The Good Tech Companies - Bitoro To launch Perpetual Futures ‘ZK Chain’ To Enhance Liquidity

Episode Date: September 4, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bitoro-to-launch-perpetual-futures-zk-chain-to-enhance-liquidity. As a ZK Chain, users of BitoroCore will gain access to all other networks on the Elastic Chain and their respective user base. Furthermore, every application bu Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bitoro, #chainwire, #press-release, #bitoro-announcement, #blockchain-development, #zero-knowledge-proofs, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Bitoro is thrilled to announce the upcoming launch of BitoroCore, a groundbreaking on-chain perpetual futures infrastructure, on the Elastic Chain, powered by ZKsync. The unified platform is designed to offer a premier on- chain derivatives experience, with markets, liquidity, fees, and features that rival any DEX or CEX. As a ZK Chain, users will gain access to all other ZK Chains and their respective user base.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Bitoro to launch perpetual futures, ZK Chaun to enhance liquidity. By Chainwire, Roadtown, BVI, September 4, 2024, Chainwire, asterisk Bitoro is thrilled to announce the upcoming launch of Bitoro Core, a groundbreaking on-chain perpetual futures infrastructure, on the Elastic Chain, powered by ZK Sync. Bitoro, a decentralized perpetual futures trading platform, today announced Thafi will be launching Bitoro Core, a ZK chain built on the Elastic Chain ecosystem. Bitoro Core is designed specifically for perpetuals, options, and prediction markets, to enhance the liquidity hub within the Bitoro network and work

seamlessly with existing integrations, such as orderly network and injective. The unified platform is designed to offer a premier on-chain derivatives experience, with markets, liquidity, fees, and features that rival any DEX or SEX. With Bitoro Core, users can tap into a cohesive ecosystem of liquidity sources across the widest selection of crypto assets and RWAs, in addition to prediction markets, all accessible via a single, intuitive interface, powered by our community and native token, $BTORO. Moreover, Bitoro Core will feature plug-and-play integrations for builders and dApps, enabling them to easily access our native liquidity. As such, it is said to significantly enrich the Bitoro ecosystem, expanding our user base and increasing our footprint within the DeFi landscape. The Elastic Chain ecosystem is a network of fully

interoperable ZK chains all built on ZK-Sync technology. As a ZK chain, users of Bitoro Core will gain access to all other networks on the Elastic Chain and their respective user base. Furthermore, every application building on the ERA mainnet, the first ZK chain, and all other ZK chains will be able to easily integrate and leverage Bitoro's advanced perpetual futures trading infrastructure and liquidity. Greater than commenting on Bitoro Core, Bitoro founder and CEO Brian Purcell says. We're greater than excited to launch Bitoro Core on the elastic chain to create what we believe greater than will be a groundbreaking development in the on-chain derivative space. By greater than

tapping into ZK Sync's technology, we aim to deliver a truly unique offering greater than and further extend our presence within the DeFi ecosystem. Greater than? It is always exciting to see projects taking the ZK stack technology and greater than expanding the elastic chain ecosystem, and Bitoro is doing just that with the greater than upcoming launch of Bitoro Core, said Marco Cora, director of ZK-Sync Foundation. ZK-Sync's scalable and secure infrastructure provides a strong greater than foundation for Bitoro Core to offer a superior trading experience for users and greater-than developers. The next CHAPTERA is part of this evolution. Bitoro will undergo a rebranding. Its decentralized trading platforms will now operate collectively as Bitoro Network. The previous distinctions,

X, Pro, and Prime, will be consolidated, bringing you a seamless experience across Orderly, Injective, and Bitoro Core. Through the platform's unified interface, users will be able to switch effortlessly between these integrated ecosystems. Bitoro is incredibly excited about these new developments and are confident they will redefine the DeFi landscape. Users can stay tuned for more updates, detailed timelines, and insights from Bitoro as the company continues to bring Bitoro Core to life in the coming weeks and months. About Bitoro Bitoro is the world's first leveraged trading protocol and ecosystem aggregator for the on-chain perpetual futures market. With its platform supporting Ethereum, Arbitrum, Optimism,

Mantle, Base, Injective, and soon Elastic Chain by ZK-SYNC. Bitoro unifies the fragmented market under one platform, providing optimal speed, fees, liquidity, incentives, and unparalleled ease of use for traders. ZK-SYNC leverages cutting-edge zero-knowledge, ZK, technology to create secure, scalable, and interoperable blockchain solutions. Through its ZK Stack framework, ZK Sync enables developers, enterprises, and financial institutions to deploy customizable ZK chains, forming the elastic chain ecosystem. This innovative network offers native, trustless interoperability, enhanced privacy, and unparalleled scalability while maintaining

Ethereum's security. ZK-SYNC's mission is to bring crypto to the mainstream, empowering millions of developers and billions of users with digital self-ownership and personal freedom. To learn more, users can visit zksync.io. Contact PR and Communications Manager Simon Moser-Simon at bitorlabs.org. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.