April 18, 2024
Runes DEX, the first Automated Market Maker (AMM) platform for runes on Bitcoin, has raised $2 million in seed funding. The round included investments from Kenetic Capital, Mechanism Capital, Auros Ventures, Future Fund, and Boosty Labs, with industry pioneers like Pascal Gauthier, 0xMaki, and AOI also participating.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Runes DEX | Apr 18, 2024 | $2M | Seed | $2M | Kenetic Capital | Exchange |
Runes DEX introduces a revolutionary market model as the first Automated Market Maker (AMM) on the Bitcoin network, enhancing the trading landscape. This platform not only facilitates the trading of meme-based tokens through its Meme Casino but also fosters a community-focused ecosystem that democratizes access to financial tools.
The future plans for Runes DEX involve using the funds to expand its technical infrastructure, enhance user interface designs, and broaden its market reach, aiming to set the standard for liquidity and trading solutions on Bitcoin.
King of Runes, the CEO of Runes DEX, emphasizes the platform's goal, stating, "We aim to create a community-focused ecosystem that simplifies trading and democratizes access to financial tools." By integrating innovative AMM solutions and promoting decentralized finance, Runes DEX is poised to transform the Bitcoin trading landscape significantly.
About Runes DEX
Runes DEX is the first AMM platform for runes on the Bitcoin blockchain, facilitating the launch and trade of meme-based tokens while providing innovative liquidity solutions and farming rewards.
Website: https://www.runesdex.com/
X Account: @RUNES_DEX
X Followers today: 8,898
X Followers 30 days ago: 9,065
X Follower change: -167 (-1.8%)
About Investor
Investor: Kenetic Capital
Description: Kenetic Capital is a venture capital firm supporting innovative blockchain projects.
Location: United States
Website: https://www.kenetic.capital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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