Collaborative crypto-trading platform 2gether has taken a giant stride towards promoting the tokenized economy, as the platform announced the upcoming launch of its utility token 2GT on SushiSwap, Balancer, and 1inch.
This latest move comes after the firm listed its token on Uniswap last month, following an issuance campaign on Bounce and CoinGecko.
Founded by Ramón Ferraz and other field veterans as a collaborative marketplace to bridge the gap between crypto users and traditional financial markets, 2gether aims to enable trading of cryptocurrency at fair prices, be an active part of the rising tokenization economy, as well as create a breeding ground for tokenization projects.
Over the last year, 2gether, which operates in 22 countries, has grown its platform by 500% reaching 80,000 users in total by early 2021, it claimed. Furthermore, since the company’s official launch, over 50% of its users are designated founders for having more than €10 in 2GT. More than 27 million 2GT tokens totaling €1.4m, have been purchased on the platform, an 83% rise in 2GT trading between December 2020 and January 2021.
In a bid to ensure 2GT token buyers get the best value, 2gether’s 2GT token is also whitelisted on 1inch’s aggregator DEX.
Indeed, the development of tokenization is becoming increasingly attractive as it opens up possibilities for greater financial inclusion and equitization for what were financially non-viable entities or items. In fact, the global tokenization market size is predicted to rise from $1.9bn in 2020 to $4.8bn by 2025, according to Markets and Markets.
Commenting on the new success, Ferraz said,
“2gether has been working hard toward our goal of creating a tool to build a tokenized economy and we are proud to continue to list our token across multiple decentralized exchanges.
“With so much untapped potential left to be harnessed in tokenized economics, we believe we are setting the stage for developers and crypto visionaries to create their tokenized projects and be able to foster more financial inclusion and opportunity.”
You can learn more about the app here.