[The following content is provided by CKB]
According to official news, the Lightning Network liquidity staking protocol UTXO Stack has completed Series A financing at a valuation of approximately US$50 million, jointly invested by UTXO Management, CMS, and PAKA; this is the agreement’s follow-up to the earlier funding round led by ABCDE Capital and SNZ Capital. After investing in seed round financing with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab, etc., it received funding again.
After completing this round of financing, UTXO Stack will launch a large-scale airdrop incentive plan for Bitcoin liquidity within the Lightning Network for the first time in early January 2025, and will launch a large-scale airdrop incentive plan for CKB and RGB++ related assets with the launch of the CKB Lightning Network FIber Network mainnet. Liquidity airdrop incentives. The plan is expected to complete TGE in the first quarter of 2025, which will become the first TGE within the Lightning Network ecological industry, symbolizing a key step for the protocol in promoting the application of the Bitcoin ecosystem and the expansion of cross-asset liquidity.
Source: Rootdata
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
"A new breakthrough in the Bitcoin ecosystem, UTXO Stack received 50 million magnesium financing and announced the airdrop time! "This article was first published in "CryptoCity"
