Taiko Price
(TAIKO)
USD($)
Taiko (TAIKO) Live Price Chart
Overview
About
Analysis
FAQ
Taiko Live Price Data
The live price of Taiko is $1.71, with a total trading volume of $ 332,252 in the last 24 hours. The price of Taiko changed by -6.07% in the past day, and its USD value has decreased by -12.35% over the last week. With a circulating supply of 83,219,075 TAIKO, the market cap of Taiko is currently 140.96M USD, marking a --% increase today. Taiko currently ranks #237 in market cap.
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Note: This data is for reference only.
Taiko(TAIKO) Profile
Rank237
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Website
Documentation
Explorer
Contract
- Ethereum 0x10dea6...800
Audited By
- --
Code & Community
Investors
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$1.64
$1.85
- ATH
- $3.27
- Price Change (1h)
- +1.41%
- Price Change (24h)
- -6.07%
- Price Change (7d)
- -12.35%
- Market Cap
- $140.96M
- 24h Volume
- $332,252
- Circulating Supply
- 83,219,075
- Max Supply
- 1B
About TAIKO
How can I buy Taiko (TAIKO)?
Buying TAIKO on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Taiko (TAIKO) for more information. What Is Taiko (TAIKO) Crypto?
Taiko is a Layer 2 blockchain protocol designed to scale Ethereum. It uses Zero-Knowledge Rollup (ZK-Rollup) technology and a Zero-Knowledge Ethereum Virtual Machine (ZK-EVM) to enhance transaction speed and reduce costs while maintaining security and decentralization. Taiko’s native token, TAIKO, is used for transaction fees, voting, and rewards within the ecosystem.
Taiko aims to be fully compatible with Ethereum, allowing developers to deploy their existing decentralized applications (dApps) without modifications. This simplifies the transition and encourages adoption among developers. Taiko leverages ZK-Rollup technology to increase transaction throughput and reduce fees. This makes transactions more efficient and secure compared to traditional methods.
The protocol is fully decentralized, with open-source code available on GitHub. It plans to launch with a decentralized set of proposers and provers, ensuring anyone can participate in maintaining the network. Taiko is committed to being a community-driven project. It plans to transfer governance to a Decentralized Autonomous Organization (DAO), allowing token holders to participate in decision-making processes.
How Does Taiko Work?
Taiko uses based rollups where Ethereum Layer 1 validators handle the sequencing of transactions. This decentralizes the process, enhancing security and reducing reliance on centralized entities. Taiko employs ZK-Rollup technology. This method uses cryptographic proofs to verify transactions, which increases efficiency and reduces fees compared to other rollup methods.
Taiko facilitates secure cross-chain messaging by using Merkle proofs. This allows data to be verified across different chains without transferring the entire dataset, ensuring both security and efficiency. In Taiko, proposers submit state transition proofs, which enter a cooldown period during which they can be contested. This mechanism maintains the integrity of the blockchain through financial incentives.
Taiko is fully open-source and aims for decentralization. The community will eventually govern it through a DAO, ensuring that the network remains community-driven and resistant to censorship. Taiko aims to provide a scalable, secure, and cost-effective platform for Ethereum transactions, benefiting both developers and users.
History of Taiko (TAIKO) Coin
Taiko was co-founded by Daniel Wang and Zurong Lam. Daniel Wang serves as the CEO, bringing his expertise in blockchain technology to lead the project. Taiko officially launched on the Ethereum mainnet on May 27, 2024. This marked the culmination of over two years of development and testing.
Taiko Roadmap
- Initial Development: Taiko began its development in early 2022. The team focused on creating a fully decentralized, Ethereum-equivalent ZK-Rollup solution.
- Testnets: Throughout 2023 and early 2024, Taiko launched several testnets, including Katla and Hekla, to refine its technology and engage with the community.
- Mainnet Launch: In May 2024, Taiko successfully deployed its mainnet. This launch included support from Ethereum co-founder Vitalik Buterin, who proposed the inaugural block.
- Future Plans: Taiko plans to fully decentralize its network processes. Initially, block proposing and proving are controlled to ensure stability, but these will gradually become permissionless. Taiko will also establish a DAO to transfer control to the community.
What Is TAIKO Token Used for?
The TAIKO token is used for various purposes within the Taiko network:
- Transaction Fees: You use TAIKO tokens to pay for transaction fees when using services on the Taiko platform. This helps facilitate smoother and more cost-effective transactions.
- Governance: TAIKO token holders can participate in voting on important decisions related to the development and management of the Taiko protocol. This decentralized governance model ensures that the community has a say in the project's future.
- Rewards and Incentives: The Taiko network rewards participants with TAIKO tokens for activities such as staking, yield farming, and participating in airdrop programs. These incentives encourage active engagement and contribution to the network.
- Security and Decentralization: By holding and using TAIKO tokens, you help secure the network and support its decentralized nature. Proposers and provers are incentivized with tokens to maintain the integrity and security of the blockchain.
- Trade TAIKO on KuCoin: Trade Taiko coins on the KuCoin Spot Market against other cryptos after doing your own research (DYOR). Based on your investment goals and risk tolerance, you can buy, sell, or HODL $TAIKO.
What Is Taiko Tokenomics?
