KSwap-OKExChain ecosystem project has received several millions seed funding
KSwap, the DEX project developed on the OKExChain, announced that it has received a seed round of equity funding of several millions yuan from Continue Capital and the BenMo Capital. These three parties will develop in-depth cooperation in product design, development and operation.
KSwap is a decentralized trading platform based on the Automated Market Maker(AMM) , and supports a variety of mining functions, including liquid mining, transaction mining, etc. The KSwap team started the development at the end of 2020, and we have completed the development of the core functions and conducted a one-month public testing on the OKExChain testnet.
During the testing, we have made cooperation with many other projects in the OKExChain ecosystem. The number of users participating in the testing period exceeds 120,000, and the number of transactions exceeds 2 million. Moreover, trade pairs’ number also reached quite high which is nearly 400. All kinds of data show that KSwap is in a leading position in the OKExChain ecosystem. Meanwhile, KSwap is still in a rapid expansion, we will continue to work on optimizing the user experience. For projects who want to provide their liquidities in our platform, KSwap plans to develop NFT, IDO function and other sectors to provide better services for projects.
Starting from the second half of 2020, with the popularization of the concept of liquid mining, the Defi industry has developed rapidly. DEX as an infrastructure has become the most valuable product of the entire DeFi industry. As a high-quality DEX project on OKExChain, we believe KSwap has great potential in the future.
KSwap will make more collaborations with institutions and KOLs who empower KSwap, also, with other developers in this ecosystem, we will make greater OKExChain ecosystem together.