Bitoro Launches Perpetual Futures “ZK Chain” to Improve Liquidity

(PRESS RELEASE – Road Town, BVI, September 4, 2024)

Bitoro is excited to announce the upcoming launch of BitoroCore, a revolutionary on-chain perpetual futures infrastructure on the Elastic Chain, powered by ZKsync

Bitoro, a decentralized perpetual futures trading platform, today announced the launch of BitoroCore, a ZK chain built on the Elastic Chain ecosystem. BitoroCore is designed specifically for perpetual, options, and prediction markets, to enhance the liquidity hub within the Bitoro network and work seamlessly with existing integrations, such as Orderly Network and Injective.

The unified platform is designed to deliver a best-in-class on-chain derivatives experience, with markets, liquidity, fees, and features that rival any DEX or CEX. With BitoroCore, users can access a cohesive ecosystem of liquidity sources across the broadest selection of crypto and venture assets, in addition to prediction markets – all accessible through a single, intuitive interface, powered by our community and our native token, $BTORO.

Additionally, BitoroCore will feature plug-and-play integrations for builders and dApps, allowing them to easily access our native liquidity. As such, it is set to significantly enrich the Bitoro ecosystem, expand our user base, and increase our footprint in the DeFi landscape.

The Elastic Chain ecosystem is a network of fully interoperable ZK chains, all built on ZKsync technology. As a ZK chain, BitoroCore users will have access to all other Elastic Chain networks and their respective user bases. Additionally, every application built on Era Mainnet, the first ZK chain, and all other ZK chains will be able to easily integrate and leverage Bitoro’s advanced perpetual futures trading infrastructure and liquidity.

Brian Purcell, Founder and CEO of Bitoro, said of BitoroCore: “We are excited to launch BitoroCore on Elastic Chain to create what we believe will be a revolutionary development in on-chain derivatives. By leveraging ZKsync’s technology, we aim to deliver a truly unique offering and further expand our presence within the DeFi ecosystem.”

“It’s always exciting to see projects building on ZK Stack technology and expanding the Elastic Chain ecosystem, and Bitoro is doing just that with the upcoming launch of BitoroCore,” said Marco Cora, director of the ZKsync Foundation. “ZKsync’s scalable and secure infrastructure provides a solid foundation for BitoroCore to deliver a superior trading experience to users and developers.”

The next chapter

As part of this evolution, Bitoro will undergo a rebranding. Its decentralized trading platforms will now operate collectively under the name Bitoro Network. The previous distinctions – X, Pro, and Prime – will be consolidated, giving you a seamless experience across Orderly, Injective, and BitoroCore. With the platform’s unified interface, users will be able to switch effortlessly between these integrated ecosystems.

Bitoro is incredibly excited about these new developments and is confident that they will redefine the DeFi landscape. Users can stay tuned for more updates, detailed timelines, and information from Bitoro as the company continues to bring BitoroCore to life in the coming weeks and months.

About Bitoro

Bitoro is the world’s first leveraged trading protocol and ecosystem aggregator for the on-chain perpetual futures market. With its platform supporting Ethereum, Arbitrum, Optimism, Mantle, Base, Injective, and soon ZKsync’s Elastic Chain, Bitoro unifies the fragmented market under a single platform, delivering optimal speed, fees, liquidity, incentives, and unmatched ease of use for traders.

About ZKsync

ZKsync leverages cutting-edge zero-knowledge (ZK) technology to create secure, scalable, and interoperable blockchain solutions. Through its ZK Stack framework, ZKsync enables developers, enterprises, and financial institutions to deploy customizable ZK chains, forming the Elastic Chain ecosystem. This innovative network provides native, trustless interoperability, enhanced privacy, and unmatched scalability while preserving the security of Ethereum. ZKsync’s mission is to bring cryptography to the masses, empowering millions of developers and billions of users to take ownership of their own digital and personal freedom. To learn more, users can visit zksync.io.