{"id":264673,"date":"2021-06-02T14:00:00","date_gmt":"2021-06-02T11:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/community-governed-dex-emiswap-raises-104m-in-private-funding\/"},"modified":"2021-06-02T14:00:00","modified_gmt":"2021-06-02T11:00:00","slug":"community-governed-dex-emiswap-raises-104m-in-private-funding","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/community-governed-dex-emiswap-raises-104m-in-private-funding\/","title":{"rendered":"# Community-governed DEX EmiSwap raises $104M in private funding"},"content":{"rendered":"

“# Community-governed DEX EmiSwap raises $104M in private funding <\/strong>”
\n<\/p>\n

EmiSwap \u2014 a community-governed decentralized exchange (DEX) \u2014 has raised $104 million from a large number of investors, each of whom put down a maximum sum of $25,000 each.\u00a0<\/p>\n

Backers of the exchange, which runs as a decentralized autonomous organization, include Carl Moon, Box Mining, Edna, TMM Holdings’ Jason D,\u00a0Hodl.global, ExNetwork Fund, and Inclusion Crypto Fund.<\/p>\n

EmiSwap describes itself as a gamified and decentralized automated market maker exchange. Automated market makers -based exchanges do not rely on order books like regular exchanges but instead use mathematical formulas to price assets. They\u00a0also provide liquidity from multiple pools and use smart or peer-to-peer contracts for trading.<\/p>\n

EmiSwap’s offer to investors, in addition, is a full refund on Ethereum gas fees. In Q3 of this year, it also plans to launch non-fungible token cards \u2014 called NFT Magic Cards \u2014 as a gamified mechanism that aims to draw in more users. The platform’s strategy also includes offering rewards to incentivize liquidity providers and swapp<\/a>ers, providing cross- and multi-blockchain support, and encouraging ESW token holders to vote on the organization’s future development.<\/p>\n

The DEX is the first project launched as part of the EmiDAO alliance, whose members include\u00a0Alpha Sigma Capital,\u00a0DigiFinex Exchange,\u00a0IDCM Exchange, HollaEx Exchange and others. Between them, the partners’ experience spans a range of expertise across cryptocurrency exchange operations, DeFi projects, financial services and regulatory compliance (eKYC and AML).\u00a0<\/p>\n

Other recent raises in the DeFi space include\u00a016 prominent blockchain investment firms’ backing of the DeFi interoperability protocol Composable Finance\u00a0and DiversiFi’s fundraise from crypto venture capital firms. Both were significantly smaller sums of capital, at $7 million and $5 million respectively.<\/p>\n