Pixie is an entertaining social media platform that can let users earn cryptocurrency. Like a web3 version of TikTok and Instagram, Pixie took the lead in realizing SocialFi in the world. Through NFT technology, users in Pixie will obtain all rights to their digital content such as ownership. KuCoin Investment in Pixie, Pixie is a pioneer in protecting copyright for digital content from the start of the initial creation of the content.

The new funding by KuCoin Ventures announced today will be used to support Pixie’s team expansion and many other aspects, such as product, technology, and security to improve its user experience and launch more innovative products.

About Pixie

Pixie is the world’s first fully functional crypto-based photo and video sharing social network in Web3 with the SocialFi concept. Users can earn crypto PIX through their creations and social activities such as Post, Like, Repost etc. Pixie allows users of Web3 to display their Ethereum NFT Asset in Pixie App and share their NFT with other users while earning PIX rewards accordingly. Pixie has made it possible for users to truly take ownership of their data. Users can mint their posts to NFTs, which can be easily exported to other supported platforms. Pixie defines a brand new “Creator Crypto-Economy” model and works with all its users to build and develop a decentralized social network where users can manage and share value and profit.

In the past few months, Pixie has reached over 200,000 registered users and 20,000 DAU, who have already contributed more than 7 million posts, including pictures and videos. Pixie has become one of the largest social networks in the Web3 era with the SocialFi concept.

Website | Twitter

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusiveness and community action reach, it offers over 700 digital assets. Currently, it provides Spot trading, Margin trading, P2P fiat trading, Futures trading, staking, and lending to its 20 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B Round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. In 2021 Forbes named KuCoin one of the Best Crypto Exchanges. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.

Website | Twitter

About KuCoin Ventures

KuCoin Ventures is a leading investment arm of KuCoin Exchange. It aims to invest in the most disruptive cryptocurrency and blockchain projects in Web3.0 era. With the commitment of empowering Crypto/Web 3.0 Builders with Deep Insights and Global Resources. It is also a community-friendly and research-driven full-stage corporate venture that focuses on DeFi, Game-Fi, Web 3.0, infrastructure.

Website | Twitter

SOURCE:

https://www.kucoin.com/ru/blog/kucoin-ventures-announces-investment-in-pixie-a-web3-version-of-tiktok-and-instagram

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Torches Finance is a KCC-based lending protocol that integrates functions such as lending, leveraged mining, and NFT. So far, Torches Finance has opened deposit and lending services for BTC, ETH, KCS, USDT, and USDC. Torches Finance has made serious efforts to enrich usage scenarios, innovating token, and incentive models and implementing strict risk management measures. The Torches Finance usage scenario foresees users gaining token benefits through various channels, including, but not limited to, providing liquidity, lending, participating in governance, etc.

Torches will officially start Torches Point Mining in Q3. Users can earn Torches Points by supplying or borrowing assets. Torches Points can be converted into Torches tokens ($TOR) according to certain coefficients after the token launch.

The fund will be used to strengthen Torches’ exposure by improving the ease of use and market share of products from a variety of aspects, including categories such as products, technology, security, team, and market. In terms of products, Torches Finance will upgrade and optimize existing services, while continuing to expand the depth of current products, effectively improving the asset utilization rate of investors. At the same time, Torches Finance will continue to work with DeFi projects on the KCC to jointly build the KCC DeFi ecosystem.

The Torches “Supply & Borrow to Win” campaign is still on, and users who provide liquidity (supply or borrow) to a certain amount will have the opportunity to win the whitelist of Torches Genesis NFTs — Torchlight. Torchlight will grant the owner multiple benefits, including but not limited to boosting buffs at Torches Point Mining, IDO allocation…etc.

About Torches

Torches is a decentralized non-custodial liquidity protocol based on KCC, where users, wallets and dapps can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an over-collateralised manner.

Website | Twitter

About Kucoin Ventures

KuCoin Ventures supports crypto and Web 3.0 builders both financially and strategically with deep insights and global resources.

KuCoin Ventures aims to invest in the most disruptive crypto and blockchain projects of the Web 3.0 era. As a community-friendly and research-driven investor, KuCoin Ventures works closely with portfolio projects throughout the entire life cycle, with a focus on DeFi, GameFi, and other Web3.0 infrastructures.

Website | Twitter

SOURCE: MEDIUM

The post Torches Strategic Investment by KuCoin Ventures appeared first on Smart Liquidity Research.

Torches Finance is a KCC-based lending protocol that integrates functions such as lending, leveraged mining, and NFT. So far, Torches Finance has opened deposit and lending services for BTC, ETH, KCS, USDT, and USDC.

Torches Finance has made serious efforts to enrich usage scenarios, innovating token, and incentive models and implementing strict risk management measures.

The Torches Finance usage scenario foresees users gaining token benefits through various channels, including, but not limited to, providing liquidity, lending, participating in governance, etc.

Torches will officially start Torches Point Mining in Q3. Users can earn Torches Points by supplying or borrowing assets. Torches Points can be converted into Torches tokens ($TOR) according to certain coefficients after the token launch.

The fund will be used to strengthen Torches’ exposure by improving the ease of use and market share of products from a variety of aspects, including categories such as products, technology, security, team, and market. In terms of products, Torches Finance will upgrade and optimize existing services, while continuing to expand the depth of current products, effectively improving the asset utilization rate of investors. At the same time, Torches Finance will continue to work with DeFi projects on the KCC to jointly build the KCC DeFi ecosystem.

The Torches “Supply & Borrow to Win” campaign is still on, and users who provide liquidity (supply or borrow) to a certain amount will have the opportunity to win the whitelist of Torches Genesis NFTs — Torchlight. Torchlight will grant the owner multiple benefits, including but not limited to boosting buffs at Torches Point Mining, IDO allocation…etc.

The Torches Finance Team

About KuCoin Ventures

KuCoin Ventures is a leading investment arm of KuCoin Exchange that aims to invest in the most disruptive cryptocurrency and blockchain projects in Web3.0 era.

Website | Twitter 

About Torches

Torches Finance is a KCC-based lending protocol that integrates functions such as lending, leveraged mining, and NFT.

Website | Twitter 

SOURCE

https://medium.com/@TorchesFinance/torches-announces-strategic-investment-by-kucoin-ventures-f21d382e546d

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