Melbourne, Australia, 11th Oct 2023, King NewsWire – InfinityStakeChain, an innovative decentralized staking platform, has successfully secured $12 million in a Series A financing round led by key industry player, Binance Labs. The platform is rapidly gaining recognition in the decentralized finance sector for its unique features, including the most automatically optimized interest rate staking pool function, fast decentralized swap function, and multi-chain staking function, currently supporting Ethereum and BNB Chain.
Launched in September 2023, InfinityStakeChain was built with the vision to unlock the boundless potential of blockchain technology for unprecedented earnings. By offering a comprehensive ecosystem for crypto enthusiasts, investors, and validators, InfinityStakeChain has quickly established a strong foothold in the DeFi space, achieving a Total Value Locked (TVL) of $50 million within just two weeks of its launch.
Further broadening its appeal, InfinityStakeChain also offers a multi-chain staking function, currently supporting Ethereum and BNB Chain. This feature allows users to stake their assets on multiple blockchains, providing increased opportunities for potential earnings and further diversifying their investment portfolio.
The Series A financing round, in addition to being led by Binance Labs, also saw participation from renowned investors such as Polygon Ventures, Bixin Ventures, and Delphi Ventures. This financial backing not only underscores the potential of InfinityStakeChain’s innovative staking model, but also reflects the platform’s commitment to creating a secure, high-performing staking environment for all users.
In order to maintain a secure and exclusive environment, InfinityStakeChain operates on an invitation-only system. This unique approach requires users to provide an invitation code before they can start investing, ensuring a safe and controlled environment for all participants.
The funds raised from this financing round will be instrumental in InfinityStakeChain’s future development. With plans to enhance its technology, expand its user base, and continue providing a secure, profitable, and user-centric experience, InfinityStakeChain is poised to utilize this capital infusion to solidify its position as a leading player in the DeFi market.
As it continues to redefine the staking landscape, InfinityStakeChain is set to leverage its successful Series A financing round to continue pioneering in the rapidly evolving DeFi landscape, offering advanced and versatile solutions to users worldwide.
Media Contact
Organization: InfinityStake
Contact Person: Nicholas Swan
Website: https://www.infinitystakechain.com
Email: [email protected]
City: Melbourne
Country:Australia
Release id:6951
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