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You are at:Home » Temple Wallet Introduces TKEY Token: First Wallet Token on Tezos Blockchain
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Temple Wallet Introduces TKEY Token: First Wallet Token on Tezos Blockchain

Arun ShakyawarBy Arun ShakyawarMay 24, 2023Updated:May 24, 2023No Comments2 Mins Read
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Temple Wallet Introduces TKEY Token: First Wallet Token on Tezos Blockchain
Temple Wallet Introduces TKEY Token: First Wallet Token on Tezos Blockchain
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Temple Wallet, the leading non-custodial wallet on the Tezos blockchain, unveils a major update introducing the TKEY token. Learn about the new features, including in-app swaps cashback and enhanced delegation options, and how the Temple Wallet Token rewards users while promoting the Tezos ecosystem. Discover Tezos’ diverse decentralized protocols and vibrant NFT community, and its evolution since raising $232 million in 2017.

Temple Wallet, a non-custodial wallet on the Tezos blockchain, achieved a significant milestone by introducing the TKEY token in a major update. Temple Wallet is known for its seamless integration with Tezos DeFi protocols, secure storage of NFTs and tokens, and the ability to delegate TEZ. It has gained over 250,000 installs since its launch in 2021.

The recent update of Temple Wallet included features like iCloud and Google account creation, in-app swaps cashback, enhanced delegation options, and the introduction of the Temple Wallet Token (TKEY). A portion of the swap fees collected is used to burn Temple Tokens, creating a deflationary mechanism. The developers announced these updates in a blog on MadFish.

The Temple Wallet Token has multiple purposes. It rewards users and serves as a catalyst for promoting the Tezos ecosystem, with a particular focus on raising awareness about Temple Wallet.

Tezos is a liquid proof-of-stake (lPoS) blockchain on which Temple Wallet operates. The Tezos ecosystem offers various decentralized protocols for exchanges, staking, yield farming, lending, and other popular DeFi activities. Tezos has also gained recognition for its vibrant NFT community, exemplified by the #cleanNFT hashtag on Twitter.

Tezos made headlines in 2017 when it raised $232 million through crowdfunding, becoming the largest Initial Coin Offering (ICO) at that time. Since then, the ecosystem has evolved, attracting a growing user base due to its low transaction fees and ample opportunities for exploration and growth.

Read Also: Discover THERE, a curated NFT platform on Tezos, empowering creators, collectors and curators

NFTs Temple Wallet Tezos Blockchain Tokens
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Arun Shakyawar
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Arun Shakyawar is a Tech writer based out of Los Angeles. He holds an Engineering degree in Electronics and communications, and an MBA in marketing. He specializes in TMT. Before writing full-time, Arun worked as a management consultant with leading consulting firms. As a consultant he developed interest in blockchain technology, and now actively tracks blockchain and digital asset markets. Arun can be reached at arun@alexablockchain.com.

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