Crypto Deal Flow: August 21–23
The cryptocurrency industry continues to seethe with big deals. Consider the latest 8 news.
- INX Exchange| $117m | IPO
On August 17, we already talked about the plans of the INX exchange for an IPO. Now the exchange has announced the date of the IPO. We are specifically announcing this event once again, because it can give a strong impetus to the development of STO. INX IPO kicks off today, 24 August, with $117m expected to be raised. Tokens are issued on the Ethereum blockchain.
INX Exchange: https://www.inx.co/
2. IOST| $6m | new fund
On August 13, the IOST blockchain team already announced the opening of a $1m DeFi fund. And on August 20, the IOST DeFi Fund 2.0 is already announced. This time, the fund amount has been expanded to $6m.
Source: https://btcmanager.com/iost-all-in-defi-6-million-defi-incentive-fund-2-0/?q=/iost-all-in-defi-6-million-defi-incentive- fund-2–0
3. Polychain Capital| $19.5m |new money
Polychain Capital has raised an additional $ 19.5m to its fund over the past year. Among the fund’s latest investments, we can mention such projects as Acala Network, KeeperDAO, CoinDCX and others.
Polychain Capital: https://polychain.capital/
4. Bancor| undisclosed sum| ParaFi Capital | strategic round
ParaFi Capital invested in Bancor’s decentralized protocol. The investment amount has not been disclosed. Bancor is currently testing the second version of its protocol. In the future, the implementation of liquidity mining is expected (BNT tokens will be mined in the process of providing liquidity).
5. Transak | The LAO
Decentralized fund The LAO (or thelaoofficial) has invested in payment startup Transak, which allows organizing the exchange of fiat for cryptocurrencies in applications. Information about the deal and voting can be viewed at the link.
6. Ramp DeFi| $1m| Alameda Research, ParaFi Capital, XRP Capital, IOST, Signum Capital, Ruby Capital and Blockwater VC | private sale
Ramp DeFi raised $1m in a private round from Alameda Research, ParaFi Capital, XRP Capital, IOST, Signum Capital, Ruby Capital and Blockwater VC. Ramp allows you to get liquid assets based on staked assets, which will further inflate the cryptocurrency market. I would compare this project to Stafi. Ramp has a partnership with Elrond.
Source: https://www.globenewswire.com/news-release/2020/08/23/2082295/0/en/RAMP-DEFI-Raises-Over-1-Million-to-Build-a-Cross-Chain-Liquidity- Ramp-to-Unlock-Staked-Digital-Assets.html
7. Riot Blockchain| $17.7m| Bitmain | miners are bought
Riot Blockchain buys Bitmain Antminer S19 Pro miners from Bitmain for $17.7m. Delivery will take place in January-April 2021. By the way, Riot has stocks that are listed on the Nasdaq.
Riot Blockchain: https://www.riotblockchain.com/
8. BTswap| undisclosed sum| Signal Ventures, Alphabit, GBIC, CollinStar Capital, Consensys Lab and FBG Capital | private sale
The BTswap decentralized protocol has received investments from Signal Ventures, Alphabit, GBIC, CollinStar Capital, Consensys Lab and FBG Capital. The investment amount has not been disclosed. The project is similar to Uniswap, but users can mine tokens.