March 14, 2024
OrangeDX, a decentralized finance (DeFi) platform, has completed a $2.5 million seed funding round. Oddiyana Ventures led the investment, which was participated in by Alphabit Fund, FundLand Capital, GBV Capital, NXGEN, Spicy Capital, Triple Gem Capital, and X21 Digital. The funds will support the development and launch of OrangeDX’s DeFi platform, which will go live on March 26, 2024.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
OrangeDX | Mar 14, 2024 | $2.5M | Seed | $2.5M | Oddiyana Ventures | DeFi |
OrangeDX aims to enhance the DeFi landscape by offering a range of services including trading, investing, and asset management. The platform focuses on accessibility, security, and transparency for its users. OrangeDX features several products such as the O4DX Premium Exchange, O4DX Bridge, O4DX Launch Hub, and O4DX Earn, each addressing different aspects of DeFi.
The O4DX Premium Exchange facilitates trading with automated market makers (AMMs) and constant function market makers (CFMM) algorithms, offering gas-free perpetual trading and access to rare tokens. The O4DX Bridge provides asset transfers between BRC-20 and EVM chains, with plans to expand to non-EVM chains like Solana and Cosmos. The O4DX Launch Hub supports initial Dex offerings (IDOs) for early-stage BRC20 projects, while O4DX Earn offers yield farming, lending, borrowing, and staking options.
OrangeDX has achieved significant success in initial Dex offerings (IDOs) across platforms such as Finceptor, TrustPad, BRC20.com, Poolz, and the O4DX Launch Hub. Each IDO has seen strong demand, further establishing OrangeDX’s position in the DeFi space.
The platform’s upcoming listings on major exchanges such as Gate.io and MEXC are scheduled for March 26, 2024, at 14:00 UTC. These listings are expected to enhance liquidity and expand the platform’s reach. Additionally, OrangeDX will list on decentralized exchanges (DEXs) like Unisat, PancakeSwap, and O4DX Premium Exchange shortly after.
About OrangeDX:
OrangeDX is a decentralized finance platform aiming to transform the traditional financial landscape. By providing solutions for trading, investing, and asset management, OrangeDX seeks to empower users to utilize decentralized finance. The platform emphasizes accessibility, security, and transparency.
Website: https://orangedx.com/
X Account: https://x.com/OrangDx_BRC20
About Investor
Investor: Oddiyana Ventures
Oddiyana Ventures is an investment firm that supports projects within the blockchain and cryptocurrency sectors. The firm focuses on early-stage investments in decentralized technologies.
Location: South Korea
Website: https://oddiyana.ventures/
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