Tonic Raises $5 Million To Build A Defi Platform On Near
04/26/22, 9:07 AM
Location
Money raised
$5 million
Tonic announced the close of a $5 million capital raise to build an open-source orderbook DEX on the NEAR Protocol. With this raise, Tonic will continue to expand its team and deliver a scalable platform for trading and building DeFi applications.
Company Info
Location
miami, florida, united states
Additional Info
Tonic is a fast, permissionless decentralized exchange protocol. Tonic aims to bring the speed and convenience of centralized exchanges to the blockchain while being fully decentralized. The mission is to build an open protocol for trading, owned and operated by the community.
The team is ex-FAANG software engineers with experience in developing high-performance systems, security engineering, and financial applications.