TeleportDAO (TST)
TeleportDAO is a light-client bridge designed to connect Bitcoin and its L2 networks with EVM chains in a more secure way.
To validate cross-chain transactions, Teleport DAO utilizes relayers that transfer users’ on-chain data to the smart contract that validates cross-chain transactions. It is powered by the native $TST token, which is used for rewarding relayers and voting on DAO proposals within the platform.
The company has garnered support from a decent network of funds, such as CoinList, Quantstamp, and others, who invested over $2.5M into the project in 2023.
Now, in 2024, it is raising an additional $7.13M via the ICO round on CoinList, aiming to achieve a total raise of over $9.63M.
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