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BlockSwap Successfully Closes $2.5M Investment Round

Published 03/30/2021, 10:00 AM
BlockSwap Successfully Closes $2.5M Investment Round

  • BlockSwap has successfully closed a $2.5 million funding round.
  • The DeFi blockchain plans to use the funding to expand its services.
  • BlockSwap also plans to distribute 250 million tokens before its mainnet launch.

BlockSwap Network recently closed a successful funding round that raised $2.5 million in investments. As a result, the DeFi platform is now backed by investors like NGC, Wave Financial, and Algorand.

Notably, the BlockSwap project aims to use staking to redistribute wealth while nurturing a foundational user base. In fact, NGC Founding Partner Roger Lim noted,

BlockSwap’s vision of enabling anyone with a smartphone to a high yield savings account will help empower the unbanked and make society more inclusive.

Also, BlockSwap intends to use the investment fund to expand and improve its operations. Further, BlockSwap hopes that by ensuring ongoing blockchain development, existing users will feel encou...

This article was first published on coinquora.com

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