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Derivatives Exchange GlobeDX Raises $18M in Seed Round Led by Blockchain VCs

[Press Release – London, England, 28th April, 2021,] GlobeDX (Globe Derivative Exchange) has completed an $18 million funding round led by major blockchain investors. Y Combinator, Pantera Capital, Draper Dragon, Republic Crypto, OKEx, CMT Digital, and Wave Financial all participated in the round to support the development of a best-in-class derivatives trading platform. As a […]

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[Press Release – London, England, 28th April, 2021,]

GlobeDX (Globe Derivative Exchange) has completed an $18 million funding round led by major blockchain investors. Y Combinator, Pantera Capital, Draper Dragon, Republic Crypto, OKEx, CMT Digital, and Wave Financial all participated in the round to support the development of a best-in-class derivatives trading platform.

As a next-generation cryptocurrency exchange, GlobeDX prides itself on excellent market depth, high leverage, and access to the Crypto Volatility Index perpetual. Its team’s goal is to make the cryptocurrency industry more accessible to mainstream users and to drive down the barriers to entering the cryptoconomy.

As institutional demand for Bitcoin and other crypto assets increases, VCs are paying close attention to enterprising crypto projects that are seeking to capture a slice of the lucrative exchange market.

“Built by trad-fi veterans, Globe has built the infrastructure to support cutting edge financial products such as the VIX perpetual. This opens up new trading strategies much needed in the industry, and we look forward to continuing this trend to build world-class trading community on our exchange”, said GlobeDX CEO James West.

GlobeDX has forged key partnerships with the likes of MXC and Hotbit to tap into liquidity from multiple sources and support global access to perpetual futures with Bitcoin collateral.

Users of GlobeDX will be able to trade Bitcoin, Ethereum, and various defi tokens at up to 100x leverage. Careful consideration has been applied to making the exchange appealing to advanced cryptocurrency users while also providing a solid foundation for novice traders.

“The GlobeDEX team has been building quietly and we think now’s the perfect time for them to shine, with incumbents like BitMEX facing new challenges and defi catching the attention of sophisticated market players,” said Franklin Bi of Pantera Capital.

GlobeDX’s native DGT token will serve a pivotal role in the platform’s development, providing discounted trading fees. Users can also earn Globe Rewards boosts by staking GDT. These take the form of raffle tickets through which users can win BTC. Finally, GDT can be utilized as margin for trading pairs to amplify users’ trading results.

About GlobeDX

GlobeDX is a crypto derivatives exchange pioneering an array of new products while delivering performance beyond any existing crypto or traditional financial exchange. Globe is backed by Y Combinator, Tim Draper, and Pantera Capital and recently ran a larger presale than Binance that attracted over 200 strategic partners to support its goal of building the future of digital asset markets.

Join our community channels: Website | Twitter | Telegram

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Source: https://cryptopotato.com/derivatives-exchange-globedx-raises-18m-in-seed-round-led-by-blockchain-vcs/

Blockchain

Major Law Firm CMS Adds Stratis (STRAX) to its Legal Accelerator Program

Blockchain-based services company Stratis was selected to become the newest member of CMS’s legal accelerator program.

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The large law firm CMS selected the blockchain service company Stratis, for its equIP legal accelerator program. As a result, Stratis and CMS will offer support and guidance to startups requiring legal counsel.

CMS Adds Stratis to Accelerator Program

Founded in 1999, CMS is an integrated, multi-jurisdictional organization of law firms that offers full-service legal and tax advice. The firm has more than 70 offices in over 40 counties with nearly 5,000 lawyers.

In a press release shared with CryptoPotato, Stratis announced a partnership with CMS. The former is a blockchain-based project offering enhanced security, reliability, and performance through its DLT system.

This means that Stratis will join the law firm’s legal accelerator program called CMS equIP. The integration will enable the blockchain-based service company to “easily tap into CMS’s expert legal teams across the firm’s 70 offices worldwide.”

Stratis will also enjoy “steep” discounts and will be able to access the law firm’s network of investors, tech companies, and startups.


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The CMS equIP program will offer support to startups requiring legal counsel. However, they would need to pass “stringent” selection processes.

“We are please do welcome Stratis to the CMS equIP fold. It has and continues to set a remarkable track record in supporting new businesses and startups that are being built by some of the brightest minds in the country.

