MH Ventures, a boutique full-service venture capital firm in the blockchain, cryptocurrency, & web3 space, has announced its participation in seed funding for Finblox. Finblox’s diverse platform offering allows users to trade cryptocurrencies, earn passive income, and win free crypto prizes weekly.
The Finblox team plans to use the funds to continue developing their platform and expanding their user base. Ultimately, they hope to become the one-stop shop for anyone looking to trade cryptocurrencies and earn passive income in a fun and simple way.
Kamran, Co-Founder & Partner at MH Ventures, said, "Finblox is a protocol that allows for the onramp of retail into defi protocols who want to maximize returns in a platform that is familiar to them, and most importantly a way for DeFi to gain further adoption through platforms like Finblox. The Finblox team is the right team to solve this problem of onboarding traditional users to crypto by allowing anyone to participate in risk adjusted returns that are far superior to traditional banking channels with instant liquidity with no lockups."
Peter Hoang, co-founder and CEO of Finblox, stated, "We’re excited to welcome MH Ventures as our investor on the journey to bring the Finblox superapp and its native FBX token ecosystem to millions of users in Southeast Asia, and beyond.”
The Finblox ecosystem is divided into several distinct products: Earn, Swap, and Pool Party - with more to be added. Earn provides passive income that is compounded and paid daily - with no minimums, no lock-ins, and no limits on when users can withdraw. Swap offers lightning-fast exchange of crypto pairs, while Pool Party acts as a gamified portion of the app to reward users with weekly prizes at no risk to their principal.
Furthermore, Finblox token (FBX) is the native token of the ecosystem that will serve as both a governance and utility token. It will be used to reward users for every action taken in the ecosystem - giving the ability to vote, earn boosted yields while staking, exclusive launchpad access, swap cashbacks, and more.
MH Ventures has teamed up with some of the most well-known names in the crypto and blockchain industries, including Lend, magpie, Web3PORT, Sonic Wallet, SmartToken Labs, Decaf, Tatsumeeko, WINCAST, etc. They are passionate about investing in and supporting disruptive technologies and the people behind them. Their mission is to identify and invest in the best projects that have the potential to change the world for the better.
Finblox was founded by Peter Hoang and Dmitriy Paunin, who are veterans with decades of experience in the fintech industry.Peter previously co-founded Gotrade, a zero-commission stock trading app that was backed by Y-Combinator.Meanwhile, many may know Dmitriy for his work as the CTO of Coins.ph, Southeast Asia's biggest cryptocurrency exchange with over 16M users. The rest of the team hails from global giants such as Binance, Grab, Lazada, and more.For more information about Finblox and their upcoming token sale, please click here.