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Floshin Introduces DeFi Products, Converges with Cross-Chain and Initiates Airdrop
London, United Kingdom–(Newsfile Corp. – February 23, 2022) – Floshin brings forward a suite of breakthrough yield-generating DeFi Products, leveraging the latest technological innovation. February marks a significant milestone for Floshin as it tunnels towards becoming the DeFi Swiss Knife. For raising awareness, the Floshin Team has launched a $50,000 Floshin AirDrop, and 8,000 people had the opportunity to participate. Furthermore, Floshin is laying the groundwork for what is to come with a newly redesigned website, whitepaper 2.0, and more product development.
Floshin Ecosystem
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Coinage DEX, currently in the beta version, is one critical component of the Floshin ecosystem, enhancing the idea of cryptocurrencies with inherent value. Coinage is equipped with a cross-chain bridge that helps to minimise gas costs while also providing high levels of security and maintaining transaction speeds that are quick and seamless. Coinage pools cross-chain liquidity from over seven blockchains, combining it with the most competitive pricing, staking, and decentralised exchange protocols. Ethereum, BSC, Polygon, Avalanche, and Fantom will be accessible, with more blockchains to come when full functionality is achieved.
Floshin’s products are far more innovative than the existing similar tools on the market. For instance, token swapping becomes more efficient since the platform’s novel functionality scans liquidity pools across more than 50 exchanges, searching for the best price.
Furthermore, since there are zero gas transaction fees, every transaction’s gas charge is paid back to the investors/traders’ wallet in the Coinage (CAGE) token. Traders and investors may make up to three transactions for free, and if they wish to make more, they can do so by holding $50 in Coinage and receiving unlimited gas-free transactions.
The interconnectivity with all the exchanges provides investors with a wide choice while saving time by eliminating the need to move from one app to another. In addition, Floshin’s trading tool detects the best price existing on the market. Staking, charting, limit order, stop loss, and CoinMarketCap new listing notifications are included. These features and more will be incorporated in a significant upgrade scheduled for release at the end of February 2022.
Moving forward, the ultimate mission of Floshin is to serve as a central DeFi converge point across networks, revolutionising the existing trading experience. Since Floshin’s inception just over two months ago, the development team has been working relentlessly to bring industry-changing items to market, significantly improving comparable products. The goal is to develop a self-sustaining ecosystem that emphasises the user experience. Check out the Floshin website and join the Floshin Community for more details.
Contact:
[email protected]
Website: https://www.floshin.com/
Discord: https://discord.gg/FloshinEcosystem
Twitter: https://twitter.com/FloshinToken
Telegram: https://t.me/floshintoken
Email: [email protected]
Coinmarketcap: https://coinmarketcap.com/currencies/floshin-token/
Coingecko: https://www.coingecko.com/en/coins/floshin
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114011
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
Photo – https://mma.prnewswire.com/media/2416426/eWTP_Preqin.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ewtp-arabia-capitals-technology-fund-i-recognized-as-top-performing-vc-fund-in-the-preqin-league-tables-302149554.html
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