We are delighted to announce that R8 Capital has invested ChainSwap, a cross-chain asset bridge and application hub for smart chains. The investment is a manifestation of our committment to empowering the interoperability between different chains and accelerating the mass adoption of blockchain technology.
Blockchain interoperability is the ability to share information and value across different chains. It allows blockchain systems to communicate with one another without the help of intermediaries. For instance, one would be able to send information or transfer asset from an Ethereum blockchain to Binance Smart Chain.
By making it easy for people to transact on other blockchain with ease. Blockchain interoperability allows for fully decentralized systems and accelerate the mass adoption of blockchain technology.
ChainSwap is a cross-chain asset bridge & application hub for smart chains. Bulit by AntiMatter as a side-feature for projects and teams wanting to make their token cross-chain across ETH, BSC, HuobiECO, and more, ChainSwap is positioned to reach our four branch vision of creating a multi-chain and multi asset and application hub for all smart chains.
ChainSwap allows projects to seamlessly bridge between ETH, BSC and HECO. In the near future ChainSwap will be on-boarding all major assets and integrating additional chains providing full cross-chain solutions between BTC, DOT, SOL and more, ultimately creating an asset and application hub for all smart chains.
Below are two major features of ChainSwap:
Easy-to-use: ChainSwap values user experience, its simple and seamless UI which is inspired by UniSwap will make sure the token swap is so simple and intuitive that there is no need for a long tutorial/guide to figure it out.
Friendly project onboarding: Project onboarding and use of the bridge will be free of added costs. NO onboarding or swap fees, everything is free of cost. Network fees are paid by the user.
Jack Lu: Protocol Design, Core Contributor, Creator of Bounce.financeRobert Hu: Main Solidity Developer, Core Contributor, Helmet.insure contributorOther 6+ developers for frontend, backend, and security.
In early April, ChainSwap has closed a $3M strategic funding round with participation from R8 Capital, Alameda Research, OK Block Dream Fund (OKEx), NGC Ventures, Spark Digital Capital, Metaconstant Ventures, CMS Holdings, Rarestone Captial, Monday Capital, Continue Capital, SRC Capital, DAO Ventures, Mask network, Particle and Power Law Capital.
R8 Capital: R8 Capital is a cryptoasset fund focusing on DeFi and Web 3.0, it has invested dozens of promising projects like Avalanche, My Neighbour Alice, BoringDAO, InsurAce, Oasis Labs, etc.
Alameda Research: Alameda Research is a quantitative trading firm bringing expertise from Wall Street and Silicon Valley to provide liquidity in crypto markets worldwide. It manages over $100 million in digital assets and trade $600 million to $1.5 billion per day across thousands of products.
NGC Ventures: NGC Ventures is one of the largest and most active institutional investors of cryptocurrencies. NGC adopts best practices from traditional financial markets to invest in and incubate leading projects in the crypto industry worldwide.
The ChainSwap token $TOKEN serves as a tool to facilitate platform governance and boost platform utility.
TOKEN utilities:
Tokenomics:
In short, as a new project built by the Antimatter team who has founded other valuable projects before, and backed by top tier capitals and VCs like R8 Capital, Alamenda, NGC, etc. ChainSwap will perform better and may become a unicorn of cross-chain interoperability in the future.