Aurox’s fundraising dashboard on tZERO’s tokenized securities site seeking $1 million in financing

03/01/2023 23:55 • Metaverse Matters • 159 views

According to reports, according to Aurox’s fundraising dashboard on the tokenized securities site tZERO, the DeFi trading platform Aurox seeks $1 million in financing with $75 million, and the minimum investment for retail investors is only $252. The target date for ending this round of financing is March 15. According to the documents submitted to the United States Securities and Exchange Commission and reviewed by CoinDesk, Aurox’s price per share was set at $6 and 169000 shares were issued.

DeFi trading platform Aurox seeks $1 million financing at a valuation of $75 million

Interpret the above information:

Based on reports, Aurox, a decentralized finance (DeFi) trading platform, is seeking $1 million in funding through tZERO’s tokenized securities site. The minimum investment for retail investors is $252, and the deadline for this round of financing is on March 15. Aurox’s fundraising dashboard on tZERO shows that it has achieved $75 million in investments with 169,000 shares issued, set at a price of $6 per share.

This message highlights Aurox’s ongoing fundraising efforts to gather enough funding to support its platform. The DeFi trading platform has already gained significant support from investors, as evidenced by the $75 million collected so far. The fact that the minimum investment for retail investors is only $252 shows that Aurox is keen to attract small-scale investors as well.

TZERO’s tokenized securities site serves as a platform for companies seeking financing to issue shares that are intended to be traded on the blockchain. This approach allows for a more streamlined process, as blockchain technology eliminates intermediaries, such as investment banks and brokers.

The use of blockchain for fundraising efforts could potentially lead to a more democratic fundraising process where investors of all sizes can participate. It also has the potential to reduce costs and increase transparency for companies looking for financing.

The document submitted by Aurox to the United States Securities and Exchange Commission (SEC), which has reviewed it, helps build trust among investors as it shows that the company is transparent about its operations.

Overall, Aurox’s efforts to raise $1 million in funding through tZERO’s tokenized securities site reflect a growing interest in DeFi trading platforms and blockchain-based fundraising. The platform’s willingness to attract small-scale investors also reflects a democratization of investment opportunities. The use of blockchain technology and tokenized securities for fundraising could potentially have significant implications for the finance industry in the future.

In conclusion, Aurox’s fundraising dashboard on tZERO’s tokenized securities site seeking $1 million in financing is an encouraging development for the DeFi trading platform and the blockchain industry as a whole.

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