Konomi Network raises $5 million and launches an initial DEX offering – Cointelegraph


Konomi Network, a decentralized money market protocol, has successfully raised $5 million in three investment rounds to stay on target according to its product roadmap. The company has a bold vision for the decentralized lending space, planning to have support for Ethereum Virtual Machine and smart contract deployment; providing decentralized liquidity swap; and launching a standalone Konomi parachain. Many top tier crypto firms brought in capital and invaluable networks to the growth and development of Konomi, including Amplifi, Blocksync Ventures, CMS, Crypto J, Double Peak, LD Capital, 4 Seasons Venture, Block Dream Fund, BTX Capital, Coin98 Ventures, FBG Capital, Moonwhale, Titans Ventures, AU21 Capital, Tenzor Capital, Genesis Block, Altonomy, Zonff Partners and DFG. As the company prepares to launch a public testnet, the token generation and listing are slated for mid-March. 

The company’s primary focus in the short term is to secure strategic collaboration with top DeFi projects in the Ethereum and Polkadot communities. Already, Konomi is engaged in dialogue with some of the industry’s leading companies that compose the building blocks of the DeFi ecosystem. 

As the next step in Konomi Network public sale, the company will be conducting a community sale for its KONO token on IDO platform Polkastarter. The number targeted for the community is 200,000 tokens for a total price of $200,000, and each person will be limited to $500. Look out for more information on all the leading social channels with a target date of March 16. 

About Konomi Network

Konomi is a full suite asset management solution for cross-chain crypto assets. Using Substrate as the development framework, the network aims to support more assets in the Polkadot ecosystem. Users will be able to manage their crypto holding positions, trade assets, and earn interest through decentralized money market products. Konomi also issues its native network token to kick start liquidity and decentralized governance.

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Contact Konomi Network

Telegram: https://t.me/konominetwork

Twitter: https://twitter.com/KonomiNetwork

Medium: https://konomi-network.medium.com/

Official website: https://www.konomi.network

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