ParaSwap Managed to Attract $3 Millions Investment
In their round of a seed investment, a decentralized exchange aggregator ParaSwap managed to attract $3 millions investment. Such famous names as Blockchain Capital, DeFi Alliance and White Star Capital took part in this.
The goal of ParaSwap is to support other blockchains based on Ethereum and the networks of Ethereum Layer-2. This was viewed as an excellent opportunity to reduce gas price for the Ethereum transactions.
Munir Benchemled, the founder of the project didn’t reveal much details about it. He didn’t say whether they are going to launch their own token or was this seed investment round a capital attraction or just the sales of SAFT (the agreement about the future tokens).