✳️Investors & Partners
Last updated
Last updated
The seed round successfully concluded in June 2022, with the team raising $2 million, equivalent to a 10% stake in the project's fully diluted valuation (FDV) of $20 million. Participants who contributed to this round are listed in the graph provided below.
To ensure a responsible and structured token distribution, seed tokens are subject to a linear vesting period of 12 months. This vesting period begins after a 6-month cliff period following the conclusion of the public sale, meaning seed tokens will begin to unlock in August 2023.
Our highly anticipated public sale took place in January 2023, resulting in a remarkable achievement of $6 million raised. This successful funding round secured a 15% stake in the project's $40 million FDV.
GMX - GMX is a decentralized exchange built initially on the Ethereum blockchain, and has since expanded to Arbitrum and Avalanche. STFX and GMX agreed a token swap in late 2022, further solidifying our partnership and utilization of GMX across multiple chains for our platform.
Arbitrum - Arbitrum is a Layer 2 scaling solution for Ethereum. Building on top of Arbitrum was the perfect fit for STFX, as it reduced fees dramatically, allowing users to fully utilise the dApp at a fraction of the cost. With the recent growth explosion of the Arbitrum chain, we are excited to be building on one of the next biggest cryptocurrency chains.
Cap.io - Cap is a leading derivatives protocol in the cryptocurrency space, that will be able offer users of STFX many more assets, higher leverage, and help to enhance the overall trading experience and immersion on our dApp. Utilizing a protocol like cap will help to cater for all styles of managers and investors.
Amber Group - Amber Group offers many services in the cryptocurrency space, including algorithmic trading, liquidity provision, and lending services. As a market maker for STFX, Amber Group will help to facilitate trading of the STFX token by providing liquidity to the market.
Avalanche Foundation - Avalanche is a decentralized blockchain that enables high-speed, low-cost transactions for users of their chain. As a strategic partner of STFX, we built on top of Avalanche in our "proof-of-concept" stage, and will continue to grow and build within their ecosystem.
Optimism - Optimism was one of our very first chains to build on to solidify our proof-of-concept. Optimism is a leading layer 2 scaling solution for Ethereum, and will be a key component to our long term omnichain plans for the dApp. Perp - As one of the earliest believers in STFX, we received a grant from Perp to utilize their protocol within our dApp. Perp is an advanced decentralized protocol for trading perpetual futures.
