As a seasoned analyst with over two decades of experience in the tech and finance sectors, I’ve witnessed countless blockchain projects come and go. However, Supra’s mainnet launch and Token Generation Event (TGE) has genuinely piqued my interest. The sheer scale of its ambition, coupled with the impressive list of features it offers, makes it stand out from the crowd.
Seychelles, Seychelles, December 11th, 2024, Chainwire
In simpler terms, Supra – the first Layer-1 blockchain that offers vertical integration – has now launched its main network and initiated its Token Generation Event (TGE). This blockchain comes equipped with various features like MultiVM support, native oracles, on-chain randomness, cross-chain communication, automation, and more. On December 11, 2024, the SUPRA token from this TGE will be accessible through BYDFi. Over the past week, there’s been a substantial 304.30% surge in the price of $SUPRA tokens, indicating growing excitement for its groundbreaking blockchain technology.
$SUPRA: Building the Next-Gen Blockchain Ecosystem
$SUPRA serves as the indigenous currency fueling Supra, a cutting-edge Layer-1 blockchain platform that simplifies the process of developing Super dApps. The Supra mainnet boasts an impressive transaction processing speed of up to 500,000 per second, ensures swift finality, and offers essential tools like MultiVM, native oracles, and on-chain randomness. These features facilitate the integration of blockchain applications with real-world ones, giving developers the freedom to innovate and foster the development of groundbreaking decentralized technologies.
Joshua Tobkin, CEO and Co-Founder of Supra, stated that the launch of Supra’s mainnet and Token Generation Event (TGE) is not just a technical accomplishment; it represents years of tireless effort from our engineers, developers, researchers, and business teams who are all passionate about constructing cutting-edge blockchain infrastructure. This milestone marks the creation of a comprehensive ecosystem for Super dApps with its high-speed network capable of handling 500,000 transactions per second (TPS), MultiVM support, native oracle, VRF, and automation services.
Last month’s Spacefest organized by Supra provided a platform for approximately 23,100 Web3 aficionados to witness its cutting-edge technology. Notable figures from Aptos Labs, SUI, and Cyber Capital were among the participants who contributed significantly.
Market Performance: $SUPRA Shows Strong Growth
As per CoinGecko’s data, the value of SUPRA has skyrocketed by a significant 304.30% over the last week, marking a stark difference against other tokens categorized as Layer-1 blockchain tokens. On average, these tokens saw a modest increase of approximately 1.30% in price during this period. Notable statistics are:
- 7-day price gain: 304.30%
- Price high: $0.073, up 655.06% from its all-time low.
- 24-hour trading volume: $631.7 million, up 40.70% from the previous day.
- Market cap: $440 million, with a fully diluted valuation of $1.08 billion.
Out of the 100 billion Supra tokens, only 6 billion are presently in circulation. Given Supra’s transparent and gradually increasing supply system, as well as the upcoming innovative ecosystem planned for its platform, which is backed by its token, there’s a possibility that price discovery may evolve to stimulate this growth even more.
BYDFi: Developing Horizons with Multi-sector Tokens
The launch of the $SUPRA signifies that BYDFi is keeping up with the latest trends by making astute, innovative choices when it comes to asset selection. After the introduction of $SUPRA, BYDFi proceeds to incorporate tokens such as PHB, GIGA, SKI, M3M3, TOSHI, and XION, among others. These span a diverse range of industries including blockchain technology, social networks, sports entertainment, and even meme economies. BYDFi maintains close tabs on its asset portfolio expansion and continually provides high-value tokens to its trading users. For more details, visit the BYDFi website.
About BYDFi
Established in 2020, BYDFi stands out among crypto exchanges worldwide, having been ranked among the top ten globally by Forbes. This dynamic platform offers access to over six hundred different cryptocurrencies for spot trading, as well as leveraged trading opportunities with multipliers reaching up to 200x. Furthermore, it boasts strategic partnerships with prominent payment providers like Banxa, Transak, and Mercuryo, ensuring the most cost-effective and convenient way to purchase cryptocurrencies.
Soon, BYDFi is going to launch a convenient “BYDFi Follow Trading” feature that allows users to effortlessly mimic experienced traders. This user-friendly option empowers both beginners and busy investors to invest in the market with minimal hassle. BYDFi strives to provide an exceptional crypto trading experience tailored to your aspirations. Translated, it’s about building your desired financial future with BYDFi.
Contact
Senior Marketing Director
Chloe
BYDFi Fintech LTD
chloe@bydfi.com
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2024-12-11 13:56