Hong Kong, April 15, 2022 (GLOBE NEWSWIRE)-Bering Waters Group, a leading Hong Kong-based OTC, venture and technology group, joins a team of Polish blockchain developers to increase the liquidity of Solana Tokens. Awarded $ 30,000 to market and facilitate the buying and selling of historically certified digital currencies.
Invariant, a peer-to-peer automated market maker (AMM) and decentralized exchange (DEX), has been determined by Bering Waters to be the best Poland-based project in the global Solana Riptide Hackathon. One of the 57 awards sponsored by Bering Waters and announced by the Hackathon organizer, this award supports Invariant’s ongoing efforts to increase the liquidity of the Solana ecosystem.
This award is part of Bering Waters’ long-term strategy. To build a stronger developer community in Poland.
“My financial and technology career has taken me all over the world, but I was born in Poland.” Ewelina Leszczak, Founder and CEO of BeringWaters Group, said: “We are proud that Poland has emerged as a major hub for blockchain innovation. The entire Bering Waters team is committed to supporting this growth.”
Invariant — which can be found online at https://invariant.app — is a peer-to-peer system for exchanging assets on the Solana blockchain. The company’s next-generation protocol is implemented as a set of smart contracts that prioritize efficiency, censorship resistance, security, and self-management, with a focus on decentralization and performance, thanks to centralized liquidity capabilities.
“Taking into account all our judgment variables, Invariant was the clear winner of the award.” Said Yuri Kasnikov, Bering Waters Tech Lead. “This project builds an AMM DEX focused on centralized liquidity that supports a long list of wallets urgently needed in the blockchain. The developers have done a great job with that codebase and this hackathon. I have plans to build this project long after I’m late.
“We are using the money we receive from Bering Waters to work on transforming the project from good to great at Solana in the coming months.” Wojciech Cichocki, CEO of Invariant Labs, said:.. “It’s great that global players like the Bering Waters Group have found untapped potential in technology talent in the Polish market and directed the award to developers like us. Talent in our country. And I’m excited that they are working to support the growth of all of us. “
The Bering Waters review team, led by Kashnikov and Michael Weinrub of TechBusiness Lead, will consider several factors such as market preparation, team presentations, value added to the Solana ecosystem, and future visions and goals of the winners of this project beyond the hackathon. Did. ..
“With a $ 30,000 prize, Bering Waters is a Polish developer and team building exciting projects on the blockchain today, using the most suitable underlying infrastructure to access Solana. And most importantly, I definitely got the opportunity to receive strategic funding. “” Wine Love said. “I’m happy that Invariants now have a real chance to thrive.”
Bering Waters is committed to expanding the size and use of the Solana ecosystem through a variety of initiatives, including targeted investments, businesses and internal projects. Bering Waters also supports education and mentorship programs to develop the Polish blockchain workforce and prepare local entrepreneurs to succeed on the world stage.
Bering Waters has been working on expanding the Solana ecosystem for many years. For example, in December 2020, Bering Waters led the creation of SOLAR Bridge, the first technology to transfer data from the high-performance blockchain Solana to Arweave, a persistent and decentralized storage solution.
As investors at both companies, Bering Waters was in a unique position to see the potential to solve the pressing problems of all blockchains as Solana and Arweave grow to meet the needs of their financial networks.
Note to Editors: Both Michael Weinrub of Bering Waters Tech Business Lead and Yuriy Kashnikov of Bering Waters Tech Lead can participate in follow-up interviews on this award. Contact marketing@beringwaters.com for a conversation schedule.
About Bering Waters Group
Founded in 2018, Bering Waters Group is a group of three blockchain and cryptocurrency companies that offer decisive benefits to a broad network of financial institutions, blockchain companies and high-value private investors around the world. .. This group consists of the following industry-leading companies: BeringWaters OTC, Bering Waters Ventures, and BeringWaters Tech. Headquartered in Hong Kong, Bering Waters Group offers solutions that push the boundaries of mainstream blockchain and cryptocurrency adoption.
About BeringWatersTech
Founded in 2020, Bering Waters Tech is a technology development and advisory business that strategically collaborates with the Bering Waters Group portfolio companies. Within the partnership, it is the responsibility to strategically allocate developer resources to solve the technician shortage, accelerate the product timeline, and create innovative solutions and technologies within the company.
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Image 1: Riptide / Bearing Waters / Invariant
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