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Cryptocurrency News Articles

Supra Mainnet and Token Generation Event (TGE) Officially Launches on November 27, 2024

Nov 27, 2024 at 11:45 pm

Supra has officially announced the launch of its mainnet and token generation event (TGE) on November 27, 2024, a crucial step in its evolution as a fully integrated Layer 1 blockchain.

Supra Mainnet and Token Generation Event (TGE) Officially Launches on November 27, 2024

Supra, a next-generation Layer 1 blockchain, has announced the launch of its mainnet and token generation event (TGE) on November 27, 2024. The $SUPRA token is now available on exchanges including ByBit, KuCoin, Gate, and MEXC, with new exchange partnerships expected in the near future.

This launch marks a crucial step in Supra's evolution and is the culmination of months of preparation and collaboration with top-tier exchanges, as well as years of work and innovation from a multidisciplinary team.

"This mainnet and TGE event is more than just a technical achievement; it's a testament to the collective effort of our engineers, developers, researchers, and business teams, all working together to build the next generation of blockchain infrastructure," said Joshua Tobkin, CEO and co-founder of Supra.

Supra boasts a high-performance network that can handle up to 500,000 transactions per second (TPS) and features advanced capabilities such as MultiVM, native oracles, VRF (verifiable random function), and automation services. These features create a comprehensive environment for decentralized applications (Super dApps), providing developers with the tools they need to launch groundbreaking projects in the Web3 space.

User adoption has also been a critical aspect of this process. Through the Project Blastoff campaign in 2023, over half a million users participated in missions to qualify for SUPRA tokens that are available under flexible vesting options. Meanwhile, the testnet phase, which was conducted in August 2024, processed over nine million transactions without bot intervention, showcasing the platform's scalability and reliability.

Supra is supported by major partners in the Web3 ecosystem, which was highlighted during the Spacefest event. The platform also features native tools such as oracle price feeds, on-chain randomness, and cross-chain capabilities. Additional features, including support for the Ethereum Virtual Machine (EVM) and SolanaVM, will be integrated in the near future. With a strong emphasis on security, the platform also boasts advanced incident response protocols to ensure the protection of user data.

News source:crypto-economy.com

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