Road Town, BVI, September 4th, 2024, Chainwire

Bitoro Announces Launch of BitoroCore

Bitoro is thrilled to announce the upcoming launch of BitoroCore, a groundbreaking on-chain perpetual futures infrastructure, on the Elastic (NYSE:ESTC) Chain, powered by ZKsync.

Bitoro, a decentralized perpetual futures trading platform, will launch BitoroCore, a ZK Chain built on the Elastic Chain ecosystem. Designed specifically for perpetuals, options, and prediction markets, BitoroCore aims to enhance the liquidity hub within the Bitoro Network and work seamlessly with existing integrations like Orderly Network and Injective.

The unified platform offers a premier on-chain derivatives experience, with markets, liquidity, fees, and features that rival any DEX or CEX. Users can access a cohesive ecosystem of liquidity sources across a wide selection of crypto assets and RWAs, alongside prediction markets—all through a single, intuitive interface, powered by the community and native token, $BTORO.

BitoroCore will feature plug-and-play integrations for builders and dApps, allowing easy access to native liquidity. This will significantly enrich the Bitoro ecosystem, expand the user base, and increase the company’s footprint within the DeFi space.

The Elastic Chain ecosystem comprises fully interoperable ZK Chains built on ZKsync technology. As a ZK Chain, users of BitoroCore will gain access to other networks on the Elastic Chain and their respective user bases. Additionally, applications built on the 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.

“We’re excited to launch BitoroCore on the Elastic Chain to create what we believe will be a groundbreaking development in the on-chain derivatives space,” said Brian Purcell, Founder & CEO of Bitoro. “By tapping into ZKsync’s technology, we aim to deliver a truly unique offering and further extend our presence within the DeFi ecosystem.”

“It is always exciting to see projects taking the ZK Stack technology and expanding the Elastic Chain ecosystem, and Bitoro is doing just that with the upcoming launch of BitoroCore,” said Marco Cora, Director of ZKsync Foundation. “ZKsync’s scalable and secure infrastructure provides a strong foundation for BitoroCore to offer a superior trading experience for users and developers.”

The Next Chapter

As part of this evolution, Bitoro will undergo a rebranding. Its decentralized trading platforms will now operate collectively as Bitoro Network. The previous distinctions—X, Pro, and Prime—will be consolidated, providing a seamless experience across Orderly, Injective, and BitoroCore. Users will be able to switch easily between these integrated ecosystems via the platform’s unified interface.

Bitoro is excited about these developments and is confident they will redefine the DeFi landscape. Users can stay tuned for updates, timelines, and insights from Bitoro as the company brings 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. The platform supports Ethereum, Arbitrum, Optimism, Mantle, Base, Injective, and soon Elastic Chain by ZKsync, unifying the fragmented market under one 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 create secure, scalable, and interoperable blockchain solutions. Its ZK Stack framework enables the deployment of customizable ZK Chains, forming the Elastic Chain ecosystem. This innovative network offers native, trustless interoperability, enhanced privacy, and scalability while maintaining Ethereum’s security. ZKsync’s mission is to bring crypto to the mainstream, empowering millions of developers and billions of users with digital self-ownership and personal freedom. Learn more at zksync.io.

Contact
PR & Communications Manager
Simon Moser
[email protected]

This article was originally published on Chainwire.