AshSwap raises $5.3M in their private and public sale to launch the first stable-swap on Elrond.

AshSwap is a decentralized exchange built on Elrond that helps users trade between stablecoins with low slippage and small fees. But not only that, it also aims to bring DeFi to a new level where users benefit from enhanced yield dynamics and special token use cases.

On October 11, 2022 AshSwap AG (https://ashswap.io/) announced that it has raised USD 2.5 million in a private sale round led by Elrond with participation from Morningstar Ventures, Istari Vision, Skynet EGLD Fund, Spark Capital, Rhinevall Capital, Swissborg and selected Angels.

On October 25, 2022 AshSwap successfully completed their Public Sale through the Maiar Launchpad. Over 337‘473 lottery tickets have been sold with an overall value of over USD 16 million, out of which 56’000 winning tickets were drawn using the Fisher-Yates shuffling method to raise a further USD 2.8 million.

It was a pleasure for us at Crypto Advisory to advise and support AshSwap in compliance related matters during the private and public sale, working in close collaboration with Elrond’s Maiar Launchpad team to check over 50’000 participants in less than two weeks! We are looking forward to further support AshSwap along their journey.

Congratulations to the whole team of AshSwap, especially to Neil, for successfully completing the funding!

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AshSwap raises $5.3M in their private and public sale to launch the first stable-swap on Elrond.

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