New York, United States, June 7, 2023, Chainwire
Breaking barriers in the decentralized cryptocurrency mining sector, WOW EARN announced today the successful closure of its Series A financing round, raising $30 million.
The funding round was led by a consortium of venture capital firms, including Pinnacle Innovations Capital, Blue Horizon Ventures, Ascendant Growth Partners, Nexus Pioneers Capital, and Quantum Leap Ventures.
The round bolsters WOW EARN’s vision to democratize cryptocurrency mining by rendering it accessible and secure. The platform, which requires no prerequisite for expensive hardware or specialized knowledge, offers up to 13.39% APY and collaborates with Hacken, a blockchain security auditor.
WOW EARN will use these funds to broaden its operations, enhance its platform’s capabilities, and consolidate its community-oriented model. The startup’s approach to mining – encompassing liquidity mining, lending mining, and token mining – will be scaled to transform how users earn and use tokens.
The WOW EARN ecosystem is anchored by the multi-chain WOW token, which transparently powers its mining pool, private placement initiative, operational development, and community incentives.
With its technology, community support, and Series A funding, WOW EARN aims to lead the charge in the evolution of decentralized cryptocurrency mining.
About WOW EARN
WOW EARN facilitates user access to the blockchain, offering decentralized mining, earning, and trading mechanisms. The platform’s mining model enables widespread participation in the mining process, contributing to the growth of the decentralized finance (DeFi) ecosystem.
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