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Cryptocurrency News Articles
UTXO Stack Completes $50M Series A Funding Round, Plans Large-Scale Airdrop Incentive Program in Early 2025
Dec 19, 2024 at 09:15 pm
Building on this milestone, UTXO Stack plans to launch a groundbreaking large-scale airdrop incentive program in early January 2025
Singapore, Singapore, December 19th, 2024, Chainwire — UTXO Stack, a Lightning Network liquidity staking protocol, has completed its Series A funding round at a $50 million valuation. The round was co-led by UTXO Management, CMS, and PAKA.
This follows their successful seed round, which was co-led by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.
To further their mission, UTXO Stack will launch a large-scale airdrop incentive program in early January 2025. This initiative aims to boost BTC liquidity within the Lightning Network. Following this, they will introduce liquidity airdrop incentives for CKB and RGB++ assets, coinciding with the mainnet launch of CKB's Fiber Network.
Later in Q1 2025, UTXO Stack will host its Token Generation Event (TGE), marking the first TGE within the Lightning Network ecosystem.
About UTXO StackUTXO Stack is a decentralized cross-chain liquidity staking protocol built on the Lightning Network. It aims to maximize capital efficiency and cross-chain asset liquidity by enabling users to stake their BTC, CKB, and RGB++ assets in a decentralized and trustless manner. UTXO Stack is designed to enhance the overall liquidity and utilization of blockchain assets, ultimately contributing to a more vibrant and interconnected Web3 ecosystem. Learn more at utxostack.network.
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- The $SLAP Token Price Is Poised to Surge, Driven by a $1M Token Burn and the Momentum Behind Season 1 of Its Slap-to-Earn and Zealy Quests Airdrop Campaign
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