LogX, an innovative on-chain consumer Super App, has successfully raised $4 million in its latest funding round, bringing the total capital raised to $10.1 million. This accomplishment confirms that the platform experienced tremendous growth and is thriving since its establishment. LogX, for instance, has recorded more than $20 billion volumes in trading ten months after going live. This massive trading volume was a huge milestone for the platform.
LogX Set to Launch on TON Blockchain, Access 100M Users
When it comes to funding, Greyzone raised money in the most recent funding round, and its investors include Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital. Other key angels involved in this round include Charles and Verity Espresso Systems and Ryan Lee of Orderly Network as the CEO.
The new capital will enable LogX to advance its services and introduce leveraged prediction markets on over 50 blocks. This strategic move is aimed at expanding the range of the platform’s opportunities and increasing the number of users. In particular, LogX is planned to be launched on TON blockchain in the third quarter of the year, which means that prediction markets will be opened to at least 100 million new users.
Funding Boost to Help LogX Expand Leveraged Prediction Markets Across Blockchains
Akshit Bordia, Founder of LogX, expressed his enthusiasm about the development. He said that these recent achievements are a tribute to the support of their financial supporters, business collaborators, and their valuable users. The funds raised will help to expand the company’s offerings and enlarge leveraged prediction markets to more than 50 blockchains.
LogX has been in use since its inception in July 2023. The new implementation has claimed over $20 billion in trading volume and attracted over 1 million users. The expansion of the service to new markets and technologies is a significant factor in achieving the platform’s goal of de-centralizing trade.
Finally, based on the funding received and the declared development goals, LogX stresses its desire to develop decentralized trade further. It will also enhance the platform the new selection of leveraged prediction markets and expansion into new blocks enhancing the company to be a market leader.