Lithuanian peer-to-peer crypto-asset swapping startup 123swap closes $210k seed round

Lithuanian peer-to-peer crypto-asset swapping startup 123swap closes $210k seed round

Published: 26-11-2021 10:45:00 | By: Pie Kamau | hits: 592 | Tags:

Lithuanian peer-to-peer crypto assets swap platform 123swap Finance announced it closed $210k seed round funding from a number of angel investors, including Becker Venture Capital and Steven Becker, as well as other notable investors such as Polygon (Matic) Technology and other firms, VCs and others.

123swap finance protocol aims to build:

  • One window place for crypto users for easy usage of any blockchain assets.
  • Make crypto assets work in various ways. Money should do more money. Stake, farm, mint NFT in any blockchain.
  • To provide a seamless user experience by allowing users to access the whole crypto market in one location while never compromising the security of their private keys.

 

Tomas Ambrazas, CEO and Co-founder, 123swap: "We are really proud of what investors joined for the seed round as they saw our long-term business possibilities, etc. During this round we had many talks, with many VCs, Blockchains, Angels, and Companies. Some of them joined the private round as the seed round was closed already. I'm really proud of my team, who are working 24 hours and had integrated 9 Blockchains already and working hard to add much more. The public sale will be in December so my team can bring one of the best cross-chain bridges before that. Moreover, our investors are actively participating, advising, and bringing much-needed help to bring fuel for the 123swap launch."

The 123swap protocol is a decentralized financial ecosystem that facilitates peer-to-peer crypto-asset swapping. Bridge assets, NFT swaps and many more possibilities. All without the need for an intermediary. The platform promises to simplify the crypto trading method while decreasing slippage. The 123swap platform provides a variety of DeFi options for blockchain assets across many blockchains

  • NFT Minting
  • Swapping
  • Staking
  • Yield Farming

 

The cross-chain value exchange mechanism enables platform users to conduct peer-to-peer transactions across any chain. 123swap finance protocol has implemented interoperability with heterogeneous chains including Ethereum, Fantom, Avalanche, Binance Smart Chain, HECO eco, OKEXChain, Moobeam, Harmony, Polygon and much more in the future like Bitcoin, Neo, Ontology, Elrond, Zilliqa, Arbitrum, Cosmos-SDK, XDAI, Optimism, Algorand, Cardano, Solana, Near and many many more. 123swap finance also aggregate liquidity to allow users make swaps already.  

www.123swap.finance