TAIKO is participating in the Binance Alpha trading competition, with a reward of 1 million USD. Recently, the trading volume for Binance Alpha exceeded 77 million in 24 hours, ranking in the top ten. With the excitement of the trading competition and the advantages of the technical architecture, it is still worth paying attention to now, as there are many rewards available in the trading competition and they are relatively easy to obtain.
Binance TAIKO Trading Competition Rules: Participants are ranked based on total purchase volume accumulated during the event. During the event, the top 11,500 users will share 1,495,000 TAIKO tokens (each user receives 130 TAIKO).
1. What is Taiko?
Taiko is a ZK-Rollup equivalent to Ethereum (Type-1), addressing Ethereum's scalability challenges. It significantly increases transaction throughput and reduces fees by processing a large number of transactions off-chain and generating succinct cryptographic proofs submitted to the Ethereum mainnet, all without sacrificing security. Its core is fully compatible with the Ethereum Virtual Machine (EVM), allowing existing dApps and tools to migrate seamlessly.
2. Core Technical Framework
1. Type-1 ZK-EVM
- Fully supports all EVM opcodes, allowing existing dApps to migrate seamlessly while retaining the Ethereum toolchain.
- Sacrificing some proof efficiency for developer friendliness to accelerate ecosystem building.
2. Based on Ordering (Core Innovation)
- Mechanism: Transaction ordering is executed by Ethereum L1 validators, eliminating the risk of centralized orderers.
- Advantages: Inheriting the security of the Ethereum mainnet, resistant to censorship, keeping value retained within the L1 ecosystem.
3. Pre-Confirmation (User Experience Innovation)
- Process: L1 validators voluntarily become pre-confirmers by staking collateral, providing users with immediate guarantees on transaction status.
- Penalty Mechanism: Collateral is forfeited if commitments are not fulfilled, which is more reliable than centralized 'soft confirmations.'
- Application Scenarios: Through the pre-confirmation mechanism, users can immediately obtain trust guarantees of inclusion and order after submitting a transaction, significantly enhancing transaction efficiency, especially suitable for high-frequency trading scenarios like DeFi.
4. Security and Scalability Design
- Multiple Proofs: Combining ZK-SNARK and SGX trusted proofs to enhance risk resistance.
- Rollup Types:
- BCR (Competition-Based Rollup): Proposers/provers stake TAIKO tokens as collateral, ensuring security through economic incentives.
- BBR (Boost-Based Rollup): Achieving atomic composability between L1 and L2 (e.g., Taiko Gwyneth protocol).
- Inception Layers: Supporting parallel deployment of L2/L3, expanding Ethereum in parallel.
3. TAIKO Token Economics
1. Token Utility
- Governance: DAO voting to decide on protocol upgrades and parameter adjustments.
- Collateral: Proposers/provers in BCR/BBR must stake TAIKO to ensure network security.
- Incentives: Staking rewards and potential fee payment scenarios.
2. Distribution and Release
Total Supply: 1 billion tokens.
Key Distribution:
- Team 20% (locked for 12 months, with linear release over the next 3 years)
- Investors 11.62% (released the same as the team)
- DAO Treasury 20% + Community Incentives 15% (Airdrops/Funding)
Initial circulation is only 136 million (13.6% of total supply), with team/investor tokens locked until June 5, 2025. At the same time, Taiko has allocated a considerable portion of tokens (DAO Treasury 20% + Funding 5% + Airdrops 15% = about 40%) to the community, with a 12-month lock-up period for the team and major investors, followed by a long-term linear release.
4. Ecosystem and Community Building
- Trailblazers Program: Introducing gamification elements to incentivize users to engage in network interactions and community contributions through a reward pool.
- Taiko Status: Ranking based on token holdings to provide community access rights and airdrop advantages.
- Taiko DAO: Adopting an 'Optimistic Governance' mechanism, combining community veto power to balance decision-making efficiency with community participation.
- Taiko Takeoff Program: Allocating 25 million USD in 2025 to support innovative projects across various fields including DeFi, AI, and RWA, prioritizing early-stage projects and providing technical support.
Taiko, with its Type-1 ZK-EVM fully compatible with Ethereum, leverages innovations such as ordering and pre-confirmation, along with the BCR competitive mechanism and multiple proofs to ensure security. It differentiates itself in the Layer-2 space while balancing technical compatibility, decentralization, and user experience. This makes it a key project in the Layer-2 space that aligns with Ethereum's core values and scalability needs, and its future potential is worth paying attention to.
