Kyiv, Ukraine, May 24, 2023 (GLOBE NEWSWIRE) — On Wednesday, May 24, Temple Wallet achieved a notable milestone when it unveiled a major update, which introduced the TKEY token. With this release, Temple Wallet made history by introducing the first ever wallet token on the Tezos blockchain.
Known as the leading non-custodial wallet in the Tezos ecosystem, Temple Wallet is famous for its extensive features, including seamless interactions with Tezos DeFi protocols, secure storage of NFTs and tokens, as well as the ability to delegate TEZ. Since its inception in 2021, Temple Wallet has gained a user base of over 250,000 installations.
In a recent major update, Temple wallet further cemented its position as a frontrunner in the industry. The update included exciting features like iCloud and Google account creation, in-app cashback, improved delegation options and the introduction of the Temple Wallet Token “TKEY”. In particular, a portion of the exchange fees collected are used to burn Temple Tokens, which contributes to the token’s deflation mechanism. The developers of the wallet officially announced these improvements in a The MadFish Blog.
The introduction of the Temple Wallet Token serves several purposes. Not only does it reward users, but it also acts as a catalyst to promote Tezos’ overall ecosystem, with a particular emphasis on raising awareness of the Temple.
About Tezos
Tezos, the blockchain on which Temple Wallet operates, is an lPoS (liquid proof-of-stake) blockchain. The Tezos ecosystem boasts a multitude of decentralized protocols for activities such as exchange, staking, yield farming, lending, and other popular DeFi endeavors. Furthermore, Tezos has gained prominence for its vibrant NFT community, as evidenced by the #cleanNFT hashtag on Twitter.
In 2017, Tezos made headlines when it raised an impressive $232 million through crowdfunding, making it the largest initial coin offering (ICOs). Since then, the ecosystem has continuously evolved, attracting an increasing number of users due to its low transaction fees and abundant opportunities for exploration and growth.
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Disclaimer: The information provided in this press release is not investment advice, financial advice or trading advice. It is strongly recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading in securities and cryptocurrencies.
