THORSwap DEX has raised financing in the amount of $3,75 million

The funds were received as part of a private tokensale

06.10.2021 - 10:00

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What's new? The CoinDesk portal has published a tweet with the results of the financing round of the THORSwap DEX, operating on the basis of THORChain. According to the data, the company managed to raise more than $3,75 million from major funds.

NEW: @THORSwap, a cross-chain DEX built on @THORChain, has raised $3.75 million in a private token sale led by @IDEOVC.@helenebraunn reportshttps://t.co/87Gvde23jJ— CoinDesk (@CoinDesk) October 5, 2021

Who participated in the tokensale? The project’s financing was led by IDEO CoLab Ventures and joined by other major foundation members such as True Ventures, Sanctor Capital, THORChain, Nine Realms, Proof Group, 0xVentures and Qi Capital.

How will the funds be spent? The financing will be used for further exchange scaling, launching new services and improving the liquidity provided. THORSwap currently supports Bitcoin, Litecoin, Bitcoin Cash, Binance Coin, Ethereum, and BEP-20 and ERC-20 tokens. The company’s current goal is to become a leading liquidity aggregate in the market.

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