AlgoBlocks Raises Total USD 2.3 MM to Bring Seamless, Beginner Friendly DeFi to More Crypto Users
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
AlgoBlocks raised USD 1.9 MM in its strategic and private funding, thanks to the addition of investors Draper Dragon and Kyber Ventures.
The total funding goal is to reach USD 2.3 Mil through raising an additional USD 400K in the public round through 2 market leading launchpads, Poolz and KrystalGo.
Public round fundraising with KrystalGO (April 07), Decubate (April 14) and Poolz (April 15). After the public round fundraising, it will be a simultaneous listing on MEXC and BitMart on April 19, 2022, 10:00 UTC.
The money raised will be used for product development and growth initiatives, such as partnership and technical integration with other protocols.
The team at AlgoBlocks remains within schedule to achieve its goals in the first quarter of 2022. Its public round fundraising is expected to start on 07 April 2022. The public round fundraising is launching with and KrystalGo, Decubate, Poolz. Also, it will be listed on MEXC and BitMart.
With the availability of AlgoBlocks in these platforms, its reach will expand to bring seamless and beginner-friendly DeFi to more users. One of the core goals is to provide an avenue to discover, invest, manage and automate DeFi investments with personalised signals and strategies in one place.
The platform will embrace cross-chain services to bring various blockchains in one platform. It aims to support a flexible integration with the largest number of supported products in the market.
As an all-in-one DeFi management platform, AlgoBlocks aims to simplify the process of interacting with multiple DeFi protocols across different blockchains. Here are the summary of product features that AlgoBlocks will offer
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