As we build a center of excellence for legal services specifically for blockchain companies, and in EmTech generally, Stratis will form an important part of this.” – commented Charles Kerrigan, CMS Partner.

Crucial Importance for Stratis

The statement outlined the “critical” benefits coming in Stratis’ way after receiving access to the “best legal advice in the world.” Furthermore, the partnership could also serve as a major first step towards bridging the gap between companies from within and outside of the cryptocurrency industry, especially in times when global regulations are looming.

Stratis Founder and CEO Chris Trew also highlighted the significance of this integration for this company:

“Being selected to become a member of CMS’s exclusive equIP program is a tremendous achievement for Stratis and a testament to the fantastic technology we have built and delivered. As the first blockchain-based project to be admitted to the program, I look forward to exploring opportunities and collaborating with other innovative equIP members.”

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Source: https://cryptopotato.com/major-law-firm-cms-adds-stratis-strax-to-its-legal-accelerator-program/

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Moma Protocol Completes $2.25M Round to Create Infinite Liquidity for DeFi Lending Markets

[Press Release – Singapore, Singapore, 6th May, 2021] Moma Protocol, an innovative solution to solve scalability, liquidity and speculation needs in the current DeFi lending market, has completed a $2.25 million dollar round of funding led by Fundamental Labs and SevenX Ventures. Moma Protocol creates, manages, accelerates, and aggregates lending markets through a proprietary smart […]

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[Press Release – Singapore, Singapore, 6th May, 2021]

Moma Protocol, an innovative solution to solve scalability, liquidity and speculation needs in the current DeFi lending market, has completed a $2.25 million dollar round of funding led by Fundamental Labs and SevenX Ventures.

Moma Protocol creates, manages, accelerates, and aggregates lending markets through a proprietary smart contract factory, creating an ecosystem that allows for the infinite expansion of lending liquidity and market diversity. Moma Protocol was incubated and supported by Lichang, a community App with over a million registered users. Since the protocol’s concept inception, the concept of “improving the scalability of the DeFi lending market” has been favored by the crypto market and recognized by the community.

The investors in this round include Fundamental Labs, a highly reputable blockchain fund that has invested in Coinbase, and also SevenX Ventures, which has over 100 successful investments in it’s portfolio, as well as other investors including AU21 Capital, Blocksync Ventures, BuildingBlocks, Coins Group, Consensus Investment, DFG Capital, FBG Capital, Finlink Capital, Lotus Capital, Magnus Capital, Moonrock Capital, Moonwhale Ventures, Oasis Capital, Spark Digital Capital, Waterdrip Capital, X21 Digital and Zee Prime Capital.  (Participating institutions in alphabetical order).

As an ecosystem with unlimited expansion of lending liquidity and market diversity, Moma Protocol can enrich the DeFi lending market by opening up new lending markets for long-tail digital assets.

SevenX’s spokesperson points out the reason for his bullish view on the Moma Protocol: “As the most important foundation pillar of DeFi architecture — the lending agreement, Moma has made a unique and permissionless innovation here, which greatly enriches the diversity of the market. It has huge potentials to become a scalable platform covering both the mainstream and long tail digital assets.”

Commenting on the investment in Moma Protocol, FBG’s founder Shuji Zhou said, “The DeFi market has seen explosive growth over the past year, with more and more assets being swept up in the DeFi wave. Moma Protocol meets the lending needs of long-tail assets by providing a proprietary smart contract factory that combines the strengths of Uniswap and Compound, to produce an unlimited number of customizable lending pools, thereby bringing more assets into the current lending market to increase the liquidity, diversity and scalability of the DeFi ecosystem, which is something to look forward to. ”

Moma Protocol’s Founder and CEO, Ocean Liao: “I believe that the goal that Moma Protocol wants to achieve is to create an expandable, scalable and flexible infrastructure for the DeFi world in 5-10 years, in a way that everyone can freely participate. I am optimistic about the DeFi ecology and the lending scenario, and I am happy to be able to drive Moma Protocol to explore the future with the infinite liquidity-generating factory model that fascinates me the most. We are ready to set sail!”

About Moma Protocol

As a solution to meet users’ demand for liquidity, scalability, and speculation needs in the DeFi lending markets, Moma Protocol produces, manages, accelerates and aggregates the lending market through a proprietary smart contract factory, creating an ecosystem that can expand infinitely in lending liquidity and market diversity. The beta version of the product has currently been online and the official version of the product will be live in Q2 2021.

