Automata Network Raises $2.4M And Launches Its Native Token On Binance Launchpool
ATA (Automata Network) has recently focused its efforts towards constructing a privacy infrastructure that is decentralized in nature for dApps (decentralized applications). The token is scheduled to go live on Binance following the success of a recent round of continued funding.
ATA has thus shared several details regarding the strategic round of funding. The progress has been supported via the best venture capitalists in the industry, and the token has been reportedly implemented into the list of assets for Binance.
$2.4 million raised
The ATA team had announced that the funding round was a resounding success, and an overall amount of $2,400,000 had been raised thanks to blockchain and cryptocurrency investing veterans. The round itself had been partly led via KR1, IOSG Ventures, and Jump Trading. The co-founder and managing director of KR1, Keld van Schreven, highlighted the significance of what ATA had managed to accomplish as part of its contribution to the decentralized economy and its continued progress.
It had become abundantly clear that Automata possessed both the ability as well as the visionary insight to execute its plans to near perfection. This was mainly due to consistent partnerships being formed as well as ground-breaking technical progress being made for some of the industry’s most promising as well as active and viable projects.
Moreover, ATA had additionally released plenty of governance and privacy tools for both Polkadot (DOT) as well as Ethereum (ETH) networks. Conveyor and Witness remain the flagship products that had been successfully utilized by the various blockchain companies, which included the likes of Clover Finance and Plasm. Also, the project has been incubated thanks to the latest version of the Berkeley Blockchain Xcelerator and had also received many grants via the Web3 Foundation.
ATA listed on Binance
ATA has already been added to Binance Launchpool, but the ATA token itself is scheduled to launch on Binance for trading purposes from the 7th of June, 2021. The trading will be done via the ATA/BNB pair, and users can additionally gain all kinds of rewards thanks to ATA farming right now via Binance Launchpool by staking DOT, BNB and BUSD. As of right now, DOT is trading at $27.85, which is a 14.2% increase since yesterday, BNB is trading at $425.02, which is a 10.3% increase since yesterday, and BUSD remains stable at $1.
The Automata Network’s co-founder, Deli Gong, has considered the listing of the ATA token on Binance to be a huge step in the right direction and an opportunity to increase ATA’s popularity, liquidity and mainstream usage.
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