SCRT Labs puts on a $ 400 million fund for strengthening the ecosystem and the application level of Privacy Network-Privacy
SCRT Labs puts on a $ 400 million fund for strengthening the ecosystem and the application level of Privacy Network-Privacy
On Wednesday, the Secret Network announced the introduction of a $ 400 million fund in order to expand the application level and to grant grants to the participants of the ecosystem that accelerate the user acceptance. The market capitalization for the native token SCRT of the network is now the third largest market for data protection-oriented crypto-assets with a market capitalization of $ 1.4 billion.
SCRT Labs puts on $ 400 million funds, SCRT will increase by over 47 %
last weekAt the time of the letter there is over $ 11 billion according to Coingecko.coms "Top Privacy Coins by Market Capitalization" list today a high value of data protection-centered Crypto assets. monero (xmr) and zcash (zec) occupy the first two positions in relation to the privacy coin ratings, on January 19, 2022. The cryptocurrency is secret (scrt) The third largest with an assessment of $ 1.4 billion, which represents the 87th position of today more than 12,000 crypto-assets. Secret Network is a data protection coin that also offers intelligent contract functions.
Secret (SCRT) has increased by 644 % since the beginning of the year, and in the last 30 days it has increased by $ 112 %. Weekly statistics show that the secret has increased by 47.9 % in the past seven days. However, the secret (SCRT) accounts for only 0.07 % of the total evaluation of the crypto economy worth $ 2 trillion on Wednesday. In the last 24 hours, the SCRT trade volume was $ 84.6 million, and the 24-hour price range was between $ 8.54 and $ 9.82 per unit. At the time of printing, Osmosis is currently the most active SCRT exchange according to Coingecko metrics.
The secret network announced on Wednesday the laying of a $ 400 million fund to support the project and create incentives for the development. The Secret Network was also selected by quentin tarantino Token (NFT)-Assets published by Pulp Fiction. The development team behind the Secret Network, SCRT Labs, announced that some well -known investment companies have acquired positions at SCRT. The companies mentioned include scrt labs alameda research , Hashkey capital , coinfund , and Capital of the defiance .
"We are pleased to support the Secret Ecosystem and look forward to accelerating his global growth in all industries and aspects," said Brian Lee, partner at Alameda Research. "Secret Network is the pioneer and market leader in the solution of what is still a core need for web3: data protection for applications."
The fund consists of an ecosystem fund of $ 225 million and an accelerator pool of $ 175 million
SCRT Labs states that the financing is divided into two parts. First, an ecosystem fund of $ 225 million, "which is composed of contributions from over 25 existing ecosystem investors and partners and aims to expand the application layer (including Defi and NFTS), the network infrastructure and the tools of Secret Network". In addition, the team says that the ecosystem fund "encompasses 25 partner organizations".
Then $ 175 million is provided for an “accelerator pool financed in SCRT, which is intended to provide water-free capital, grants and ecosystem incentives to quickly increase the user acceptance”.
"Since our first WhitePapers on in 2015, we have worked tirelessly to bring data protection to all blockchains", Guy Zyskind , founder and CEO from SCRT Labs. The CEO added:
We are now inviting developers around the world to join our mission and to develop the next generation of secret apps that will protect and strengthen millions of users worldwide.
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