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HashKey Global is set to list Aleo (ALEO) on September 18, allowing trading, deposits, and withdrawals with innovative privacy technology.
Key Notes
Aleo (ALEO) will debut on HashKey Global on September 18, 2024, with trading starting at 16:00 (UTC).Users can deposit ALEO on the launch day, with the option to withdraw starting September 19 at 16:00 (UTC).Aleo tokens offer access to network capabilities, incentivize validators, and enable governance rights after the mainnet launch.HashKey Global has announced the initial listing of Aleo (ALEO). The highly anticipated cryptocurrency will begin trading on HashKey Global starting September 18. The digital exchange revealed that users can start depositing ALEO on HashKey Global as of September 18. Also, spot trading will begin on the same day at 16:00 (UTC). Participants will be allowed to start withdrawing their funds right from September 19 at 16:00 (UTC).
Aleo has been making waves since it got started. The blockchain company has attracted many through its innovative privacy-focused technology. It has also gained the attention of lots of investors, leading to a series of major fundings for the company. Some of the funds raised include a $28 million Series A round in 2021, led by a16z, and another $200 million Series B round in 2022, led by SoftBank and Kora Management.
📢 $ALEO Initial Listing is coming to HashKey Global Innovation Zone! @AleoHQ
🌟 We are proud to be the first exchange to list $ALEO, bringing it exclusively to HashKey Global!
đź•– Listing schedule:
👉 ALEO Deposits (Aleo network) : 2:00 UTC, Sep 18
👉 ALEO/USDT Spot Trading:… pic.twitter.com/IyfbmrSIFZ
— HashKey Global (@HashKey_Global) September 17, 2024
These funding rounds have set new records in the zero-knowledge-proof field and have made Aleo a top player in privacy computing. The project’s programmable privacy features create many chances for developing decentralized applications, making privacy protection one of the most popular areas in 2024.
The company is leveraging zero-knowledge technology to allow developers and companies to build applications that securely update a ledger without exposing private or sensitive information while still proving the updates’ legitimacy.
Reacting to the announcement, HashKey Global managing director Ben El-Baz revealed that the company is excited to be one of the two licensed exchanges to list ALEO. He further said that Aleo has become one of the top projects many have anticipated in the crypto space. Ben said HashKey Global will keep working on bringing top-notch assets and initial listing opportunities to its members all around the globe. Ben El-Baz, Managing Director of HashKey Global, stated:
“We are thrilled to be one of the two licensed exchanges to list ALEO. With its groundbreaking privacy protection technology and strong team background, Aleo has become one of the most anticipated projects in the blockchain space. HashKey Global will continue to bring more high-quality assets and initial listing opportunities to users worldwide.”
Aleo Tokens to Serve Several Purposes on the Network
The Aleo tokens have some important roles in the Aleo Network, including allowing users to access block space and computing power on the network. The protocol also rewards provers and validators with tokens for keeping the network secure, which further encourages a strong and decentralized network.
Moreover, the Aleo token can be staked with validators to help create blocks and secure the network. In return, stakers get a share of the network rewards. Lastly, people holding the token will also enjoy governance power after the mainnet launch as they can participate in decentralized governance, meaning they can vote on upgrades and changes to the protocol.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.Â
