight News, TeleportDAO, a Bitcoin cross-chain infrastructure, is set to launch its Initial DEX Offering (IDO) on CoinList. The IDO will run from 1:00 on April 12 to 1:00 on April 19, with a token price of $0.075. The minimum participation amount is set at $100, with a maximum of $1000. Of the total tokens, 20% will be unlocked after 75 days, while the remaining 80% will be linearly unlocked over a period of six months. TeleportDAO was established in February 2022 and was selected for the 'CoinList Seed' summer batch of 2022. It successfully completed a seed round of financing, raising $2.5 million. The round saw participation from CoinList, SNZ Holding Limited, and Gate Labs among others. The company is dedicated to developing a secure Bitcoin interoperability protocol, aiming to connect Bitcoin to all mainstream Bitcoin L2 and EVM chains. Its ecosystem includes the cross-chain trading market TeleOrdinal, which supports Ordinals and BRC-20, and TeleSwap, a highly secure BTC cross-chain bridge protocol that operates without the need for trust.