CoinEx $50M Ecosystem Development Fund Points First Investment as OneSwap
CoinEx, a global and professional cryptocurrency exchange service provider, announced the launch of a $50 million Ecosystem Development Fund to back visionary companies whose products and services will facilitate the development of CoinEx’s ecosystem.
In addition to financial support, CoinEx will also provide professional advice about product design, technology development, brand building, and promotion at the project’s early stage. CoinEx hopes that in this way, it can foster innovations and promote the stable development of the blockchain industry.
“Before any investment, our team will conduct a thorough and multi-dimensional assessment of the project to ensure its quality and potential,” said Haipo Yang, Founder, and CEO of CoinEx. “Recently we have been focusing mainly on finding promising DeFi projects.”
Recommended AI News: FirstLight Expands Executive Leadership Team
Since the establishment of the Ecosystem Development Fund, the CoinEx team has conducted in-depth researches and analysis on dozens of DeFi projects worldwide. Finally, OneSwap successfully got the first investment from the Fund.
OneSwap is a fully decentralized exchange protocol on smart contract, with permission- free token listing and automated market making (AMM). Its official website has already been launched.
Users are able to establish liquidity pools without permission, and make markets through automated algorithms. It also supports liquidity mining and trade-driven mining simultaneously, providing both platform tokens and transaction fees as revenues.
In addition, in order to meet the diverse transaction needs of users, the traditional order book is also available on OneSwap. Users will not be forced to accept platform-set price transactions but place limit orders by themselves. This enables more flexibility to the trading.
Recommended AI News: Yellowbrick And Protegrity Partner On Data Security And Privacy
OneSwap refines and upgrades the advantages of major platforms in the DeFi ecosystem such UniSwap, Curve, Balancer, and Kyber Network, and combines the product design based on users’ trading habits to create more powerful platform.
“CoinEx has always been optimistic about the future of decentralized exchanges, and OneSwap’s innovative concept as a decentralized protocol has surprised me. This is also the main reason why CoinEx’s Ecosystem Development Fund chose to invest in this project. We have made this first step, and there will be more room for the cooperation between CoinEx and OneSwap in the future,” said Haipo.
Recommended AI News: Zycus Launches AI-Driven AP Automation Bots