Tezos Gets Major Lift After Mainnet Launch

A big week for investors of Tezos as the project has gotten off to the best possible start.

Less than two hours after the project announced that a Mainnet launch was successful, a Hong Kong-based crypto exchange has added support for the Tezos native cryptocurrency (XTZ).

A Monday announcement by Bitfinex confirmed the addition of Tezos (XTZ) and revealed that investors can now trade the coin against USD and BTC.

The exchange also said it will add support for margin and P2P trading as liquidity develops.

Bitfinex is fourth on the list of top exchanges by market volume within the last 24 hours according to CMC data.

The Tezos project is a self-governing blockchain which conducts transactions and boosts the security of the most sensitive or financially weighted smart contracts.

Tezos Mainnet Launch Records Success As Prices Record Slight Gains

After raising around $232 million in an initial coin offering last year, different people have had a different opinion about whether the project would turn out as a success.

Even though there has been little growth here and there, Tezos made a strong statement by revealing that a genesis block for the Mainnet has been propagated.

Since then (June 30), it is worth noting that the new network has been in Beta testing but is now ready to roll.

The official launch of the Mainnet was announced on Monday with a statement which read in part,

“We now consider the beta period concluded, and while active development still continues, we are pleased to regard the Tezos network as the mainnet.”

However, the project team alerted old and new users to “apply judgment and care in their network interactions.”

Heading into the markets, the Tezos native cryptocurrency (XTZ), has recorded slight gains since the project developers announced in a tweet that a Mainnet would arrive on September 17.


On Saturday, XTZ clocked a 5.5-week high of $1.75 at 13:10 UTC. At that point, the coin was up 35 percent from Friday’s low of $1.29.

At press time, the coin was pegged at $1.48, with a trading volume of over $6.6 million.

The coin is now 16th on the CMC list of top cryptocurrencies with a market cap of  $899 million.

Do you believe that XTZ adoption will go higher in the coming days?

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