[PRESS RELEASE – Singapore, Singapore, December 19th, 2024]
UTXO Stack, a Lightning Network liquidity staking procedure, has actually finished its Series A financing round at a $50 million assessment, co-led by UTXO Management, CMS, and PAKA. This follows their effective seed round, which was co-led by ABCDE Capital and SNZ Capital, with involvement from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.
Structure on this turning point, UTXO Stack prepares to introduce a groundbreaking massive airdrop reward program in early January 2025, targeted at enhancing BTC liquidity within the Lightning Network. Following this, they will team up with the mainnet launch of CKB’s Fiber Network to present liquidity airdrop rewards for CKB and RGB++ possessions. UTXO Stack is set to host its Token Generation Event (TGE) in Q1 2025, marking the very first TGE within the Lightning Network community.
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