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,
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.
Building on this milestone, UTXO Stack plans to launch a
groundbreaking large-scale airdrop incentive program in early
January 2025, aimed at boosting BTC liquidity within the Lightning
Network. Following this, they will collaborate with the mainnet
launch of CKB's Fiber Network to introduce liquidity airdrop
incentives for CKB and RGB++ assets. UTXO Stack is set to host its
Token Generation Event (TGE) in Q1 2025, marking the first TGE
within the Lightning Network ecosystem.
Contact
UTXO Stack Research
Leader
Chester
UTXO
Stack
medium@utxostack.network
