What is MonoX?
MonoX is pioneering a novel DeFi protocol that simplifies liquidity pools by utilizing a single token design, a departure from traditional pool pair models. This innovation is achieved by grouping deposited tokens into a virtual pair with the vCASH stablecoin. Headquartered in Singapore, MonoX aims to enhance capital efficiency and user experience within the decentralized finance ecosystem, positioning itself as a key player in the evolving DeFi landscape.
How much funding has MonoX raised?
MonoX has raised a total of $5M across 1 funding round:
Unspecified
$5M
Unspecified (2021): $5M with participation from Axia8 Ventures, 3Commas, Divergent Ventures, Animoca Brands, Crypto Ops, Blockdream, Rarestone Capital, LD Capital, Youbi Capital, Krypital Group, and Genblock Capital
Key Investors in MonoX
Axia8 Ventures
Axia8 Ventures is an investment firm that likely focuses on early-stage technology and blockchain projects, providing strategic capital and support to innovative ventures.
3Commas
3Commas is a prominent cryptocurrency trading platform, suggesting an interest in DeFi protocols that enhance trading and investment opportunities within the digital asset space.
Animoca Brands
Animoca Brands, a leader in blockchain gaming and NFTs, indicates a strategic investment in the broader Web3 ecosystem, including foundational DeFi infrastructure like MonoX.
What's next for MonoX?
The substantial enterprise-level funding received by MonoX signals a strong vote of confidence from investors, likely enabling the company to accelerate its product development, expand its market reach, and further innovate its unique single-token liquidity pool design. This strategic investment is expected to fuel growth and solidify MonoX's position in the competitive DeFi sector, potentially leading to broader adoption of its novel approach.
See full MonoX company page
