SeeleN Turbo Launches $10M Ecosystem Fund and CandySwap Is the First Incubation Project
In order to better expand the scale of SeeleN ecosystem and provide strong support for the sustainable development of ecological projects, SeeleN Turbo Fund is officially established today.
SeeleN mainnet validators jointly funded the establishment of the SeeleN Turbo Fund, and elected King Fund as the fund institution, with an initial scale of $10 million. The SeeleN ecological project support plan was subsequently launched, aiming to provide fund support for outstanding developers and ecological projects.
SeeleN Turbo Fund helps ecological projects integrated into SeeleN ecosystem faster and better through technology research, Technology diffusion, product innovation, standards setting and funding support, etc. SeeleN Turbo will promote the SeeleN ecosystem to the blockchain world to fully explore its Industrial and commercial value, making SeeleN an innovation ecosystem with a virtuous cycle.
The fund mainly supports three types of projects: for outstanding developers or projects recognized by the community, fund support is given in the early stage of development; for projects that are launched and integrated into the platform, fund rewards can be obtained after long-term recognition from the community; Provide funds for outstanding projects that have been launched on other networks to attract developers to join.
The first project supported by the SeeleN Turbo Fund was CandySwap. SeeleN Turbo has invested a total of 250,000 US dollars to purchase 5% of the total issuance of the platform token CSF. The current CSF price is 0.41USDT, rose by 4000%, and the total liquidity of CandySwap has reached 6 million US dollars.
This investment stems from the SeeleN Turbo Fund’s long-term optimism about CandySwap as a SeeleN ecological financial infrastructure.
So far, the SeeleN Turbo fund entrance has been launched on the SeeleN official website. Ecological developers can apply for fund support by contacting mailto:Business@SeeleN.pro.
About SeeleN DAO:
SeeleN DAO is a collaborative autonomous ecology based on the SeeleN public chain and co-created by the ecological community. The ecology is aimed at incorporating and incubating high-quality projects in all fields, including metaverse, NFT, GameFi, DeFi, energy, etc. The development, construction and governance of the whole ecology are coordinated and governed by all ecological participants.