The native token, TAIKO, has a fixed supply of 1 billion tokens. The $TAIKO token distribution is as follows:
- DAO Treasury: 20%
- Taiko Labs & Core Team: 20%
- Taiko Foundation Reserve: 16.88%
- Investors: 11.62%
- Trailblazer Airdrop: 10%
- Genesis Airdrop: 5%
- Grants & RetroPGF: 5%
- Liquidity & Market Making: 5%
- Guardian Prover Bonds: 2%
- Protocol Guild Airdrop: 1%
Taiko (TAIKO) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.105 | -5.77% |
| 7 Days | $-0.242 | -12.36% |
| 30 Days | $0.204 | 13.57% |
| 3 Months | $0.219 | 14.71% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Taiko Conversion Rate
FAQ
How much is 1 Taiko (TAIKO) worth?
KuCoin provides real-time USD price updates for Taiko (TAIKO). Taiko price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time TAIKO to USD exchange rates. Is Taiko (TAIKO) a Good Investment?
The following factors make Taiko a compelling investment opportunity, promising a secure, efficient, and community-oriented platform for Ethereum scaling:
- Scalability: Taiko uses ZK-Rollups to improve transaction throughput and reduce fees. This technology allows for significantly more transactions per second (TPS) compared to Ethereum's Layer 1, making it a highly scalable solution.
- Security and Decentralization: Taiko is designed to be fully decentralized, with a permissionless network of proposers and provers. This ensures high security and resistance to censorship, aligning with the core principles of Ethereum.
- Compatibility: Taiko is fully compatible with Ethereum, allowing developers to deploy their existing dApps without any modifications. This eases the transition and encourages broader adoption among the developer community.
- Cost Efficiency: By batching multiple transactions into a single one, Taiko reduces the overall transaction costs. This makes it more affordable for users and developers.
- Community-Driven: Taiko prioritizes community involvement and governance through its DAO. A significant portion of the token supply is allocated to the DAO treasury, ensuring that the community has a strong voice in the project's future development.
- Privacy: Using zero-knowledge proofs, Taiko ensures transaction privacy and anonymity, which is beneficial for users who prioritize confidentiality in their transactions.
What Is Taiko Price Prediction?
By monitoring these factors, you can better understand the TAIKO crypto price prediction:
- Market Demand and Supply of TAIKO Tokens: The balance between how many people want to buy TAIKO tokens and how many are available for sale affects the TAIKO price. Higher demand with limited supply can drive prices up, while excess supply with lower demand can push the $TAIKO price down.
- Taiko Network's Developments and Announcements: Positive news, such as successful funding rounds, new partnerships, or technical advancements, can boost investor confidence and increase the TAIKO token price. For example, raising $9 million in a recent token sale highlighted strong investor interest and boosted TAIKO's market appeal.
- Overall Crypto Market Trends: The broader cryptocurrency market trends also impact the TAIKO coin price. If the overall market is bullish, the TAIKO to USD price is likely to rise, and vice versa. Market movements in major cryptocurrencies like Bitcoin and Ethereum often influence the prices of other tokens.
- Adoption and Usage: Increased adoption of the Taiko platform by developers and users can lead to higher demand for TAIKO tokens, positively influencing the TAIKO coin price. Taiko's compatibility with Ethereum and its cost-efficiency are attractive features that can drive adoption.
- Economic Factors: Global economic conditions, regulatory changes, and investor sentiment toward cryptocurrencies can impact TAIKO's price. Regulatory clarity and positive economic indicators can attract more investors, while uncertainty can lead to price volatility.
How to Earn TAIKO Tokens
To earn Taiko (TAIKO) tokens, you have several options:
- Participate in Airdrops: Taiko frequently conducts airdrops, especially during testnet phases. Engaging in testnet activities like bridging tokens, swapping tokens, or deploying contracts can increase your chances of receiving airdrops when the mainnet launches.
- Run a Node: You can earn TAIKO by running a Taiko node. This involves participating in the network as a block proposer or prover. By contributing to the network's operations, you earn rewards in TAIKO tokens.
- Early Birds Pool: Taiko offers early investment opportunities through exclusive pools like the Early Birds Pool on platforms like CV Pad. Participating in these pools can give you access to TAIKO tokens at a discounted rate and potentially higher returns as the project grows.
- Participate in Community Events: Engage in various community activities and events organized by Taiko. This can include completing tasks, quizzes, or other interactive activities that may reward you with TAIKO tokens.
What is the all-time high price of Taiko (TAIKO)?
The all-time high price of Taiko (TAIKO) is $3.270. The current price of TAIKO is down 47.57% from its all-time high.
What is the all-time low price of Taiko (TAIKO)?
The all-time low price of Taiko (TAIKO) is $1.230. The current price of TAIKO is up 38.66% from its all-time low.
How much Taiko (TAIKO) is there in circulation?
As of 12 22, 2024, there is currently 83,219,075 TAIKO in circulation. TAIKO has a maximum supply of 1B.
What is the market cap of Taiko (TAIKO)?
The current market cap of TAIKO is $140.96M. It is calculated by multiplying the current supply of TAIKO by its real-time market price of $140.96M.
How do I store Taiko (TAIKO)?
You can securely store your Taiko in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your TAIKO include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Avalanche (AVAX) to cash?
You can instantly exchange your Avalanche (AVAX) for cash using KuCoin's Fast Trade feature. This feature enables you to convert AVAX to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.