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Taiko Price

(TAIKO)

$0.0771
-0.77%(1h)

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Taiko (TAIKO) Live Price Chart

    Taiko Live Price Data

    The live price of Taiko is 0.0771, with a total trading volume of 1637529.9 in the last 24 hours. The price of Taiko changed by +1.18% in the past day, and its value has decreased by -9.18% over the last week. With a circulating supply of 201,344,006 TAIKO, the market cap of Taiko is currently 16005412.21639420092432718300 , marking a +1.18% increase today. Taiko currently ranks #791 in market cap.

    How do you feel about TAIKO today?

    Note: This data is for reference only.
    pk

    TAIKO(TAIKO) Profile

    altRank791
    rate--
    Expand
    $0.0753
    $0.08

    ATH
    $3.27276203
    Price Change (1h)
    -0.77%
    Price Change (24h)
    +1.18%
    Price Change (7d)
    -9.18%
    Market Cap
    24h Volume
    Circulating Supply
    201,344,006
    Max Supply
    1B

    About Taiko

    • What Is Taiko (TAIKO) Crypto?

      Taiko is a Layer 2 blockchain protocol designed to scale Ethereum. It uses Zero-Knowledge Rollup (ZK-Rollup) technology and a Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) to enhance transaction speed and reduce costs while maintaining security and decentralization. Taiko’s native token, TAIKO, is used for transaction fees, voting, and rewards within the ecosystem.

      Taiko aims to be fully compatible with Ethereum, allowing developers to deploy their existing decentralized applications (dApps) without modifications. This simplifies the transition and encourages adoption among developers. Taiko leverages ZK-Rollup technology to increase transaction throughput and reduce fees. This makes transactions more efficient and secure compared to traditional methods.

      The protocol is fully decentralized, with open-source code available on GitHub. It plans to launch with a decentralized set of proposers and provers, ensuring anyone can participate in maintaining the network. Taiko is committed to being a community-driven project. It plans to transfer governance to a Decentralized Autonomous Organization (DAO), allowing token holders to participate in decision-making processes.

    • How Does Taiko Work?

      Taiko uses based rollups where Ethereum Layer 1 validators handle the sequencing of transactions. This decentralizes the process, enhancing security and reducing reliance on centralized entities. Taiko employs ZK-Rollup technology. This method uses cryptographic proofs to verify transactions, which increases efficiency and reduces fees compared to other rollup methods.

      Taiko facilitates secure cross-chain messaging by using Merkle proofs. This allows data to be verified across different chains without transferring the entire dataset, ensuring both security and efficiency. In Taiko, proposers submit state transition proofs, which enter a cooldown period during which they can be contested. This mechanism maintains the integrity of the blockchain through financial incentives.

      Taiko is fully open-source and aims for decentralization. The community will eventually govern it through a DAO, ensuring that the network remains community-driven and resistant to censorship. Taiko aims to provide a scalable, secure, and cost-effective platform for Ethereum transactions, benefiting both developers and users.

    • History of Taiko (TAIKO) Coin

      Taiko was co-founded by Daniel Wang and Zurong Lam. Daniel Wang serves as the CEO, bringing his expertise in blockchain technology to lead the project. Taiko officially launched on the Ethereum mainnet on May 27, 2024. This marked the culmination of over two years of development and testing.

      Taiko Roadmap

      1. Initial Development: Taiko began its development in early 2022. The team focused on creating a fully decentralized, Ethereum-equivalent ZK-Rollup solution.
      2. Testnets: Throughout 2023 and early 2024, Taiko launched several testnets, including Katla and Hekla, to refine its technology and engage with the community.
      3. Mainnet Launch: In May 2024, Taiko successfully deployed its mainnet. This launch included support from Ethereum co-founder Vitalik Buterin, who proposed the inaugural block.
      4. Future Plans: Taiko plans to fully decentralize its network processes. Initially, block proposing and proving are controlled to ensure stability, but these will gradually become permissionless. Taiko will also establish a DAO to transfer control to the community.
    • What Is TAIKO Token Used for?

      The TAIKO token is used for various purposes within the Taiko network:

      1. Transaction Fees: You use TAIKO tokens to pay for transaction fees when using services on the Taiko platform. This helps facilitate smoother and more cost-effective transactions.
      2. Governance: TAIKO token holders can participate in voting on important decisions related to the development and management of the Taiko protocol. This decentralized governance model ensures that the community has a say in the project's future.
      3. Rewards and Incentives: The Taiko network rewards participants with TAIKO tokens for activities such as staking, yield farming, and participating in airdrop programs. These incentives encourage active engagement and contribution to the network.
      4. Security and Decentralization: By holding and using TAIKO tokens, you help secure the network and support its decentralized nature. Proposers and provers are incentivized with tokens to maintain the integrity and security of the blockchain.
      5. Trade TAIKO on KuCoin: Trade Taiko coins on the KuCoin Spot Market against other cryptos after doing your own research (DYOR). Based on your investment goals and risk tolerance, you can buy, sell, or HODL $TAIKO.
    • What Is Taiko Tokenomics?

      The native token, TAIKO, has a fixed supply of 1 billion tokens. The $TAIKO token distribution is as follows:

      • DAO Treasury: 20%
      • Taiko Labs & Core Team: 20%
      • Taiko Foundation Reserve: 16.88%
      • Investors: 11.62%
      • Trailblazer Airdrop: 10%
      • Genesis Airdrop: 5%
      • Grants & RetroPGF: 5%
      • Liquidity & Market Making: 5%
      • Guardian Prover Bonds: 2%
      • Protocol Guild Airdrop: 1%

    FAQ

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