๐ corn has just secured $6.70M in its latest funding round! ๐
๐นAbout: Corn Project is an innovative platform designed to enhance the utility of Bitcoin within the decentralized finance (DeFi) ecosystem. Built as an Ethereum Layer-2 network, Corn introduces BTCN, a hybrid tokenized Bitcoin that incorporates multiple custodians, smart contracts, and bridging protocols to provide a secure, scalable, and versatile solution. This allows Bitcoin holders to manage their assets according to their risk preferences while utilizing them across various DeFi applications. By staking CORN to receive popCORN, users can control the distribution of continuous yield streams from network transaction fees and native network emissions. This approach fosters a vibrant ecosystem where Bitcoin can be actively put to work. Cornโs first fundraising round, supported by Binance Labs, aims to expand its ecosystem by onboarding builders and projects, establishing a dedicated incubator, and hosting developer competitions. The project is working towards its mainnet launch, promising a utility-driven ecosystem centered around Bitcoin. With strategic support from Binance Labs, Corn is poised to make significant strides in the DeFi space.๐
๐น Lead Investors: Polychain Capital, Binance labs, Framework Ventures, Sandeep Nailwal, HTX ventures and many more.
๐น Total Raised: $6.70M.
๐น Project Category: Layer-2, DeFi for Bitcoin.
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