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Binance Invested Project Launches Mainnet, Will Distribute Airdrop

Binance Invested Project Launches Mainnet, Will Distribute Airdrop

BitcoinsistemiBitcoinsistemi2024/08/05 21:21
By:Mete Demiralp

The project, previously invested by Binance Labs, announced that it has launched its mainnet and will distribute airdrops.

Zircuit, a Layer 2 (L2) blockchain project, announced the launch of mainnet Phase 1, marking a major milestone for the network. With the activation of Zircuit Mainnet nodes, the project also opened requests for Season 1 airdrops, rewarding early contributors and participants.

Zircuit, which previously received investment from Binance Labs, the investment arm of the cryptocurrency exchange, has a Total Locked Value (TVL) exceeding $2.5 billion.

Yi He, Co-Founder of the Exchange and President of Binance Labs, made the following comment about his company's investment in the project:

“At Binance Labs, we support projects that innovate on Web3 and accelerate the blockchain industry. Zircuit offers a more secure L2 solution thanks to sequencer-level security integration, and we look forward to watching this solution grow and evolve further.”

Related News Number of Ethereum (ETH) Wallets Dropped to Lowest Level of the Year

Zircuit's Co-Founder Dr. Martin Derka said:

“Zircuit was born from cutting-edge scalability and security research. We are innovating on a deep technical foundation and making Ethereum safer for the next billion users. “We are thrilled to have Binance Labs join us on this journey.”

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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