Strategic partnerships that align with THE vision are key, particularly during critical fundraising phases that fuel growth. At THENA, our journey through the bear market has been marked by steadfast product development, laying a foundation for future success. Now, as we pivot towards global expansion, we’re thrilled to announce a significant milestone: a strategic investment from Orbs. This not only boosts THENA with essential capital but also symbolizes the beginning of a new chapter. Our dedication to product innovation is now set to transform the DEX landscape on BNB Chain.
The $600,000 USD investment by Orbs, a leader in empowering developers since 2017, underlines our early achievements and shared commitment to building a decentralized future without compromising on scalability and mass reach. It is an endorsement of THENA’s vision and potential, aligning perfectly with our goal to collaborate with like-minded builders and innovators.
We’ve teamed up with a lot of DEXs, but working with THENA has been a standout experience. Their team’s energy and fresh ideas are really something. With this partnership, we’re excited to see THENA grow and continue to be among the first venues to use Orbs Network Layer-3 tech in production. Looking forward to seeing this partnership power the next bull run!
Ran Hammer, Orbs VP BizDev
Innovating DeFi
In June this year, THENA integrated Orbs’ dLIMIT and dTWAP to enhance the DEX’s trading capabilities. This gave traders on THENA access to advanced order types, including limit orders, and algorithmic trading strategies using decentralized time-weighted average price (TWAP) orders. Orbs has also been a major liquidity provider.
Building on this solid foundation, we are now advancing our collaboration further with the ongoing integration of Orbs’ innovative new solution, THE Liquidity Hub. We anticipate sharing more exciting updates about this development in the coming weeks.
THE Future
The investment with deepened collaboration will help accelerate THENA’s growth and development.
Building the Best User Experience: A key portion of the investment is earmarked for hiring a full-time front-end (FE) resource. Our goal is to develop the most user-friendly and innovative FE on top of SYMMIO. We envision a platform where simplicity meets functionality, offering our users an unparalleled trading experience.
Expanding Our Reach in the Asian Market: Recognizing the immense potential in Asia, a significant part of our strategy involves bolstering our public relations and communications efforts in this key market to establish THENA as a major player in the scene.
Enhancing Marketing Efforts: To support our continuous growth trajectory, we are expanding our capabilities in business development and marketing.
Fueling Growth with Innovative Incentives: We are excited to introduce a variety of growth tools, including referral programs and trading competitions. These initiatives are designed to not only incentivize current users but also attract new users to our platform.
Strengthening Our Treasury for Future Opportunities: A portion of the investment will be allocated to building a robust treasury. This strategic reserve will empower us to seize future opportunities, invest in new technologies, and ensure long-term sustainability and success for THENA.
Builders Unite
As we celebrate this monumental moment with Orbs, it’s essential to recognize the unique nature of this partnership. At THENA, we have always positioned ourselves as a public good, committed to the ethos of decentralization and community-first principles. This was evident from our inception, particularly through our innovative NFT fundraising approach, which aligned with our core values of openness and inclusivity.
Orbs’ involvement goes beyond traditional VC investment. They are OG builders who have significantly contributed to the development of DeFi applications and infrastructure over the years, and will apply their expertise to contribute to THENA’s development with THE Liquidity Hub and more. Orbs brings to the table a wealth of experience, technical prowess, and a deep commitment to building the decentralized future.
About Orbs
Orbs is a “Layer-3” public blockchain infrastructure project powered by PoS, pioneering on-chain innovation since 2017.
Orbs is set up as a separate execution layer between L1/L2 solutions and the application layer, as part of a tiered blockchain stack, enhancing the capabilities of smart contracts and powering protocols such as dLIMIT, dTWAP and Liquidity Hub.
The project’s core team consists of more than thirty dedicated contributors spanning from Tel Aviv, London, New York, Tokyo, and Seoul.
For more information, please visit www.orbs.com, or join their community on:
Telegram: https://t.me/OrbsNetwork
