Road Town, BVI, September 4, 2024, Chainwire
Bitoro is pleased to announce the upcoming launch of BitoroCore, an innovative on-chain perpetual futures infrastructure, on the Elastic (NYSE:) Chain, powered by ZKsync
Bitoro, a decentralized perpetual futures trading platform, today announced that it will launch BitoroCore, a ZK chain built on the Elastic Chain ecosystem. BitoroCore is specifically designed for perpetual, 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 top-tier on-chain derivatives experience, with markets, liquidity, fees, and features that rival any DEX or CEX. With BitoroCore, users can access a cohesive ecosystem of liquidity sources across the widest selection of crypto assets and RWAs, plus prediction markets, all accessible through a single, intuitive interface, powered by our community and native token, $BTORO.
Furthermore, BitoroCore will feature plug-and-play integrations for developers and decentralized applications, allowing them to easily access our native liquidity. As such, it is set to significantly enrich the Bitoro ecosystem, expanding our user base and increasing our presence within the DeFi landscape.
The Elastic Chain ecosystem is a network of fully interoperable ZK chains, all built on ZKsync technology. As a ZK chain, BitoroCore users will gain access to all other Elastic Chain networks and their respective user base. Additionally, all applications built on 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.
Commenting on BitoroCore, Bitoro Founder and CEO Brian Purcell says: “We are excited to launch BitoroCore on Elastic Chain to create what we believe will be a groundbreaking development in the on-chain derivatives space. By leveraging ZKsync’s technology, we aim to deliver a truly unique offering and further expand our presence within the DeFi ecosystem.”
“It’s always exciting to see projects taking ZK Stack technology and expanding the Elastic Chain ecosystem, and Bitoro is doing exactly that with the upcoming release of BitoroCore.” said Marco Cora, Director of the ZKsync Foundation. “ZKsync’s scalable and secure infrastructure provides a solid foundation for BitoroCore to deliver a superior trading experience for users and developers.”
The Next ChapterAs part of this evolution, Bitoro will undergo a rebrand. Its decentralized trading platforms will now operate collectively as Bitoro Network. The previous distinctions (X, Pro, and Prime) will be consolidated, giving you a seamless experience across Orderly, Injective, and BitoroCore. Through the platform’s unified interface, users will be able to effortlessly switch between these integrated ecosystems.
Bitoro is very excited about these new developments and is confident that 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 BitoroCore 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 Arbitrum, Optimism, Mantle, Base, Injective, and soon ZKsync’s Elastic Chain, Bitoro unifies the fragmented market into a single platform, providing optimal speed, fees, liquidity, incentives, and unparalleled ease of use for traders.
About ZKsync
ZKsync leverages cutting-edge zero-knowledge (ZK) technology to build secure, scalable, and interoperable blockchain solutions. Through its ZK Stack framework, ZKsync 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 the security of Ethereum. ZKsync’s mission is to bring cryptocurrencies to the masses, empowering millions of developers and billions of users with digital ownership and personal freedom. For more information, users can visit zksync.io.
ContactPublic Relations and Communications ManagerSimon Moser[email protected]
This article was originally published on Chainwire
