We are delighted to announce that Acala is joining the CoinList Seed Summer 2020 Batch! On May 1st, CoinList introduced their Seed program, focused on introducing top investors to early-stage crypto startups looking to raise their first rounds of private funding.
Since Acala is committed to decentralization, joining Coinlist Seed ensures our backers are not only diverse, but truly invested in our long term vision of a more decentralized, open and fairer financial future.
Selected from over 60 projects competing for a spot in this Summer’s cohort, the Acala team is looking forward to showcasing our cross-chain DeFi hub in Polkadot’s multi-chain universe and demonstrating to the many investors why building cross chain DeFi infrastructure is crucial to the future of finance.
Alongside the other eight exciting projects: Abridged , Alice , Biconomy , Injective Protocol , Linkdrop , PARSIQ , Puma Browser and Roll , we will be engaging with over 150 investors throughout the Batch duration. Some of the represented VCs are CoinFund, Electric Capital, Polychain Capital and many more. We’re excited to get their feedback, discuss our future plans and turbo charge the creation of new web3 financial models.
The Coinlist Seed Program
CoinList has been providing products and services to crypto startups since 2017. Supporting public token sales for some of the most ambitious blockchains, it facilitated over $800M in investments from over 10,000 investors globally.
Back in 2019 they launched CoinList Build, a series of online hackathons where dozens of teams built over 180 projects. Because this led to the creation of new companies, the CoinList Seed was born as a virtual demo day for crypto founders to connect with the qualified investors on CoinList.
Similar to public token sales, this program is mainly focused on finding world-class entrepreneurs and developers and introduce to their investor community.
Acala is a first-of-its-kind decentralized finance consortium with a vision to bring financial stability, liquidity and accessibility to the mainstream. The Acala Network is the cross-chain finance hub for the Polkadot ecosystem and beyond. It offers a suite of financial primitives: a multi-collateralized stablecoin backed by cross-chain assets like Bitcoin, a trustless staking derivative and a decentralized exchange to unleash liquidity and power financial innovations. It is the go-to open platform for finance-oriented dApps to deploy to using smart contracts or built-in protocols with out-of-box cross-chain capabilities, security and financial optimizations.
To keep up to date with progress on the Acala launch, subscribe to the Acala Newsletter.