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Tonic Raises $5 Million To Build A Defi Platform On Near

Apr 26, 2022•about 3 years ago

Amount Raised

$5 Million

Miami

Description

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 Information

Company

Tonic

Location

Miami, Florida, United States

About

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.