Alchemy Pay Celebrates $10M Funding After OKX Listing, Golden Inu To Launch New DEX

Golden Inu ($Golden) Joining ERC20 Network
Golden Inu ($Golden) Joining ERC20 Network

As blockchain technology continues to advance, the demand for new technological updates in the Web3 industry is growing.

With the rise of decentralized finance and non-fungible tokens, the demand for decentralized platforms and services has increased. DEXs have become a crucial component of the DeFi ecosystem, providing users with a decentralized and permission-less way to trade cryptocurrencies and tokens.

Alchemy Pay ($ACH) Raised $10-Million Funding

The Singapore based crypto payment provider Alchemy Pay has recently raised $10 million in funding from market maker DWF Labs, with a valuation of $400 million.

The investment will aid the Web3 company’s expansion plans in South Korea, where it aims to leverage the nation’s high crypto adoption rate and support local companies in their international growth. 

The company has previously collaborated with major players such as Visa, MasterCard, Google Pay, and Apple Pay in enabling crypto firms to access the fiat payment system.

In addition, Alchemy Pay [$ACH] was integrated into OKX’s platform to facilitate the project’s goal of making crypto payments more accessible to the public.

Traders Buying $GOLDEN (ERC20) Token In New ICO PreSale

Meanwhile, the memecoin market is also seeing a lot of rapid development this year.

The new token on the block, Golden Inu, recently announced the ICO presale for their new version of their token on the Ethereum blockchain. The ICO event has already put together $5,000 in Eth, and the funds are aimed into the construction of a new decentralized exchange.

The asset had initially launched its first initial coin offering in February on the BNB Chain. The launch was an undeniable success, and the token’s value grew by over 500% over the following three months.

Now, the move to ERC20 is part of the memecoin’s goal of creating a multi-chain DEX, where users will be able to swap between several different tokens on multiple blockchains. The $GOLDEN token will be paired between both blockchains on what’s expected to be a $1 to $1 peg. 

This latest development is on par with the plans of the crypto brand to generate more utility and higher ease of use. 

In less than 5 months on the market, the developers had already created two different applications, including a dashboard that let’s users track the currency’s price, branding value points, news mentions, and more in real-time.

Furthermore, the new decentralized exchange can change lives in targeted Latin Amercia markets due to the fact of the cross-chain feature’s potential of trading between multiple tokens.

The bep20/erc20 crypto project’s roadmap shows plans to launch additional new projects over the course of the year. On the horizon, holders are anticipating to see the implementation of a new marketplace. This eCommerce app will allow the trade of goods and services for $GOLDEN tokens.

Uses Cases of Cryptos Expanding Overall

Overall, the blockchain industry continues to evolve rapidly, with new developments and innovations emerging regularly. 

Alchemy Pay’s recent funding and expansion plans in South Korea demonstrate the growing interest in decentralized payment services, while Golden Inu’s launch of a new ICO and plans for a multi-chain DEX reflect the growing popularity of memecoins and the potential of cross-chain functionality. 

These developments highlight the ongoing efforts to create more user-friendly and accessible blockchain platforms and services. 

As the industry continues to mature, it is likely that we will see more advancements and collaborations between companies across the blockchain ecosystem, ultimately benefiting users and investors alike. 

With increasing interest and investment in the blockchain industry, it will be exciting to see what new developments and opportunities will emerge in the months and years to come.

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.