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TeleSwap Bridge

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Category: Bridge

TeleSwap

TeleSwap facilitates trustless bridging of BTC and Runes across multiple blockchains including EVM chains and TON. The protocol operates through light-client verification technology that validates Bitcoin transactions directly on target chains without relying on centralized intermediaries. Users can exchange Bitcoin assets with ERC-20 tokens and Jettons while maintaining self-custody. The system employs economically incentivized nodes with collateral slashing mechanisms to ensure protocol compliance. TeleSwap claims to process cross-chain settlements in under 2 minutes with reduced fees compared to centralized exchanges.
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Funding Rounds

Funding Round: Public Sale
Funding Date: 1 Apr, 2024
Raised Amount: $7.1M
Funding Round: Seed
Funding Date: 1 Mar, 2023
Raised Amount: $2.5M

Investors