Coinopening
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Coinopening
No Result
View All Result
Home Press Release

MXC to Launch New Investment Fund to Support Solana Foundation’s Ecosystem

by Press Release
April 2, 2021
in Press Release
0
MXC to Launch New Investment Fund to Support Solana Foundation’s Ecosystem
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

Leading cryptocurrency exchange commits finances to fuel the growth of projects and expand go-to-market resources for dApp and protocol development

World leading cryptocurrency exchange, MXC, have joined hands partnering with Solana Foundation, to launch a strategic investment fund that will bring a total of US$20 million of new capital to accelerate the growth and development of key projects in the Solana ecosystem.

Solana’s layer 1 proof of stake network has grown at an exponential rate, with 560+ active community validators around the world who have produced over 70 million blocks and processed over 14 billion transactions. Since the launch of its mainnet beta in 2020, Solana has attracted industry-leading projects like Serum, Chainlink, Terra, Audius, USDC, USDT, and more to deploy on its blockchain. 

Related articles

HedgeFundBank Confirms Establishment of a Branch in South Africa, Anticipated to Boost Employment and Investment

ICP.Hub Portugal Brings Together Developers, Entrepreneurs & Investors To Accelerate Projects

“We are delighted to have MXC’s support in the  growth and development of the Solana Ecosystem. This strategic alignment and sharing of resources will prove to be incredibly valuable for the projects that are currently developing on the Solana blockchain,” said Anatoly Yakovenko, President of the Solana Foundation. “We look forward to working closely with the MXC teams to provide the necessary support for all dApps and projects built on Solana to succeed.”

“MXC Exchange aims to foster closer collaboration with the most promising blockchain ecosystems, and this investment sets forward our belief and commitment to shepherding the success of the dApps and platforms built on Solana,” said Katherine Deng, Vice President of MXC Exchange. “As the first stop for high-quality blockchain projects, working strategically with the Solana team ties in naturally with our vision and market position.”

MXC Exchange is the leading spot-trading crypto exchange in China and the Asia Pacific region. Established in 2018, MXC has compliance licenses in five countries with 752 pairs and a daily trade volume of approximately USD 4-Billion. By investing in the Solana ecosystem, MXC aims to bring resources and provide guidance to projects looking to access the Asia institutional and retail markets.

In the last month alone, over 50 market-ready projects launched on Solana. These included industry-leading DeFi applications, markets for NFTs, and infrastructure to support the next generation of Web 3 companies. Recent initiatives such as the Solana x Serum DeFi Hackathon saw 100+ project submissions from 3,000 builders, just as Raydium, an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the Serum decentralized exchange (DEX), surpassed $160m total value locked, increasing more than 3000% in less than two months.

About MXC Exchange

Established in April 2018, MXC Exchange is one of the world’s leading digital-asset trading platforms which offers users one-stop services including spot, margin, leveraged ETF, derivatives trading and staking services. The core members of the team come from world-class enterprises and financial companies, who have rich experience in blockchain and financial industries. We offer the most comprehensive marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks, and formulate their strategies to maximize gains and mitigate risks. For more information, please visit www.mxc.com.

About Solana

Solana is a Layer 1 Proof-of-Stake protocol delivering decentralized scalability and security for Web 3 applications. As the top performing blockchain selected by projects with high user activity and transaction volumes, Solana is able to achieve breakneck speeds for processing t aims to foster closer collaboration with the most promising blockchain ecosystems ransactions at costs less than $0.0001. Founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, Solana is the first web-scale blockchain capable of supporting the future growth of decentralized apps, exchanges, platforms and more. For more information about Solana, please visit: www.solana.com

Related Posts

HedgeFundBank Confirms Establishment of a Branch in South Africa, Anticipated to Boost Employment and Investment
Press Release

HedgeFundBank Confirms Establishment of a Branch in South Africa, Anticipated to Boost Employment and Investment

December 8, 2023
Portugal Blockchain Report: ICP Takes Center Stage in the Growing Ecosystem
Press Release

ICP.Hub Portugal Brings Together Developers, Entrepreneurs & Investors To Accelerate Projects

December 8, 2023
Gamofi Officially Launches No-Code Develop-to-Earn Game Platform
Press Release

Gamofi Officially Launches No-Code Develop-to-Earn Game Platform

December 8, 2023
The Dawn of a New Political Era: The Other Party Launches, Transforming Democracy with Blockchain
Press Release

The Dawn of a New Political Era: The Other Party Launches, Transforming Democracy with Blockchain

December 8, 2023
NEMOme Chosen as Official Communications App to Build Community through Real Life Connections at Coinagenda Caribbean
Press Release

NEMOme Chosen as Official Communications App to Build Community through Real Life Connections at Coinagenda Caribbean

December 8, 2023
Hack Taipei boasts Taiwan’s blockchain talent and global ties
Press Release

Hack Taipei boasts Taiwan’s blockchain talent and global ties

December 8, 2023

POPULAR NEWS

Top 10 NFT marketplace on BSC

Top 10 NFT marketplace on BSC

June 1, 2021
ChatCrypto develops AI-Powered Blockchain Solution to Reform the Cryptocurrency Market

ChatCrypto develops AI-Powered Blockchain Solution to Reform the Cryptocurrency Market

April 4, 2023
Crypto Funds’ Bitcoin Holdings Rise as Investor Demand Rebounds

Crypto Funds’ Bitcoin Holdings Rise as Investor Demand Rebounds

April 4, 2023
Bictory Finance- Deploys its Holistic Financial Products on Concordium Network

Bictory Finance- Deploys its Holistic Financial Products on Concordium Network

June 1, 2021
Trump NFTs Sales Spike Following Ex-President’s Arraignment in New York

Trump NFTs Sales Spike Following Ex-President’s Arraignment in New York

April 4, 2023

EDITOR'S PICK

Judge Makes No Ruling in SEC-Binance Document Dispute

Judge Makes No Ruling in SEC-Binance Document Dispute

September 18, 2023
Squirrels Club NFT To Launch In April: An Innovative NFT Learning Environment

Squirrels Club NFT To Launch In April: An Innovative NFT Learning Environment

May 16, 2022
Odasea the project fusing anime and the blockchain

Odasea the project fusing anime and the blockchain

March 13, 2023
FTX Founder Sam Bankman-Fried Jailed Ahead of Trial

Sam Bankman-Fried’s Defense Renews Push for ‘Temporary Release’ Ahead of October Trial

August 28, 2023

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation
  • Uncategorized

Recent Posts

  • Tether Freezes 41 Crypto Wallets Tied to Sanctions
  • Doge Founder Calls Out Senator Warren For Anti-Crypto Stance, Elon Musk Agrees
  • Bitcoin ‘Targeting $50,000’ In Early December, These Analysts Say
  • Catalyst Or Controversy In The Crypto Universe?
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 coinopening.com

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Cryptocurrency
    • Altcoin
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 coinopening.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003680-6.82%
  • lympoLympo(LYM)$0.004392-4.43%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • CornichonCornichon(CORN)$0.073096-0.86%
  • StacyStacy(STACY)$0.0007100.00%
  • RelevantRelevant(REL)$0.780.38%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%