Team

CEO Ocean

Master Degree at Fudan University, senior programmer, serial entrepreneur in the blockchain industry with solid experience in initiating projects such as Gravity (300,000 users), Lichang (1 million users), TokenUp wallet (100,000 users); respected veteran in the Chinese community.

CTO V.C

Master Degree at Fudan University, senior blockchain developer, independently led the development, testing, and deployment of two Ethereum-based DeFi projects, and was involved in the launch of the mainnet and application development of blockchain projects such as EOS, Platon and Worbli.

CMO Virginia

Co-founder of Coins Group, a crypto fund based in Hong Kong, 12 years of experience in digital marketing and internet start-up building; 4 years of experience in blockchain investment and project incubation, invested in over 30 blockchain projects

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Source: https://cryptopotato.com/moma-protocol-completes-2-25m-round-to-create-infinite-liquidity-for-defi-lending-markets/

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Blockchain

Moma Protocol Completes $2.25M Round to Create Infinite Liquidity for DeFi Lending Markets

[Press Release – Singapore, Singapore, 6th May, 2021] Moma Protocol, an innovative solution to solve scalability, liquidity and speculation needs in the current DeFi lending market, has completed a $2.25 million dollar round of funding led by Fundamental Labs and SevenX Ventures. Moma Protocol creates, manages, accelerates, and aggregates lending markets through a proprietary smart […]

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Published

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[Press Release – Singapore, Singapore, 6th May, 2021]

Moma Protocol, an innovative solution to solve scalability, liquidity and speculation needs in the current DeFi lending market, has completed a $2.25 million dollar round of funding led by Fundamental Labs and SevenX Ventures.

Moma Protocol creates, manages, accelerates, and aggregates lending markets through a proprietary smart contract factory, creating an ecosystem that allows for the infinite expansion of lending liquidity and market diversity. Moma Protocol was incubated and supported by Lichang, a community App with over a million registered users. Since the protocol’s concept inception, the concept of “improving the scalability of the DeFi lending market” has been favored by the crypto market and recognized by the community.

The investors in this round include Fundamental Labs, a highly reputable blockchain fund that has invested in Coinbase, and also SevenX Ventures, which has over 100 successful investments in it’s portfolio, as well as other investors including AU21 Capital, Blocksync Ventures, BuildingBlocks, Coins Group, Consensus Investment, DFG Capital, FBG Capital, Finlink Capital, Lotus Capital, Magnus Capital, Moonrock Capital, Moonwhale Ventures, Oasis Capital, Spark Digital Capital, Waterdrip Capital, X21 Digital and Zee Prime Capital.  (Participating institutions in alphabetical order).

As an ecosystem with unlimited expansion of lending liquidity and market diversity, Moma Protocol can enrich the DeFi lending market by opening up new lending markets for long-tail digital assets.

SevenX’s spokesperson points out the reason for his bullish view on the Moma Protocol: “As the most important foundation pillar of DeFi architecture — the lending agreement, Moma has made a unique and permissionless innovation here, which greatly enriches the diversity of the market. It has huge potentials to become a scalable platform covering both the mainstream and long tail digital assets.”

Commenting on the investment in Moma Protocol, FBG’s founder Shuji Zhou said, “The DeFi market has seen explosive growth over the past year, with more and more assets being swept up in the DeFi wave. Moma Protocol meets the lending needs of long-tail assets by providing a proprietary smart contract factory that combines the strengths of Uniswap and Compound, to produce an unlimited number of customizable lending pools, thereby bringing more assets into the current lending market to increase the liquidity, diversity and scalability of the DeFi ecosystem, which is something to look forward to. ”

Moma Protocol’s Founder and CEO, Ocean Liao: “I believe that the goal that Moma Protocol wants to achieve is to create an expandable, scalable and flexible infrastructure for the DeFi world in 5-10 years, in a way that everyone can freely participate. I am optimistic about the DeFi ecology and the lending scenario, and I am happy to be able to drive Moma Protocol to explore the future with the infinite liquidity-generating factory model that fascinates me the most. We are ready to set sail!”

