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- The Taiko ICO raised $22 million, far exceeding the $4 million goal, and the token sale concluded on June 5.
- It went live on the ethereum mainnet on May 27, 2024, a key milestone in improving ethereum's scalability.
- Over 850,000 members on Discord and 1.1 million unique wallet participants across six testnets.
- It raised $37 million from top investors including Lightspeed Faction and Hashed, highlighting strong investor confidence.
- Co-founders Daniel Wang and Terence Lam emphasize community support and the goal of making ethereum more scalable and efficient.
Taiko Blockchain is making waves in the cryptocurrency community with its innovative approach to scaling the ethereum blockchain. Aiming to closely emulate ethereum in design and ideology, Taiko is building a robust scaling solution that promises to significantly improve the blockchain ecosystem. With a passionate community and a number of successful testnets under its belt, Taiko appears poised to become a major player in the world of decentralized finance.
ICO milestone: $22 million raised, $4 million goal surpassed
Taiko Initial Coin Offering (ICO) It's currently the talk of the town, and rightly so. With only 17 hours left in the token sale, the project has already received a whopping $22,000,000. This amount far exceeds their initial fundraising goal of $4,000,000. The ICO started on May 29 and will conclude on June 5, offering the TAIKO token, an ERC20 token, at a price of 1 TAIKO = 2 USD. With a total of 1,000,000,000 tokens available and personal limits set between $100 and $440, the levels of interest and participation have been extraordinary. The TAIKO token will serve a utility function within the ecosystem, accepted in stablecoins such as USDT and USDC.
2024 Milestones: Taiko Mainnet Launch and More
Several key events have marked the journey of this project. These developments highlight its rapid development and growing influence. Notably, on May 27, 2024, Taiko went live on the ethereum mainnet. This was a monumental step forward in their mission to improve the scalability of ethereum. Additionally, this achievement follows a number of other important milestones. For example, the TAIKO Airdrop occurred on May 23, 2024. Additionally, the Hekla testnet (with blobs) was launched on April 25, 2024. Earlier in the year, the company made headlines with its vibrant community event on ETHDenver on March 6, 2024. Additionally, they announced raising $37 million of top-tier venture capital ahead of the mainnet launch on March 3, 2024.
Taiko raises $37 million and $15 million from top investors
Taiko's fundraising journey has been nothing short of impressive, amassing a total of $37,000,000 across three rounds of funding. The most recent round, which raised $15,000,000, was led by notable investors such as Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Other notable participants included Amber Group, Flow Traders, GSR, OKX Ventures, Presto Labs, Wintermute Ventures, and WW Ventures. This significant financial backing underscores the confidence investors have in Taiko's vision and potential to revolutionize ethereum scaling.
850,000 Discord members and 1.1 million wallets compromised
At the center of Taiko's success is its vibrant and dedicated community. With over 850,000 members on Discord, the community engagement and support has been phenomenal. The company has run six test networks, attracting participation from more than 1,100,000 unique wallets. The platform also has a strong network of 30,000+ proposers and 14,000+ testers along with 100+ live requests. The continued development of Testnet Katla, featuring a moot roll-up design and a configurable, multi-test architecture, further cements Taiko's commitment to innovation and community-driven growth.
VC Leaders Praise Taiko's Scaled Innovations
Prominent figures from the world of blockchain and venture capital have expressed their confidence and enthusiasm for the future of Taiko. Samuel Harrison, founding partner of Lightspeed Faction, praised Taiko for its passionate community. He also praised its innovative sequencing architecture, which simplifies the Layer 2 value chain.
Ryan Kim, founding partner of Hashed, highlighted the team's achievements. He pointed to his vibrant community involvement as a key factor underpinning his confidence in Taiko's vision. Similarly, Will Wang, Managing Partner at Generative Ventures, emphasized the importance of ethereum scaling. He also highlighted Taiko's unique positioning among ethereum Layer 2 networks.
Meanwhile, Lucy Gazmararian, founder of Token Bay Capital, praised Taiko for staying true to the original spirit of cryptocurrencies. She praised its commitment to decentralization and permissionlessness, which firmly positions Taiko as a default scaling solution for ethereum.
Taiko Leadership Perspectives on Future Goals
Taiko's leadership team is a driving force behind its innovative vision and successful execution. Daniel Wang, co-founder and CEO, reflected on the multi-year journey to build the first ethereum-based rollup, expressing his determination to continue pushing the boundaries and proving the viability of what was once considered impossible. Terence Lam, co-founder and COO, expressed his gratitude to the community and its followers, reaffirming Taiko's commitment to bringing ethereum's capabilities to a broader audience and fulfilling its vision of a scalable and efficient blockchain ecosystem.
Future Outlook: Taiko in DeFi and Scaling Solutions
This blockchain is at the forefront of ethereum scaling solutions and combines a strong technical foundation with a vibrant, engaged community and strong financial backing. As the ICO draws to a close, the excitement and anticipation surrounding Taiko's mainnet launch continues to build. With a clear roadmap, important milestones achieved, and backing from industry leaders, the project is well positioned to become a major player in the decentralized finance space. For those interested in the future of blockchain technology and the scalability of ethereum, Taiko represents a promising and dynamic project worth keeping a close eye on.
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