Soldex Secures VC Funding From CSP DAO
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The rapid recent growth of the cryptocurrency space has enabled large players to enter the industry to provide assistance to emerging projects, whether financial or merely experience and advice.
This has allowed numerous projects to take advantage of similar opportunities with the latest one being the Soldex team. The protocol, which aims to be a hybrid cryptocurrency exchange based on the popular Solana blockchain, has secured funding from the venture capital organization CSP DAO.
Additionally, the two parties have inked a strategic partnership, in which CSP DAO will provide the necessary assistance for Soldex to continue its expansion. The VC operates as a community-driven organization offering fair contribution rights to all investors.
It also focuses on providing the necessary investments to protocols from various industries within the cryptocurrency space. The team is typically looking for groundbreaking projects that can spark the next internet paradigm shift.
Through a research-driven and rigorous bottom-up investment process, CPS DAO provides support for promising teams that want to leverage blockchain technology to usher in the alternation of the internet.
This works perfectly with Soldex’s mission which aims to democratize and disrupt both traditional finance and decentralize finance protocols, which are typically dominated by Ethereum. Furthermore, the team wants to provide an open and inclusive financial system with low gas fees and fast transactions.
The last two features are something the cryptocurrency community has struggled with for a year or so. By implementing them, though, Soldex can make DeFi engagement significantly more affordable to all involved parties.
Separately, the extensive reach of CSP DAO’s network would also benefit SOLX holders as it will enhance the distribution of the tokens. It will also help to avoid centralization in the hands of a few large whales, which is seen with numerous other projects. This will increase the token’s performance on exchanges.
The Soldex team also promised more upcoming developments by attracting investors, advisors, and partners to help achieve its mission.
About CSP DAO
In their mission statement to make financial systems accessible, CSP DAO combines the best elements of decentralized finance with fundraising, offering a unique blockchain system designed to address fair investment rights. CSP DAO is reputable for giving access to cutting-edge blockchain projects through early-stage funding rounds.
About Soldex
Soldex AI is a state-of-the-art hybrid crypto exchange protocol that runs on the Solana Blockchain. One of the reasons for the creation of Soldex AI is to have a third-generation exchange to solve the issues caused by order-matching centralized exchanges and trust-less custody found in current decentralized exchanges.
Soldex AI is not only creating a DEX on Solana Blockchain but provides the flexibility for creating AI trading bots for automating each unique trading strategy. Traders will have the possibility of 24/7 trading and receiving maximum results.
Later developers will be able to lend the trading bot for success commissions. This would provide the community with incentives for further development of Soldex AI through voting rights.