About Moma Protocol

As a solution to meet users’ demand for liquidity, scalability, and speculation needs in the DeFi lending markets, Moma Protocol produces, manages, accelerates and aggregates the lending market through a proprietary smart contract factory, creating an ecosystem that can expand infinitely in lending liquidity and market diversity. The beta version of the product has currently been online and the official version of the product will be live in Q2 2021.

Team

CEO Ocean

Master Degree at Fudan University, senior programmer, serial entrepreneur in the blockchain industry with solid experience in initiating projects such as Gravity (300,000 users), Lichang (1 million users), TokenUp wallet (100,000 users); respected veteran in the Chinese community.

CTO V.C

Master Degree at Fudan University, senior blockchain developer, independently led the development, testing, and deployment of two Ethereum-based DeFi projects, and was involved in the launch of the mainnet and application development of blockchain projects such as EOS, Platon and Worbli.

CMO Virginia

Co-founder of Coins Group, a crypto fund based in Hong Kong, 12 years of experience in digital marketing and internet start-up building; 4 years of experience in blockchain investment and project incubation, invested in over 30 blockchain projects

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/moma-protocol-completes-2-25m-round-to-create-infinite-liquidity-for-defi-lending-markets/

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Blockchain

KnitFinance Raises $1M in a Round Led by Leading Blockchain Investors

[PRESS RELEASE – Please Read Disclaimer] May 6, 2021, British Virgin Islands – KnitFinance, the first Polkadot-based cross-chain asset wrapping protocol is pleased to announce that it has successfully raised $1 million in its latest fundraising round. This comes as KnitFinance approaches its SHO on DAO Maker scheduled to take place on May 17. The […]

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[PRESS RELEASE – Please Read Disclaimer]

May 6, 2021, British Virgin Islands – KnitFinance, the first Polkadot-based cross-chain asset wrapping protocol is pleased to announce that it has successfully raised $1 million in its latest fundraising round. This comes as KnitFinance approaches its SHO on DAO Maker scheduled to take place on May 17. The project’s initial market cap is ultra-low with immense scope for exponential growth.

Reputed blockchain technology investors who helped successfully close the funding round include DAO Maker, AU21 Capital, LD Capital, Orion, x21, Nabais Capital, Insight Capital, Momentum 6, Bitcoin.com, pSquare Capital, Chronos Ventures.

Apart from the above, CXOs of many prominent projects have also pledged their support as investors. The fundraising attracted immense participation, leading to 50x growth commitments.

Along with capital support, the investors have joined hands to bootstrap liquidity on platforms like Uniswap and to help offer a smooth experience to users right from the start. They will also help the KnitFinance team engage in global and regional marketing efforts to generate awareness globally about the platform and its mission.

30 more well-known projects with some of them boasting of multi-billion dollar valuations have also partnered with KnitFinance. The news regarding the same will be announced very soon. KnitFinance team consists of highly respected veterans from the cryptocurrency and blockchain industry.

The platform’s Beta version already went live last December and is currently supporting wrapped assets on 5 blockchains. KnitFinance bridges multiple chains by making multiple assets available on every compatible blockchain network. The platform’s real-world insured wrapped token feature ensures that any digital and lockable asset can be yielded, lent, borrowed, margin traded, and farmed enabling billions of dollars of idle assets to be productive in turn expanding the useability of the DeFi ecosystem.

Knit locks assets with custodians in the real world, which are insured up to $350 million, bringing real-world and reliable insurance into DeFi.This will potentially enable the next wave of liquidity, real-world assets worth trillions of dollars to enter the DeFi world onto multiple chains.

The platform is working to elevate the financial inclusion quotient of DeFi to much higher levels and reduce the entry barriers and asset risk for potential users at the same time. It is 100% decentralized and is solely dependent on user consensus for governance.

The team behind the platform is working tirelessly to give shape to this belief. Together with an enthusiastic community and network of partners, they are charged up in their mission to unlock the true potential of DeFi.

Furthermore, KnitFinance plans to list their native k tokens on top-tier crypto exchanges, such as Binance, Huobi Global, OKEx, Kucoin, Gate.io, etc., enhancing the global liquidity of KNIT tokens and as well as wrapped assets in the future.

Connect with us for more information on:

Website: https://knit.finance
Telegram community: https://t.me/knitfinance
Telegram channel: @knitfinanceann
Twitter: https://twitter.com/KnitFinance

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Source: https://cryptopotato.com/knitfinance-raises-1m-in-a-round-led-by-leading-blockchain-investors/

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