DNA Fund Invests $5 Million to Propel PACT SWAP DEX Forward
DNA Fund Invests in PACT SWAP's Innovative DEX
Hong Kong - In an exciting development for the decentralized trading landscape, DNA Fund has pledged a significant $5,000,000 investment to advance the capabilities of PACT SWAP, a cutting-edge cross-chain decentralized exchange (DEX). This investment also includes a notable $500,000 from the Helix Fund, all aimed at propelling PACT SWAP into live production.
Introduction to PACT SWAP and Its Vision
Pact SWAP Labs, the driving force behind this revolutionary platform, has enlisted a formidable team of blockchain experts, including the esteemed Brock Pierce, Scott Walker, and Toby Gilbert as co-founders. Together with the original team, they aim to innovate the way assets are traded across different blockchain networks.
The Unique Value Proposition of PACT SWAP
Pact SWAP positions itself as a next-generation DEX that facilitates the trading of native Bitcoin, TRON, and other digital assets without the use of bridges, wrapped tokens, or external validation processes. The DEX employs Coinweb’s groundbreaking PACT framework, which allows for seamless interoperability without the usual constraints. This approach promises traders faster, safer, and more economical exchanges that outshine current market offerings.
A Milestone for PACT SWAP's Growth
The substantial commitment from DNA Fund signifies a pivotal moment in PACT SWAP's development journey. Renowned for its support of pioneering Web3 ventures, DNA Fund has proudly invested in transformative projects such as Mastercoin, Hedera, and EOS. With this backing, PACT SWAP Labs is set to leverage DNA Fund's expertise for ecosystem development and forging strategic partnerships, driving a comprehensive global rollout.
Experience and Expertise of the Co-Founders
The new co-founders bring a wealth of experience and knowledge to PACT SWAP Labs:
- Brock Pierce — A pivotal figure in the crypto community, known for co-founding Tether and Blockchain Capital.
- Scott Walker — Co-founder of DNA Fund, with a rich history of investing in over 50 successful projects, including HBAR and Coinbase.
- Toby Gilbert — Co-founder of OnRamp and Coinweb, bringing vital strategic insight to the team.
The Future of DEX Trading
PAC SWAP aims to change the game for decentralized trading. Chris Miglino, the CEO of DNA Fund, expressed his excitement about supporting PACT SWAP's innovative endeavors. "We’re proud to stand behind a project that reimagines decentralized trading. Having industry leaders Brock, Scott, and Toby on board only enhances our belief in PACT SWAP's potential," he stated.
Stephen Morris, CEO of PACT SWAP Labs, echoed these sentiments, emphasizing a significant departure from traditional models that rely on bridges and validators. "Our goal is a next-gen approach—one that is scalable, cost-effective, and secure. This partnership with DNA is a critical stride toward transforming digital asset trading as we know it," he noted.
Features and Capabilities of the DEX
The initial rollout of PACT SWAP includes support for trading major assets like BTC, TRX, BNB, ETH, and USDT across various blockchain networks, each with a trading cap of $20,000. This launch not only enhances trading versatility but also builds vital connections with key industry players, paving the pathway for a public launch anticipated within the following months.
About PACT SWAP
PACT SWAP is designed to redefine how traders engage with digital assets, merging cost-efficiency and security without the typical limitations of existing cross-chain protocols. Utilizing advanced technology developed by Coinweb, PACT SWAP enables almost instantaneous transactions with up to 95% lower fees compared to traditional DEX solutions. Its design appeals to both retail clients and institutional investors, promising a groundbreaking evolution in decentralized trading.
Contact Information
For more information, you can reach Anton Roos through the provided email: marketing@pactswaplabs.io.
About DNA Fund
As a pioneering venture capital firm dedicated to the Web3 ecosystem, DNA Fund brings a wealth of experience in early-stage investments, infrastructure, and asset tokenization. Founded by visionaries Brock Pierce and Scott Walker, DNA Fund actively supports entrepreneurs with not only financial backing but also invaluable operational guidance and extensive networks.
Frequently Asked Questions
What is PACT SWAP?
PACT SWAP is a next-gen cross-chain DEX that allows seamless trading of native assets like Bitcoin across different blockchains without the need for bridges or validators.
Who are the key figures behind PACT SWAP?
Notable co-founders include Brock Pierce, Scott Walker, and Toby Gilbert, all of whom possess extensive experience in the blockchain and venture capital industry.
How much has DNA Fund invested in PACT SWAP?
DNA Fund has committed a total of $5,000,000 to support the development and growth of PACT SWAP.
What advantages does PACT SWAP offer over traditional DEXs?
PACT SWAP offers enhanced scalability, lower fees, and a secure, composable environment that doesn’t rely on outdated mechanisms like bridges.
When can we expect a full public launch of PACT SWAP?
A comprehensive public launch is expected soon, following initial rollouts which include major asset trading capabilities.
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