🎉 Yellow has just secured $10.00M in its latest funding round! 🎉
🔹About: Yellow aims to revolutionize decentralized trading by enabling participants to swap assets across different exchanges without relying on block creation. This innovative approach brings together exchanges, blockchains, and trading firms, creating a network of brokerages for a more efficient trading infrastructure. Yellow Network operates as a decentralized Layer-3 peer-to-peer mesh network, allowing brokers to communicate, trade, and aggregate liquidity from connected nodes. Utilizing state channel technology, it facilitates real-time settlement between brokers on top of a blockchain, enabling cross-chain trading without the need to bridge assets. This technology improves public blockchain throughput by reducing the computational load on nodes, making it easier to run a node and decentralizing the certification process. The project is designed to support a sustainable token ecosystem, with the $YELLOW token serving as the gateway to the network. Participants are required to lock $YELLOW tokens to open trading channels, ensuring accountability and reducing counterparty risk. Yellow Network’s non-profit model allows market makers to earn 100% of liquidity provisioning fees, with a small settlement fee funding the Yellow Reserve Vault for dispute resolution and ecosystem security. The project aims to have over 1,000 participants globally by 2025, offering a cost-efficient and user-friendly framework for running crypto exchanges. Overall, Yellow Network seeks to create a truly decentralized and efficient trading environment, addressing the limitations of current centralized and decentralized exchanges. 🚀🌐
🔹 Lead Investors: ConsenSys, LD Capital, GSR, ZBS Capital, Gate Labs and many more.
🔹 Total Raised: $10.00M.
🔹 Project Category: Blockchain service, DeFi.
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