Australia markets open in 3 hours 55 minutes
  • ALL ORDS

    7,536.10
    -21.70 (-0.29%)
     
  • AUD/USD

    0.7095
    -0.0013 (-0.19%)
     
  • ASX 200

    7,225.20
    -10.70 (-0.15%)
     
  • OIL

    66.24
    +0.67 (+1.02%)
     
  • GOLD

    1,764.90
    -19.40 (-1.09%)
     
  • BTC-AUD

    80,098.30
    -1,384.59 (-1.70%)
     
  • CMC Crypto 200

    1,440.26
    +1.38 (+0.10%)
     

‘Open Finance’ Project Findora Launches $100M Ecosystem Fund

·1-min read

Privacy blockchain project Findora is launching a $100 million ecosystem fund “to accelerate the growth and development” of its community, the company announced on Wednesday.

  • Findora also announced that after more than three months of testing, staking and delegation would be possible on the Findora Mainnet Beta.

  • Findora described the fund as “part of a broader community-led commitment to support Findora ecosystem research, development and infrastructure projects building upon Findora’s privacy-preserving technology.”

  • Developers will be able to apply for grants through the initiative.

  • By staking on the Findora Mainnet Beta, stakers will be able to earn an annualized reward rate of up to 250%, the company said.

  • Last December, Findora closed an eight-figure funding round that included a number of notable investors, including Allchaineed, Krypital Group, Axia8 Ventures, Cabin VC, Powerscale Capital and Jack Lee, the founding partner of Foxconn’s financial platform, FNConn.

  • The amount of funding was not disclosed but the company told CoinDesk it was in “the tens of millions.”

Read more: Foxconn’s Jack Lee Join 8-Figure Round for ‘Open Finance’ Project Findora

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting