Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand
-Borderless Capital has increased its investment in Spanish fintech Bnext to $10 million with a new investment of $4.5 million.
-This latest investment will help further Bnexts goal to continue introducing bleeding-edge financial technologies throughout 2022 and beyond.
-The Algorand blockchain offers numerous technological benefits including faster transaction speed efficiency, lower fees, no mining requirements and a permissionless pure proof-of-stake (PPoS) approach to consensus, to name a few.
-Bnext has already leveraged Algorand to power its wallet app and is developing several more use cases for the future.
-To show support for the Algorand community, Bnext will be reappropriating 350 million B3X tokens for a private IDO, launching on a leading Algorand DEX soon.
-The token sale has thus far collectively raised $11 million, with Bnext reserving the last remaining tokens for a private IDO for the Algorand community.
-The B3X token is a utility token that underpins the entire Bnext ecosystem, whose mission is to bring financial freedom to a global community of banked and unbanked by expanding access to a growing selection of next-generation financial tools and remaining committed to continuously improving the user experience.
