Narwhal Finance Completes $1 Million Financing with Animoca Ventures and Hailstone Ventures

03/24/2023 13:27 • Digital Disruptors • 91 views

It is reported that Narwhal Finance, a sustainable contract platform based on BNB Chain and Arbitrum, completed a US $1 million financing, with Animoca Ventures leading the investment, and participants including Hailstone Ventures. Narwhal Finance allows users to trade perpetual contracts including cryptocurrencies, foreign currencies, indices, and stocks, with a leverage ratio of up to 1000 times. In addition, the platform also provides documentary trading functions.

The sustainable contract platform Narwhal Finance completed a $1 million financing

Introduction

Narwhal Finance, a sustainable contract platform based on BNB Chain and Arbitrum, has recently announced that it has completed a US $1 million financing round. The investment was led by Animoca Ventures, and other participants included Hailstone Ventures. The platform provides users with the ability to trade perpetual contracts, including cryptocurrencies, foreign currencies, indices, and stocks. Narwhal Finance sets itself apart by offering a leverage ratio of up to 1000 times and an efficient trading interface.

Overview of Narwhal Finance

Narwhal Finance is a contract trading platform that is built to be efficient and responsive. It operates on the BNB Chain and Arbitrum, offering users quick and secure trading experiences. The platform’s design allows for both professional and beginner traders to feel comfortable using the platform. It also provides users with the option of utilizing trading bots, which can execute orders autonomously.

Narwhal Finance’s Financing

Animoca Ventures led the US $1 million financing round, which included participants like Hailstone Ventures. This investment money will be used to expand the platform’s offerings and further advance Narwhal Finance’s technology. The financing round was a successful milestone for the platform and signals investors’ belief in Narwhal Finance’s potential.

Perpetual Contracts and Leveraging

Narwhal Finance’s unique aspect is perpetual contracts, which are contracts that run perpetually and do not have an expiration date. These contracts allow traders to bet on the value change of an asset without having to own the asset itself. Narwhal Finance provides perpetual contracts for a variety of asset classes, including cryptocurrencies, indices, foreign currencies and stocks.
In addition, Narwhal Finance offers a leverage ratio of up to 1000 times. This allows users to put up a smaller portion of the total trade value while experiencing returns proportional to the full value of the trade. However, trading on leverage comes with increased risks, so it is important to have a solid understanding of the risks involved before using leverage.

Document Trading Functions

Narwhal Finance also provides a documentation trading feature, which allows users to trade contract positions before actually owning the assets. Documentation trading is designed to help users manage risk and create more flexible trading strategies. This feature significantly reduces transaction costs and allows users to manage their portfolios in a more efficient way.

Conclusion

Narwhal Finance’s recent financing round achieved a significant milestone for the platform. With Animoca Ventures leading the investment, it has continued to attract investors, including Hailstone Ventures. By offering perpetual contracts, leveraging and documentation trading, Narwhal Finance provides traders with an efficient, reliable and convenient trading platform. Its flexibility and ease of use make it an attractive option for traders of all levels.

FAQs

**Q: What is a perpetual contract?**
A: A perpetual contract is a contract that runs infinitely and that does not have an expiration date.
**Q: What is leverage trading?**
A: Leverage trading is a trading technique that involves borrowing money to invest in assets, thereby amplifying potential returns.
**Q: What are the risks in using leverage trading?**
A: Leverage trading involves amplified potential returns, but there are also increased risks. It is essential to have a solid understanding of the risks involved before using leverage.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/24/narwhal-finance-completes-1-million-financing-with-animoca-ventures-and-hailstone-ventures/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.