Megaton Finance, an automated Market Maker Decentralized Exchange (AMM-DEX), raised $1.5M in Seed funding.
The round was led by TONcoin.Fund. With TONcoin.Fund’s lead, Megaton Finance was able to secure a team of sponsors at an early stage, including Cypher Capital, First Stage Labs, Orbs, MEXC Ventures and other strategic investors.
The company intends to use the funds to accelerate growth and expand operations.
Developed by Ozys, Republic of Korea’s leading blockchain technology company, Megaton Finance Megaton is an AMM-based DEX protocol to actively utilize the assets on the TON Network. Audited by CertiK, the protocol aims to establish itself as a user-friendly DeFi protocol that can embrace both existing DeFi users and 700 million Telegram users. The chatbot function on Telegram will be installed and combined with the Megaton Finance protocol to create a synergy with the messenger service.
Its promising Cross-Chain platform, Orbit Bridge, has successfully connected TON to EVM/NEVM-based multichain community, and it has increased the utility of TONcoin (TON) through developing WTON Gateway, a wrapping protocol for TON, enabling its usage within the mainnet.
FinSMEs
04/04/2023