BBOX Raises $2.7M in Pre-Seed Funding for Decentralized Derivative Trading
BBO Exchange (BBOX), a decentralized derivative trading platform, has closed its pre-seed funding round with $2.7 million in capital. The funding round was co-led by venture funds Hashed and Arrington Capital, with participation from Consensys, CMS Holdings, Flow Traders, and others. BBOX aims to augment the DeFi space through its unique strategy in decentralized derivative trading, with a signal-driven dynamic distribution Automated Market Maker (AMM) and an auction mechanism that leverages the inherent latency in Oracle price updates. The platform is also preparing to introduce its signal-driven AMM on Linea, a zkEVM Layer 2 Network designed for scaling Ethereum decentralized applications.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ChatGPT Says XRP Will Trade At This Price By January 31, 2025
Elon Musk’s Grok Says Cardano (ADA) Will Trade At This Price On January 31, 2025
BlockDAG’s Refer & Earn Program: Unlimited USDT Cashbacks for $30 Purchases! Explore TON & AVAX Prices Trends
Cosmos, Cardano, and Litecoin Poised for Explosive Moves in January