Bnext has announced a total investment of $ 10 million as the Spanish fintech giant is preparing to complete the sale of tokens.
Madrid, Spain, May 12, 2022 — Borderless Capital has increased its investment in Spanish fintech company Bnext to $ 10 million with a recent $ 4.5 million investment.
What this means for Bnext
The latest investments will help further drive Bnext’s goal of continuing to introduce cutting-edge financial technology beyond 2022. Borderless Capital provides financial support and valuable expertise in the Algorithm blockchain ecosystem to accelerate the development of numerous financial products and drive the adoption of decentralized financial technology on a global scale. To support.
Argoland and Banext
The Algorand blockchain offers several technical benefits such as increased transaction speed efficiency, reduced charges, no mining requirements, and a pure proof of stake consensus mechanism without permission. Bnext is already leveraging Algorithm to enhance its wallet app and is developing more use cases for the future.
Argoland Community Private IDO
To show support for the Algorand community, Bnext will reuse 350 million Bnext tokens (B3X) for private IDOs (Initial Decentralized Exchange (DEX) Offerings) and will soon be released on major Algorand DEX. These tokens represent everything that remains from the second phase of B3X’s first token sale.
In addition to IDO assignments, all Algorithmic community members who participate in DEX and hold tokens will have priority access to new features and other benefits. Information about IDO will be published on Bnext’s social media channels within a few weeks.
Bnext Public Token Sale Raises Over $ 5.2 Million
Bnext partially discontinued public token sales on March 31 and successfully raised more than € 5 million ($ 5.2 million). The token sale spanned two seven-day phases in March. In Phase 1, participants purchased 360 million B3X utility tokens in the first few hours, and Phase 2 purchased an additional 15 million. After the expected IDO, the remaining B3X tokens in Phase 2 will be burned to increase liquidity.
The sale of the tokens raised a total of € 11 million ($ 11.43 million), and Bnext booked the last remaining tokens with the Argorand community’s private IDO.
B3X Token Utility
Bnext tokens are utility tokens that underpin the entire Bnext ecosystem. The platform’s mission is to bring financial freedom to the global community of banks and non-bank members by increasing access to an ever-growing next generation of financial tools and to continually improve the user experience. That is.
Continued support from Borderless Capital will help Bnext strengthen its growing community and bring more value to its users through international expansion. Future products on the Bnext Roadmap include a powerful reward system, diverse markets, cryptocurrency apps with trading conditions, international money transfers, user discounts and more.
Visit the Bnext website for more information on how more people can regain full control of their finances.
Bnext was one of Spain’s first fintech giants and a pioneer in providing an alternative to traditional banks. The company’s mission is to make it easier for people to manage their money to live in a more free, simpler and more intelligent way.
Bnext is the source of this content. This press release is for informational purposes only. This information does not constitute investment advice or investment offers.
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