Paralink Network raised $2.8 million for its blockchain platform
Paralink announced that it had raised $2.eight million from top notch investors including LD Capital, Kenetic, 3Commas, Genesis Block Ventures and NGC Ventures. Moreover, they have announced Denko Mancheski, CEO of Reef Finance — the first go-chain DeFi OS on Polkadot — as an marketing consultant.
Paralink community is anticipated to launch its testnet and install its oracle option to more than one networks, followed by using TGE in Q1 this yr.
The Paralink token, Para, can be an incentive and governance token on the Paralink blockchain. Para holders could stake their tokens to earn governance rights. amongst other things, their primary obligation will be the management of the relayer quorum via non-stop voting. In exchange for staking their tokens and performing normal governance capabilities, they may earn APY on their staked amount.