DWF Labs attracted attention as an important development for the altcoin world. The investment firm reinforced their commitment to fostering the growth and adoption of the AirDAO ecosystem. Because he announced that he made a significant investment of $ 7.5 million in AirDAO. This investment, which follows the previous investment of $2 million in September 2022, demonstrates their confidence in the potential of the project. Here are the details…
DWF Labs came to the fore with its altcoin investment
The investment comes with a one-year lock-in period, which will be followed by a 36-month unlock period. This strategic move by DWF Labs will play an important role in taking AirDAO to new heights in the field of decentralized finance (DeFi). Following the announcement, AirDAO’s native token, known as AMB, experienced a significant increase in price. At the time of reporting, the price of ECB stands at $0.01434008. It increased by a staggering 24.41% in the last 24 hours. Over the past week, the ECB increased by an impressive 47.83 percent. These significant gains attracted a lot of attention from the cryptocurrency community.
AirDAO’s trading volume also increased significantly. 24-hour trading volume reached $28,277,711.13. This showed that the interest and liquidity in the project increased with the DWF announcement. With a circulating supply of 3.3 billion AMB tokens, AirDAO currently has a market cap of $44,308,926. This investment infusion from DWF Labs not only strengthens AirDAO’s financial foundation. It also underscores the growing recognition of AirDAO’s potential to disrupt and innovate the DeFi space. As the unlock period progresses, we will see how this partnership further shapes the future of decentralized finance. It will also be interesting to observe how the AMB token continues to perform in the ever-evolving crypto market.
Details of AirDAO: What is its purpose?
The cryptocurrency community is eagerly awaiting the next developments in this promising partnership between DWF Labs and AirDAO as they work together to bring decentralized finance solutions to a wider audience and ultimately reshape the landscape of the crypto industry. As reported by Kriptokoin.com, according to the official litepaper, the AirDAO Network is a layer-1 Blockchain secured by more than 160 globally distributed validators.
It is designed to enable anyone to build a variety of applications on a relatively inexpensive layer-1 blockchain that does not compromise security. It is also compatible with the Ethereum Virtual Machine (EVM). It provides the necessary interoperability with applications on Ethereum or other EVM compatible Blockchains. The network achieves exponential scalability by aggregating individual data packets.
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