According to Foresight News, the Bitcoin cross-chain infrastructure TeleportDAO will conduct an IDO on CoinList from 1:00 on April 12 to 1:00 on April 19, with a price of $0.075, a minimum participation amount of $100 and a maximum of $1,000. 20% of the tokens will be unlocked after 75 days, and the remaining 80% will be unlocked linearly within 6 months.

TeleportDAO was founded in February 2022. It was previously selected for the 2022 summer batch of "CoinList Seed" and completed a $2.5 million seed round of financing, with participation from CoinList, SNZ Holding Limited and Gate Labs. The company is committed to developing a secure Bitcoin interoperability protocol that connects Bitcoin to all mainstream Bitcoin L2 and EVM chains. Its ecological products include TeleOrdinal, a cross-chain trading market that supports Ordinals and BRC-20, and TeleSwap, a trustless and highly secure BTC cross-chain bridge protocol.