XY Finance is proud to announce that we have raised $12 million from Circle (Circle Internet Financial), Infinity Ventures Crypto, Mechanism Capital, Morningstar Ventures, YGG (Yield Guild Games) and Animoca Brands. It saw major investors across the industry: exchange platforms, venture capital funds, research firms, GameFi DAO, and game developers such as MEXC Global, TRON Foundation, gCC (gumi Cryptos Capital), Lemniscap, Evernew Capital, PANONY, Axia8, Lookrare.vc. and so on
The funding is a testimony to the growing institutional confidence in the network and the enormous value it will bring to the crypto trading market. We look forward to leveraging the proceeds to achieve a long-term vision that will accelerate and enhance the overall cross-chain industry. XY Finance is the ultimate aggregator of cross-chain technologies for DeFi and Metaverse.
“XY Finance is at the cutting edge of DeFi and we are excited to partner with them in this multi-chain solution for the long-term benefit of the YGG community. And our players are rewarded with different earning games, so XY’s ability to improve blockchain interconnections saves transaction fees and provides a much better overall experience.” — Gabby Dizon, co-founder of Yield Guild Games (YGG).
Soaring Cross-Chain Demand & Innovative Customer Experiences
in the past year We are seeing more and more scalability solutions, including layer 2s, sidechains and roll ups, which are gaining attention from users and dApps from the DeFi, NFT and GameFi sectors.
According to DeFi Llama, Total Locked Value (TVL) on Ethereum accounted for 94.26 percent of the total TVL on all existing networks as of August 2, 2020. In particular, TVL on Ethereum dropped sharply to 28.36 percent. Just 65.90% on November 22, 2021, the sharp decline in the crypto world domination of Ethereum shows that crypto enthusiasts It is increasingly making its way into other competitive networks and increasing the need for cross-chain exchanges.
Despite the expansion of the industry But some systemic issues hinder the full potential of decentralized markets. In addition to the old and time-consuming transfer process. Users also incur high transaction fees. Preventable price shifts and costly execution by trading bots. Meanwhile, GameFi players and NFT collectors can now store, trade, and use NFTs only on the native network. They cannot transfer their NFTs to other chains. which does not make sense All of the above creates an unsatisfactory user experience that XY Finance is trying to fix.
This is why we introduce XY Finance, a next-level cross-chain integration platform. It facilitates the smooth and secure transfer of network assets, including NFT tokens, etc. Ultimately, this will help crypto owners save time and money while trading in a hassle-free environment.
“With its advanced chain bridge, XY Finance is driving the evolution of collaboration and enhancing the way platforms and systems connect.” — Yat Siu, Executive Chairman and Co-Founder of Animoca Brands.
Public token sale coming soon
XY Finance has deliberately distributed private finance channels to various entities to ensure maximum decentralization. In addition to taking advantage of experts in various fields of blockchain. And we are also a model project. Our fundamental element is decentralization. And this is done through the widespread distribution of our original tokens. This can offset the risk of large swings in future token price movements.
As a result, we are planning to hold an initial DEX offer (IDO) on December 9, 2021! We are searching for the best way to make our IDO a truly fair public finance industry. The goal is to address the unduly high threshold for IDO participation in promising crypto projects.
As soon as we launch IDO, XY Finance will release our governance token, the XY Token, meaning members of the crypto community can easily purchase IDOs from XY Finance without having to wait before mining. Please beware of fake tokens on DEX. We will provide the token contract address and link to the IDO page when the time is right.
refer : LINK