Community-Driven Blockchain Platform Parex Raises US$ 6․5 Million

PRESS RELEASE. Parex has efficiently developed a community-driven DAO ecosystem by its ParexChain, Parex Wallet, RaccoonSwap, Exchange, and different decentralized functions. The firm has secured US$ 6.5 million in a brand new funding spherical. The funding was supplied by DWF Labs that invested US$ 3 million, and Bitgert Ventures, the funding arm of the cryptocurrency change Bitgert which invested US$ 3.5 million.

The funding spherical was accomplished simply as Parex was getting ready its ParexChain infrastructure, which is designed to supply a completely community-driven DAO blockchain ecosystem. The funds will allow Parex’s efforts to speed up its efforts to create an environment friendly DeFi and DAO ecosystem. Part of the funding might be used to mine and assist Parex mining.

Innovative blockchain options to cut back inflation

Liam Anthony, CEO of Parex, expressed his delight in DWFLabs and Bitgert Ventures, two vital traders who think about Parex’s promising future. “As an organization, Parex is dedicated to growing progressive blockchain options that prioritize group involvement and cut back inflation. With the assist and experience of high traders like DWFLabs and Bitgert Ventures, we’re even stronger as we gear up for the launch of the PEP20 Mainnet,” he mentioned. “Soon, we’ll announce the testnet of the PEP-20 blockchain infrastructure, and launch a large AIRDROP marketing campaign.”

Parex supplies a Decentralized Autonomous Organization (DAO) ecosystem that features a vary of options equivalent to a one-of-a-kind mining algorithm designed to eradicate inflation, an ecosystem token, blockchain infrastructure, decentralized functions, a crypto pockets, and a cryptocurrency change.

Contact: Liam Anthony, data@parex.market

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