Turkey’s new generation cryptocurrency exchange CoinTR has signed a strategic partnership with EOS Network, one of the world’s leading layer 1 projects, to establish a Web3 laboratory/incubation center in Turkey. CoinTR, which aims to jointly direct the development of the local ecosystem by bringing new vitality to Turkey’s blockchain ecosystem with this landmark collaboration, announced this special partnership at its 2nd anniversary press conference.
EOS Network, the layer-1 project that started working on EOS Labs as a Web3 incubation center last April, stated that it will aim to revitalize the ecosystem for this project and that it will work in cooperation with the EOS Network Foundation (EOS Network Foundation) & EOS Network Ventures (ENV). As a mission, this project aims to support Web3 projects by connecting them with important resources and infrastructure and to create a stronger ecosystem; It aims to recruit professional talent from investment institutions, centralized exchanges and blockchain media. At the same time, EOS Labs, which builds a sustainable ecosystem by focusing on the development of tools by providing financing and infrastructure support to developers as a Web3 incubator, is bringing this project to the local ecosystem in partnership with CoinTR.
With this partnership, CoinTR and EOS Labs will collaborate to support and incubate local blockchain projects in Turkey, helping them achieve innovation in the blockchain field. In this context, cooperation covers many areas from financial support to technical assistance, from mentoring to marketing, introducing more developers to the EOS blockchain and ensuring that high-quality projects can be easily listed on the stock exchange.
With the relevant collaboration, “With the Labs project, we have the opportunity to contribute to Turkey’s growth in the field of crypto money and its competitive advantage on a global scale. “This collaboration aims to increase innovation in the sector by hosting pioneering projects in the blockchain and cryptocurrency industry.” CoinTR CEO Ali Eşelioğlu stated; He added that this cooperation will not only be limited to the incubation center, and that CoinTR will support the EOS mainnet and EOS EVM, contributing to the development of the EOS ecosystem and providing a better financial experience for Turkish and EOS community users.
Zack Gall, co-founder and CCO of EOS Network Foundation, emphasized the importance of the blockchain ecosystem in Turkey: “With its dynamic economy, forward-thinking perspective on regulations and interest in the crypto sector, Turkey is rapidly becoming a prominent player in the digital asset scene.” is transforming. “This partnership with CoinTR will be an important step in achieving our goal of nurturing and growing the Web3 ecosystem in this vibrant market.” He made a statement.
Turkey, the world’s fourth largest crypto market, has a significant market potential with more than 10 million active cryptocurrency users. With this strategic partnership, Turkey’s crypto power CoinTR brings its local expertise and resources; EOS, one of the most competitive blockchains, combines its high-performance infrastructure to support the development of the blockchain ecosystem in Turkey.
About CoinTR
CoinTR exchange, which started to provide services based in Istanbul in 2022, is prepared to become one of Turkey’s leading exchanges with its team members who are experts in their fields, formed by the combination of senior managers and product developers who have gained experience in well-known exchanges. It has recently made a confident entry into the sector by announcing its new CEO coming from the Central Bank of the Republic of Turkey and other board members coming from official institutions. CoinTR, which acts in accordance with official regulations and is subject to inspection by MASAK, operates as a local stock exchange on a global scale, as well as working integrated with state banks such as VakıfBank and Ziraat Bank.
About EOS
EOS Network, the blockchain project that transitioned to the main network in 2018, is one of the rapidly developing Layer-1 projects with its open source code and Proof of Stake (PoS) structure, and includes nearly 100 decentralized applications (dApps). $EOS, the network’s native asset, is available for trading on more than 20 centralized and decentralized platforms. The project, managed by the DAO called EOS Network Foundation (ENF), has begun to provide flexibility to network developers by developing an EVM-compatible structure. Announcing EOS Labs in 2023, ENF aimed to establish an incubation and financial support center for Web3 projects.
