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Balance Token EPT Lists on MEXC, Bitget, Gate.io for Enhanced Transparency

Coin WorldMonday, Apr 21, 2025 12:31 pm ET
2min read

Balance Lab, the developer of the Balance Token (EPT), has successfully listed the token on three major cryptocurrency exchanges: mexc, Bitget, and Gate.io. This listing is a significant step in Balance Lab's mission to enhance transparency on centralized exchanges through public wallet audits. The EPT token is designed to support community governance, reward contributors, and fuel transparency-driven tools within the Balance ecosystem.

MEXC, one of the leading exchanges, launched the EPT/USDT trading pair on April 21, 2025. To promote the launch, MEXC initiated a campaign with a reward pool of 10,000 USDT, aimed at incentivizing early traders based on their spot trading volume. This move underscores MEXC's commitment to increasing trust on centralized platforms by providing open and transparent proof-of-reserve information.

Bitget, another prominent exchange, also opened spot trading for the EPT/USDT pair on the same date. Bitget had previously aligned with the Balance protocol by publishing its cold and hot wallet addresses and integrating them into the Balance dashboard to display real-time reserve data. The listing of EPT on Bitget signifies the exchange's endorsement of open auditing technology and its efforts to regain customer confidence in centralized custodians.

Gate.io, known for its community-driven approach, introduced EPT through its "Startup" launchpad. This platform allows users to vote for projects they would like to see listed. EPT quickly met the quota during this launch event, granting early supporters access to discounted tokens before trading began. Gate.io then listed the EPT/USDT pair on its spot market shortly after the voting campaign concluded. This method of onboarding fosters a closer relationship between token holders and the protocol, aligning with EPT's goals of decentralized governance and reward distribution.

The EPT token plays a crucial role within the Balance ecosystem. It serves as a reward mechanism for validators who maintain or audit proof-of-reserve books, grants governance power to token holders for protocol-level decisions, and funds the development of transparency-focused APIs, tooling, and educational materials. The Balance philosophy aims to make transparency verifiable and permissionless, decentralizing the instruments and incentives behind reserve verification to establish it as a standard for trust.

The multi-exchange listing of EPT reflects the growing market demand for infrastructure tokens that address real issues, such as trust and transparency. Following a series of exchange failures and liquidity crises, consumers are increasingly calling for greater transparency into the management of their funds. The concurrent listing on MEXC, Bitget, and Gate.io enhances EPT's liquidity and visibility across various user hubs, emphasizing the value of openness within the Web3 ecosystem.

As Balance continues to develop its reserve-monitoring architecture, the role of EPT in enabling contributors and shaping the future of financial transparency will become more apparent. With the support of three of the world's largest exchanges, balance lab is well-positioned to drive greater transparency and trust in the cryptocurrency market.

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MirthandMystery
04/21
Wow!The TSLA stock was in a clear trend, and I made $378 from it!
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Fefoe44
04/21
@MirthandMystery How long were you holding TSLA? Curious about your strategy.
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