DWallet Labs completes $5 million in seed round financing, led by DCG and Node Capital

[DWallet Labs completes $5 million in seed round financing, led by DCG and Node Capital] On August 18, network security company DWallet Labs announced the completion of $5 million in seed round financing, co-led by Node Capital and Digital Currency Group (DCG) . Funding from this round will be used to build services and solutions on the Odsy network, a decentralized access layer in development for wallet signing through a dynamic decentralized scheme. (the block)

Other news:

DragonEx released a temporary restart plan. After the launch of the DWQ function, deposits and withdrawals will be gradually resumed: On November 8, DragonEx officially released a temporary restart plan. The official stated that the platform is actively seeking external investment in the near future. Due to the possible uncertainty of financing time and in order to shorten the waiting time of users, the platform decided to launch a temporary restart plan to gradually resume deposits and withdrawals. The specific program content-zce includes:

1. Users trade on the platform, mortgage loans, recharge, and can get the withdrawal amount DWQ. 1DWQ=1USDT, that is, 1DWQ can be used to withdraw assets worth 1USDT. The execution time is expected to start on November 9, 2020 (that is, the first snapshot will be executed at 00:00 on November 10).

2. DWQ/USDT is expected to be opened on November 15, 2020, and users can transfer DWQ freely.

3. In the later period, if the platform makes good profits, it can be fully covered and withdrawn.

4. After the DWQ function is launched, the platform will gradually resume deposit and withdrawal.

Prior to the news on October 21, due to a crisis of trust among users in the centralized exchange and a run on the platform, the level of the platform’s reserves deteriorated rapidly, so the recharge and withdrawal services of all currencies on the platform were suspended. [2020/11/9 12:04:02]

Sandwich has completed contract deployment and is about to enter the genesis mining stage: According to official news, Sandwich (SWH sandwich), a decentralized lending application developed based on the Ethereum ecosystem, has completed contract deployment and is about to enter the genesis mining stage. Sandwich lending has the characteristics of safety, efficiency, and on-chain execution. Users can obtain liquidity certificates through UNISWAP mortgages, and put the certificates into Sandwich mining pools for mining to obtain SWH tokens. The issuance of SWH tokens is 5 million.

It is reported that the Sandwich team has many years of experience in the blockchain industry. At present, the Asia-Pacific region has officially begun to operate. All users who participate in community construction can receive SWH rewards. [2020/10/9]

News | Blockchain Worldwide suspends stock trading: According to lse news, Blockchain Worldwide, a blockchain technology industry acquisition company, stated that the acquisition amount of Chorum Group Ltd was not disclosed. Trading in Blockchain Worldwide shares is currently suspended as the proposed acquisition would constitute a reverse takeover. Shares will remain suspended until the acquisition is completed or a request for reinstatement is filed. According to previous news, Stapleton Capital, a British small-cap company, recently announced that it will consider investing in blockchain technology and change its company name to Blockchain Worldwide. [2018/11/7]