Runes DEX Raises $2 Million in Seed Funding to Revolutionize Bitcoin Trading and Foster Community

Runes DEX, a trailblazing Automated Market Maker (AMM) platform for runes on Bitcoin, has closed a successful $2 million seed investment round led by Kenetic Capital and Mechanism Capital. The platform introduces a novel market model to the Bitcoin network, enabling seamless rune trading and integrating meme-based tokens through its exclusive "Meme Casino" feature. Runes DEX aims to democratize access to financial tools on Bitcoin and leverage the network's security and reach to pave the way for liquidity and trading solutions within the ecosystem.

Runes DEX Secures $2 Million in Seed Funding to Revolutionize Bitcoin Trading and Empower Community Engagement

San Francisco, California - April 18th, 2024 - Runes DEX, a pioneering Automated Market Maker (AMM) platform for runes on the Bitcoin blockchain, has successfully closed a $2 million seed investment round. This pivotal funding milestone has garnered support from renowned blockchain investors, including Kenetic Capital, Mechanism Capital, Auros Ventures, Future Fund, and Boosty Labs. Notable industry pioneers backing this round are Pascal Gauthier, CEO of Ledger; 0xMaki, founder of SushiSwap; and AOI, founder of AOI.com.

Groundbreaking Innovation in Bitcoin Finance and Community Engagement

As the first AMM of its kind, Runes DEX introduces a transformative market model to the Bitcoin network, seamlessly merging finance with digital culture. The platform not only facilitates seamless rune trading but also spearheads the integration of meme-based tokens through its exclusive "Meme Casino" feature, further diversifying its unique offerings.

"Our vision at Runes DEX is to establish the benchmark for liquidity and trading solutions on Bitcoin, leveraging the inherent security and far-reaching impact of the network," said King of Runes, CEO of Runes DEX. "Central to our mission is the creation of a community-centric ecosystem that not only simplifies trading but also democratizes access to financial tools for all, fostering a new era of participation in the blockchain space."

Unwavering Support from Blockchain Leaders

Jehan Chu, Founder of Kenetic Capital, highlighted the groundbreaking aspects of the platform: "Runes Dex is poised to ignite an explosive pace for the entire ecosystem with their innovative AMM and liquidity solutions, aiding Runes in reshaping the global perception of Bitcoin."

Andrew Kang, Managing Partner at Mechanism Capital, emphasized the strategic significance of the platform: "Runes is a game-changer for Bitcoin, enabling users to conduct transactions with significantly reduced friction compared to existing ordinals protocols like BRC20. It is challenging to predict which assets will prevail, but akin to Uniswap on Ethereum, the first AMM on Runes, Runes Dex, will be at the forefront of this transformative era."

Strategic Deployment of Seed Funds

The seed funds will be strategically invested to enhance the technical infrastructure of Runes DEX, refine user interface designs, and broaden market reach ahead of the highly anticipated "420 Launch." This launch is meticulously designed to capitalize on significant market opportunities from its inception.

Presale and Token Generation Event

In preparation for the Token Generation Event, Runes DEX is thrilled to announce a public presale of its tokens. This presale will provide early supporters with an opportunity to partake in the revolutionary journey of Runes DEX. Details regarding the presale will be disseminated promptly through Runes DEX's X account.

The Token Generation Event is scheduled for April 20, 2024, coinciding with the Bitcoin halving event. This significant date also heralds the anticipated launch of the runes protocol, aligning major milestones in the cryptocurrency landscape.

About Runes DEX

Runes DEX emerges as a groundbreaking force, being the first automated market maker for runes on the Bitcoin blockchain. Through its unique platform, Runes DEX facilitates the launch and trade of meme-based tokens while providing innovative liquidity solutions and farming rewards to its users.

Contact

King of Runes, Runes DEX

Email: king@runesdex.com

Website: www.runesdex.com