DGAP-News: Advanced Blockchain AG
/ Key word(s): Cryptocurrency / Blockchain/Expansion
Advanced Blockchain AG (Frankfurt, Primary Market Düsseldorf, XETRA: ISIN DE000A0M93V6) was able to help successfully facilitate a fundraise for Pendulum via its subsidiary, which raised $5 million. For these efforts and the ongoing support of the PEN token launch, Advanced Blockchain will receive 5.5% of the future supply of Pendulum's native PEN Token supply. Currently, the valuation is at a network value of $25m.
Pendelum is a project building a smart contract compatible solution with focus on fiat collateral stablecoins for the Stellar blockchain network (https://www.stellar.org/). Ultimately, Pendulum aims to bridge the Stellar network and its fiat tokens to the growing decentralized finance (DeFi) ecosystem. The Stellar network is an open blockchain capable of efficiently storing and moving digital assets. This network stands out among other blockchains for its ability to optimally facilitate digital asset transfers, and its strong connection between traditional and decentralized finance. This strength stems from the network holding a multitude of fiat currencies and stablecoins as well as its compliant on- and offramps.
02.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Advanced Blockchain AG |
Scharnhorststraße 24 | |
10115 Berlin | |
Germany | |
Phone: | +4930403669510 |
Fax: | 030403669511 |
E-mail: | info@advancedblockchain.com |
Internet: | www.advancedblockchain.com |
ISIN: | DE000A0M93V6 |
WKN: | A0M93V |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1245302 |
End of News | DGAP News Service |
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1245302 02.11.2021
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