Financial NewsDuplicate Finance Raises Seed Funding to Build Out Synthetic...

Duplicate Finance Raises Seed Funding to Build Out Synthetic Assets Trading Platform

Berlin, Germany, 1st May 2021, ZEXPRWIRE, Duplicate Finance announced that they have raised $250k in the seed round from their close partners and advisors.

Speaking on the latest developments, Duplicate Finance CEO and Founder Lukas Heimer said:

“We are very grateful at the level of interest our team has gotten during the seed round and we are working tirelessly to exceed the expectations from our community & investors.”

Duplicate Finance was founded in late 2020 and it is committed to become the biggest synthetic asset trading platform. Unlike other synthetic asset trading platforms, Duplicate is the first ever trading platform that plans to launch leveraged equity synthetic assets in Q3 2021, essentially making it possible to trade FAANG stocks, $TSLA, $GME with a leverage of 3 to 5x – simply by using your Metamask wallet.

Duplicate Protocol will be a fully decentralized platform governed by the community using the DAO mechanism. 40% of the token supply will be used for community incentives.

The Duplicate Protocol economic model is seeking a balance between protecting the interests of all participants and the development of the ecosystem.

Duplicate Finance is currently conducting the private sale fundraising and the team is on ongoing talks with multiple leading blockchain VC funds.

The project has been under development since late 2020 and according to CEO Lukas Heimer, DUPL token will start trading in Uniswap in the first week of June.

Media Contact:
Stefanie Heiss
[email protected]
Website: https://duplicate.finance
Telegram Group: https://t.me/DuplicateFinance
Twitter: https://twitter.com/DuplicateDeFi
Blog: https://duplicatefinance.medium.com

The post Duplicate Finance Raises Seed Funding to Build Out Synthetic Assets Trading Platform appeared first on Zex PR Wire.

Latest news

Binance Smart Chain (BSC): a new mechanism to develop the system

The developers of Binance Smart Chair (BSC) have released a proposal to improve the BEP-95 ecosystem, including a mechanism to burn...

Bitcoin (BTC) Analysis, Ethereum (ETH) Analysis: October 21, 2021

Bitcoin (BTC) Unsurprisingly, bitcoin established a new ATH. It would be enough to reach $ 65,000 (€ 55,849), but the bulls decided to...

There will be sports on Polygon (MATIC)! DrafKings becomes network validator

As of May 2021, the Polygon (MATIC) blockchain has become one of the favorite alternatives to Ethereum (ETH) for DeFi users and...

Pakistan not to ban bitcoin (BTC) and other cryptocurrencies

Minister of State for Parliamentary Affairs Ali Muhammad Khan met yesterday in Pakistan with representatives of the National Assembly. The...

What is 2FA (Two-Factor Authentication)?

2FA is the English abbreviation for Two-Factor Authentication, which can be translated into French by two-factor identification. It is a...

Bitcoin may help El Salvador get IMF tranche: Central Bank Governor

The introduction of bitcoin as the official currency will not interfere with El Salvador's negotiations with the IMF for...

Must read

Binance Smart Chain (BSC): a new mechanism to develop the system

The developers of Binance Smart Chair (BSC) have released a proposal...

There will be sports on Polygon (MATIC)! DrafKings becomes network validator

As of May 2021, the Polygon (MATIC) blockchain has become one of...

Pakistan not to ban bitcoin (BTC) and other cryptocurrencies

Minister of State for Parliamentary Affairs Ali Muhammad Khan...

Bitcoin may help El Salvador get IMF tranche: Central Bank Governor

The introduction of bitcoin as the official currency will...

Less dollars, more bitcoins, Salvadorans regain control

alvadorans are investing more and more in Bitcoin to...

You might also like
Recommended to you