WGFDesocial Completes $20 Million Seed Round Financing

03/04/2023 14:16 • Digital Disruptors • 81 views

According to the official news, WGFDesocial has completed a seed round financing of US $20 million, led by Dao venture capital. Humza Saleem, the co-founder and CEO of WGFDesocial, said that WGFDesocial is a completely decentralized social platform that does not collect any user data. 60% of this fund is used for early participant air drop, 40% for WGF ecological development and team expansion. WGFDesocial ecology will be launched in Q3, All contributors who participated in the early interaction were airdropped.

WGFdesacial completed US $20 million seed round financing, and Dao venture capital led the investment

Analysis based on this information:

WGFDesocial, a completely decentralized social platform that doesn’t collect any user data, has just announced that it has completed a seed round financing of $20 million. The investment was led by Dao venture capital, and the funds will be used to conduct an early participant air drop, develop the WGF ecological system, and expand the team.

According to the CEO of WGFDesocial, Humza Saleem, 60% of the funds will be used for the early participant air drop program, while 40% will be used for the development of the WGF ecological system and the expansion of the team. Saleem also mentioned that the WGFDesocial ecology system will be launched in Q3, and that all contributors who participated in the early interaction will be airdropped. By using decentralized technology, WGFDesocial has gained a competitive advantage by providing a platform that’s not only more secure, but also more transparent, trustworthy, and user-oriented.

The significance of WGFDesocial’s announcement is not only that it raised $20 million, but that it’s a decentralized social platform that doesn’t collect user data. In today’s digital world, user data has become the new oil. Many existing social networks rely heavily on user data to support their business model. By not collecting user data, WGFDesocial has a unique selling point that sets it apart from its competitors.

Moreover, WGFDesocial is unique in that it provides an early participant air drop program. This program will benefit early adopters of the WGFDesocial platform, as they’ll receive rewards in the form of the WGF token. These early adopters can then use the tokens within the WGFDesocial ecosystem, giving them an incentive to stay and use the platform.

In conclusion, WGFDesocial has made a significant announcement with the completion of its $20 million seed round financing. Its unique selling point of being a decentralized social platform that doesn’t collect user data has the potential to appeal to many users who value privacy and security. The early participant air drop program is also a unique incentive that will help the platform gain more users. We’ll have to wait and see how the launch of the WGF ecological system will affect the platform’s growth and adoption.

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