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Crypto DEX MakiSwap Raises $1.4M From Leading Investors

Cryptocurrency Apr 14, 2021 09:30AM ET
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Crypto DEX MakiSwap Raises $1.4M From Leading Investors
 
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  • MakiSwap has raised $1.4 million in private and seed funding.
  • The funds will be used to build a YFI and AMM exchange on Heco.
  • Heco projects are now moving their focus to a global level.

Huobi Eco Chain (Heco) based Decentralized Exchange (DEX) MakiSwap has raised $1.4 million in private and seed funding. These funds will be used to build a Yield Farming (YFI) platform and Automated Market Maker (AMM) exchange on Heco.

Inclusion Capital led the oversubscribed round, which incubated and supported MakiSwap in its development. Kenetic Capital, LD Capital, NGC Ventures, Polygon Network, DAO Maker, Momentum 6, AU21 Capital, Xend Finance, also attended the funding round, among others. Terra Virtua founder, Jawad Ashraf, also joined as a private investor.

Leading AMM MakiSwap on Heco

MakiSwap was developed by a cross-chain DEX aggregator and Decentralized Finance (DeFi) platform Unilayer. The exchange provides fantastic features, made while having professional traders in mind.

Along with this, the exchange also offers lucrative YFI designed to pull users into the new blockchain and protocol. MakiSwap is powered by its governance token MAKI. It is expected to airdrop to holders of LAYER token on the Ethereum and Binance Smart Chain.

Kenetic Founder and Managing Partner Jehan Chu said,

MakiSwap is leading a new wave of Defi by empowering Huobi’s ECO chain community with key tools and infrastructure. We are excited to support MakiSwap in helping to transform global finance through Defi.

MakiSwap is the leading Heco-based AMM, which is a high-performance blockchain supporting the Ethereum Virtual Machine. Heco, in turn, was launched by Huobi Global exchange to great support from the Chinese and Asian-Pacific markets.

Furthermore, Heco projects are now moving their focus to the global market to bring in DeFi users from other regions and other blockchains.

This article was first published on coinquora.com

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Crypto DEX MakiSwap Raises $1.4M From Leading Investors
 

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