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Does attracting investment affect projects?
Each project can attract additional funding for its own purposes or to meet the needs of the project ecosystem.
Most often, funds finance new projects that are just starting to develop.
The largest DEX is built on the $TON blockchain, which has functionality that can compete with many CEX exchanges that have a large audience.
The main essence of all DEX exchanges is to provide fast and cheap transaction processing and have additional features, which is what STON fi is famous for.
Recently, @ston_fi became available to users in the United States through integration with TON WALLET, which entered the US market.
Almost immediately after that, as part of Series A, the STON fi team was able to attract the attention of the largest funds, Coinfund and Ribbit Capital. Thanks to their funding, it was possible to raise $9.5 million for various purposes, for the further development of the project and DEX functionality.
The main areas in which the funding will be used are:
Development and implementation of the limit order function. Thanks to this function, you can set a price that suits you for different tokens and remove it if you change your mind about the tokens.
Development of DAO. This is not the most common feature in the $TON blockchain, or in blockchains in general. Thanks to this feature, users can send tokens for staking, in our case $STON tokens, and then vote on the further development of the main areas of DEX and much more.
Creation of pools that will have concentrated liquidity. This system is not implemented on STON fi . Thanks to its implementation, it will be possible to select the price range in which liquidity will function. This means that it will be possible to make better use of liquidity pool supply, as tokens will be concentrated in a specific range with greater liquidity.
If the price falls outside this range, 2 tokens may become 1, and it will be necessary to choose a new range for liquidity supply.
This seriousness and focus on long-term results defines STON fi as the main catalyst for the development of $TON technology and blockchain.
Cross-chain swaps based on OMNISTON may become available as early as this year.