TeleportDAO

TeleportDAO is a light-client bridge designed to connect Bitcoin and its L2 networks with EVM chains in a more secure way.

To validate cross-chain transactions, Teleport DAO utilizes relayers that transfer users’ on-chain data to the smart contract that validates cross-chain transactions. It is powered by the native $TST token, which is used for rewarding relayers and voting on DAO proposals within the platform.

The company has garnered support from a decent network of funds, such as CoinList, Quantstamp, and others, who invested over into the project in 2023.

Now, in 2024, it is raising an additional via the ICO round on CoinList, aiming to achieve a total raise of over .