January 23, 2025
Gate Ventures has confirmed an $8.5 million seed-stage investment into BugsCoin, a platform designed to create a reward system offering economic benefits to its community of users. The funding underscores sustained interest in blockchain-based projects aimed at enhancing user engagement through tokenized ecosystems.
BugsCoin operates as a platform providing users with incentives and rewards tied to community participation. By integrating blockchain technology, the project seeks to deliver an ecosystem that supports tokenized benefits while encouraging active user involvement. This funding marks a significant milestone for BugsCoin as it builds out its offerings and scales its operations.
Gate Ventures, a key backer in blockchain and crypto ventures, led the investment round. The firm’s involvement highlights its continued focus on fostering blockchain adoption through strategic investments in early-stage projects. This partnership is expected to accelerate BugsCoin’s efforts in refining its reward ecosystem and expanding its user base.
About BugsCoin
BugsCoin is a blockchain-powered reward system designed to provide economic benefits to its community users. Through its tokenized model, BugsCoin aims to enhance user engagement by offering incentives for active participation. The project is focused on building a robust ecosystem that rewards and empowers its community.
Website: https://www.bugscoin.com/
X: @bugscoin_bgsc
About Investor
Gate Ventures
Gate Ventures, the venture capital arm of Gate.io, focuses on early-stage investments in blockchain and cryptocurrency projects worldwide. With a mission to support innovation within the blockchain space, Gate Ventures actively seeks partnerships with projects that demonstrate potential for adoption and scalability.
Location: Singapore
Website: https://www.gate.io/ventures
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