Swaap Raises $4.5 Million in Seed Round Financing

04/19/2023 05:36 • Blockchain Buzz • 117 views

According to reports, the market maker agreement Swaap completed a $4.5 million seed round financing, led by Signature Ventures, and led by New Form Capital, C ² Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First, as well as angel investors such as Julien Boutelup (Stack Capital), Pascal Gauthier (Ledger CEO), Richard Ma, Meltem Demirrors (Coinshares CSO), Frederick Montagnon (Arianee co founder), and Thibaud Elzi è re (eFounders CEO), participated.

Market maker agreement Swaap completes $4.5 million seed round financing

Swaap, a market maker agreement, has completed a successful seed round financing, raising $4.5 million. The leading investors were Signature Ventures, New Form Capital, C ² Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First, and several others, including angel investors such as Julien Boutelup (Stack Capital), Pascal Gauthier (Ledger CEO), Richard Ma, Meltem Demirrors (Coinshares CSO), Frederick Montagnon (Arianee co-founder), and Thibaud Elzi ère (eFounders CEO).

What is Swaap?

Swaap is a digital marketplace that enables investors to receive liquidity for their investments in tokenized assets by matching them with other investors who wish to buy them. Swaap is a protocol for buying and selling Ethereum-based ERC-20 tokens, offering investors the most efficient way to transact using open-source, non-custodial smart contracts. Unlike other decentralized exchanges, there is no order book, and the price is determined algorithmically, providing transparency and fair pricing to all parties involved.

Swaap’s Seed Round Financing

Led by Signature Ventures, Swaap’s seed round financing raised $4.5 million from respected venture capitalists and angel investors, signaling great faith in the future of the platform. The success of the funding round is an incredible step forward for decentralization and democratization of the investment industry. The funds raised will be used to expand the team and develop the platform further, ensuring that Swaap continues to be at the forefront of the digital asset marketplace.

The Benefits of Swaap

Swaap offers investors a multitude of benefits, including, but not limited to, the following:

Non-Custodial

Swaap’s smart contracts are non-custodial, meaning that investors retain full control over their assets, eliminating counterparty risk.

Privacy

Swaap provides full privacy to its users by allowing them to trade without needing to provide personal information other than an Ethereum wallet address, further increasing security.

Time Efficiency

Swaap executes trades instantly, saving investors’ time and providing them with a more efficient way to buy and sell their investments.

No Order Book

Swaap does not have an order book, making it simple and less confusing for investors to use. Swaap algorithms automatically match buyers and sellers to determine fair pricing.

Conclusion

Swaap’s successful seed round financing is an exciting development for the decentralization of the investment industry. Swaap’s non-custodial and privacy features, along with its instant trade execution time and algorithmic pricing model, make it an attractive option for investors. This funding is a significant milestone for Swaap, and investors will be eagerly watching for further updates.

FAQs:

1. What is Swaap?
Swaap is a digital marketplace that enables investors to receive liquidity for their investments in tokenized assets.
2. What are the benefits of Swaap?
Swaap has many benefits that include non-custodial smart contracts, privacy, time efficiency, and an algorithmic pricing model.
3. Who invested in Swaap’s seed round financing?
Swaap’s seed round financing was led by Signature Ventures, New Form Capital, C ² Ventures, Kima Ventures, Pareto Ventures, Entrepreneur First, and several others, including angel investors.

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