COINQVEST, a suite of crypto payment APIs, web-based invoicing and payment management tools, today announced its selection as a Top Company in the Stellar Seed Fund, where it was awarded first place by a group of members and colleagues from the Stellar Development Foundation the stellar ecosystem was awarded.
The final round consisted of eight participants; Everyone receives an equity-free grant that corresponds to the number of votes cast.
COINQVEST received 835,214 XLM (more than $ 500,000 at the time of win). A total of 58 companies and blockchain projects took part in the nine-month competition from August 2020.
Stellar Seed Fund
The Stellar Seed Fund is designed to help businesses and services get started with Stellar. It focuses on helping viable, for-profit businesses that build products and utilities for the ecosystem.
Apart from the cash grant for a young startup like COINQVEST; The Seed Fund offers its participants countless advantages. It was important to COINQVEST that winning the smaller Stellar Community Fund almost a year ago enabled them to obtain an EU license to process crypto payments.
“The increased attention we have gained also means that we can demonstrate our strengths and real functions as a provider of digital currencies / stable coin payments. We are very excited about the opportunity to be part of the Seed Fund. I cannot recommend participation enough for those looking to build on Stellar and take their projects to the next level. “
– Stefan Schneider, co-founder of COINQVEST