Who’s leading Bank of Chain’s $3 million seed round
BoC Capital Supports
BoC (Bank Of Chain) is a new and innovative platform in the decentralized finance (DeFi) ecosystem. It helps ordinary users to obtain a near “risk-free” wealth management tool on the blockchain. — BoC Docs
As blockchain technology starts to develop, BoC has emerged as a growing project, step-by-step moving forward towards approaching its ultimate goal to serve as a decentralised “bank”. Starting from the internal testing stage, the BoC Team has now successfully presented the community with the BoC Beta version that provides a near risk-free APY of 8.42% and an average risk on Sample APY of 30% generated from the risk on strategy newly deployed on Polygon.
Have you ever been wondering:
Who has been supporting BoC until today in making such an inspiring start? Is there any seed funding behind BoC? If yes, which?
The three questions above will now be addressed in this short article, to provide BoC audiences with some insights and simple answers to those questions.
Bank of Chain (BoC) has members from three parties investing $0.5M in total to establish the BoC capital pool [i.e., the Total Locked Value (TVL)]. BoC is also funded with $3M of seed capital. The three parties here are NetDragon Websoft (Mr. Dejian Liu), IDG Capital (Mr. Dongliang Lin), and Iris Pacific (Mr. Xiaotian Zhang) respectively.
NetDragon Websoft is a Chinese company based in Fuzhou, China founded in 1999, which develops and operates online multiplayer games as well as mobile applications. Being supported by skilful developing teams and supporting staff, NetDragon has decided to also indulge in Decentralised Application (DApp) developments in conjunction with the emerging Blockchain technologies, which therefore brings us BoC.
IDG Capital is a global investment firm which is based in Beijing, China founded in 1992. It serves as an investment and asset management firm specializing in venture capital, private equity, and mergers & acquisitions. Its diversity in investing successfully lands itself offices in up to fifteen main cities around the world. Being such a strong investment firm, IDG brings seed funding supporting the development of BoC.
Iris Pacific is a global asset allocation platform based in Shenzhen, China established in 2003, with a registered capital of $ 44M. It successfully raised $ 83M from Goldman Sachs, Sequoia Capital, and other top domestic and international venture capitals, establishing strict financial management and risk control. The company founder has extensive investment experience in multiple main cities around the globe. He is also a specialized crypto investor looking for potential DeFi projects and is hence highly interested in being the seed capital to back-up BoC’s growth.
Now introducing the BoC founders and core team to all:
After summarising the support behind BoC, readers could now review BoC’s development planning at BoC Docs to have a clearer vision of BoC’s pathway.
BoC awaits you!
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