Key Takeaways
- DX25 Labs has raised $750k in seed funding for its upcoming decentralized exchange (DEX), which will be built on the MultiversX blockchain.
- The platform is developed by Tacans Labs, the DeFi builder arm of Switzerland-based Tacans AG, and has a team of over 40 staff dedicated to its development and marketing.
- DX25 is an advanced single-sided liquidity DEX that will offer users an intuitive, easy-to-use interface with features such as concentrated liquidity, multiple fee levels, true margin and derivatives trading, and more.
DX25 Labs, a decentralized exchange (DEX) built on the MultiversX blockchain, has raised $750,000 in seed funding from private investors for its upcoming platform. DX25 offers users an easy-to-use interface with features including concentrated liquidity, true margin and derivatives trading, and multiple fee levels.
The platform’s advanced single-sided liquidity DEX leverages the benefits of MultiversX, including low transaction costs, scalable infrastructure, and environmentally conscious infrastructure, to offer a unique trading experience to users.
DX25 Labs is the DeFi builder arm of Switzerland-based Tacans AG, a web3 venture builder. Its leadership team includes CEO Mathias Lundoe Nielsen, an award-winning Danish entrepreneur, and industry veterans James Davies, Ivan Ivaschenko, and Marie Tatibouet. DX25 Labs currently has a team of over 40 staff dedicated to developing and marketing the platform.
MultiversX is a carbon-neutral blockchain that drew DX25 to develop on its ecosystem.
DX25 aims to provide a comprehensive suite of features without complicating the overall user experience. Its combination of DeFi and traditional finance (TradFi) features sets it apart in a sea of similar DEXes.
Tacans Labs, the parent company of DX25 Labs, is invested in the future economy of blockchain by building, funding and acquiring cutting-edge Web3 companies. Its portfolio comprises seven Web3 companies across multiple sectors with a combined valuation of $63 million.
DX25’s litepaper has been published as it prepares to launch its public testnet in Q2 2023.
The platform’s development team plans to provide an intuitive trading solution that offers users a radically different trading experience from other DEXes in the crypto ecosystem.
DX25 Labs hopes to capitalize on the growing popularity of decentralized finance (DeFi) by offering an advanced trading platform that provides a range of unique features that appeal to users.
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