As a seasoned analyst with extensive experience in the blockchain and cryptocurrency space, I find the recent news surrounding LogX Network particularly intriguing. Having closely observed the evolution of prediction markets and leveraged trading platforms in the crypto ecosystem, it’s refreshing to see a project like LogX, which is not only innovative but also backed by a strong consortium of global VC majors.
LogX Network, the pioneer in the world’s first on-chain consumer application for trading and prediction markets using leveraged trading, has disclosed information about its recent investment round. With new capital from esteemed venture capital firms, they are now prepared to broaden their horizons into various blockchains.
LogX, leveraged PM platform, secures $4 million in new round
In simple terms, the multi-blockchain platform for advanced trading and forecast markets called LogX has announced that it has successfully concluded another funding round. The investment came to a total of 4 million dollars from various international investors.
Additionally, during their recent fundraising campaign, the team received support from various investors such as Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital.
Furthermore, the event saw significant investments from prominent angel investors in the Web3 sector, such as Charles and Verity of Espresso Systems, as well as Ryan Lee, the CEO of Orderly Network.
Akshit Bordia, the creator of LogX, is thrilled about the level of backing LogX secured during its latest funding round within the venture capital community.
These recent achievements underscore the steadfast faith of our investors, associates, and above all, our devoted customers in us. The funds we’ve accumulated will be channeled towards expanding our product portfolio and launching margin-based forecasting platforms on over fifty different blockchain networks.
As a researcher reporting on the latest developments, I am thrilled to announce that our recent funding round has boosted LogX’s cumulative capital to an impressive $10.1 million. This substantial increase follows a successful seed round of $6.1 million, which attracted prestigious investors such as Coinbase Ventures, Sequoia Capital, IOSG, GFC Global Founders, MSA, and Better Capital.
LogX getting closer to debut on TON blockchain
The decentralized trading platform has reached a significant accomplishment, exceeding a trading volume of $20 billion within just a year since it was made publicly available.
Since its debut in July 2023, LogX has experienced remarkable expansion, boasting a staggering trading volume of more than $20 billion and being utilized by well over a million users.
LogX intends to utilize its fresh funds for broadening its consumer services, primarily concentrating on Advanced Predictive Market Systems. Furthermore, LogX is scheduled to make its entrance onto the TON blockchain towards the end of this year, offering prediction market trading opportunities to more than 100 million individuals.
Read More
- USD COP PREDICTION
- POWR PREDICTION. POWR cryptocurrency
- SSV PREDICTION. SSV cryptocurrency
- USD VES PREDICTION
- USD PHP PREDICTION
- NAKA PREDICTION. NAKA cryptocurrency
- EUR RUB PREDICTION
- USD RUB PREDICTION
- BAN PREDICTION. BAN cryptocurrency
- NBLU PREDICTION. NBLU cryptocurrency
2024-09-16 19:26