Konomi Network, a comprehensive asset management solution for cross-chain crypto assetsannounced today that it has successfully completed a $ 5 million increase in three rounds of investments to implement its product roadmap to improve lending, trading and asset management in the Polkadot ecosystem.
The $ 5 million raised will help Konomi advance the decentralized credit room by introducing support for Ethereum virtual machine deployment and smart contracts deployment, providing decentralized liquidity exchange, and launching a standalone Konomi parachute.
Companies contributing to the increase include: Digital Finance Group (DFG), Amplifi, Blocksync, CMS, Crypto J, Double Peak, LD Capital, 4 Seasons, Traumfonds, BTX Capital, Coin98 Ventures, FBG Capital, Moonwhale, Titans Ventures, AU21 Capital, Genesis Block, Altonomy and Zonff Partners.
“At the DFG, we firmly believe in Konomi’s ability to meet this need for the Polkadot ecosystem, whose interoperability capabilities will enable it to lay the foundation for future digital funding.”
– James Wo, active investor and founder of the DFG
The Konomi team is preparing to launch a public test network. The creation and listing of the tokens is planned for mid-March.
Konomi’s main focus in the short term is to ensure strategic cooperation with top DeFi projects in the Ethereum and Polkadot communities. Konomi is already in dialogue with some of the leading companies that are the building blocks of the DeFi ecosystem.
As the next step in Konomi Network’s public sale, the project will conduct a community sale for KONO tokens on the IDO (Initial DEX Offering) platform, Polkastarter. The number targeted for the community is 200,000 tokens for a total price of $ 200,000, and each person is capped at $ 500 each.