Curated News
By: NewsRamp Editorial Staff
April 15, 2024
HTX Ventures Invests in COREx to Revolutionize DeFi Space
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- COREx, the DEX backed by CoreDAO, is set to transform its domain by integrating social networking with AI-powered tools, signaling a new phase in the DeFi space.
- CoreDAO, designed as BTCFi, is an EVM-compatible Layer 1 public blockchain built on the Geth codebase, integrating Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to achieve scalability, security, and autonomy.
- COREx offers a dynamic ecosystem supporting trading and community empowerment with innovative tools to improve user experience and enhance decentralized networks for value creation.
- COREx is currently in its testnet phase and plans to launch free-mint NFTs as rewards for its community.
Impact - Why it Matters
The strategic investment in COREx by HTX Ventures signals a new phase in the DeFi space, with the platform set to offer substantial value to all stakeholders. The advanced tools and seamless user experience provided by COREx will not only extend the appeal of Web3 to new users but also set a sustainable growth trajectory for DeFi participants, ultimately enhancing the accessibility and impact of Web3 technologies.
Summary
HTX Ventures has made a strategic investment in COREx, a DEX platform backed by CoreDAO, set to revolutionize the DeFi space. COREx offers an intuitive interface, advanced transaction options, and comprehensive community engagement tools. The platform plans to launch free-mint NFTs as rewards for its community and is well-positioned to accelerate its technological developments. HTX Ventures' Managing Partner highlighted the strategic value of COREx in the evolving Web3 framework, while COREx's Co-founder and CTO emphasized its potential to transform the DeFi sector.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, HTX Ventures Invests in COREx to Revolutionize DeFi Space
