Connect with us

Press Release

Brine Fi hits $100m valuation with $16.5m round as it launches top ranking decentralised exchange

Published

on

–News Direct–

Centralised Exchanges (CEXs) that trade crypto currencies have been under fire ever since the FTX fall out. This led to a surge in interest for Decentralised Exchanges (DEXs) for traders seeking some safeguards for their portfolios. Yet these DEXs remain cumbersome for users to execute trades and manage profitability. Innovating the decentralised finance space, Brine Fi is today announcing a $16.5m series A funding round having launched its orderbook platform just weeks ago that is already running monthly volumes of $300m, becoming the top ranked DEX globally.

Brine Fi Founders: (L to R) Shaaran Lakshminarayanan(CEO), Ritumbhara Bhatnagar(CDO) and Bhavesh Praveen(CTO).
Brine Fi Founders: (L to R) Shaaran Lakshminarayanan(CEO), Ritumbhara Bhatnagar(CDO) and Bhavesh Praveen(CTO).

The funding round was led by Pantera Capital with participation from Elevation Capital, Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund Ventures and angel investors.

Brine Fi is an orderbook spot DEX and has set out to address the shortcomings being faced by crypto traders when trading. A DEX allows users to trade on-chain i.e. traders can get their orders executed on the blockchain and hold full custody of their assets with them while placing these trades. While they are the safest way to trade, many traders opted for a CEX to counter higher trading fees on DEXs, price slippage, transaction fees ($5-25 per transaction), liquidity issues, the absence of an orderbook, transaction delays and an inability to provide privacy on orders causing frontrunning attacks. These issues can impact profit margins and substantially increase the uncertainty of specific trades.

The wide view: Brine Fi trading screen
The wide view: Brine Fi trading screen

The crypto market is known best for its volatility which creates opportunities for traders but all too often the trading engines of DEX cant keep up and fail to execute orders instantaneously, which leads to price slippage. Brine Fi is able to execute orders in milliseconds while remaining fully non-custodial and this feature has helped them onboard some of the largest hedge-funds, exchanges and high frequency traders in the world by helping them diversify their asset allocation and mitigate counterparty risks.

Brine Fi also solves another common issue prevailing in DEXs called frontrunning, wherein a user places an order of a huge value on a DEX, it becomes public to everyone and this information can be used by anyone by getting their order executed first at a better price, which might lead to the previous order not being executed. To tackle this issue, Brine Fi makes use of zkP (Zero Knowledge Proofs) technology, powered by StarkWare, which enables privacy on trading positions, so that traders can get their high volume orders executed with ease. Moreover, users can trade gasless and pay a trading fee as small as 0.05%. Users can also claim up to 50% of their referrals trading fee as a rebate on Brine Fi. Moreover with the launch of Brine Fis Trading Leaderboard, top traders can now claim USDC rewards every month.

Shaaran Lakshminarayanan, co-founder and CEO at Brine Fi commented: Having built one of the largest crypto exchange previously, we have had to diversify users assets constantly in multiple exchanges and venues to reduce asset loss risk due to troubled exchanges/parties, with Brine Fi we make it easy for institutions, centralised exchanges, HFT traders and retail users to reduce their counterparty risk and at the same time get the best price for their orders in the industry.

The Brine Fi team includes former execs from CoinBase, PayPal, Venmo, Flipkart, Harvard, and MIT and are on a mission to deliver the best DEX experience possible to traders and institutions alike. Brine Fi was founded by university friends Bhavesh Praveen, Ritumbhara Bhatnagar and Shaaran Lakshminarayanan.

On-the-go: Brine Fi app exeperience
On-the-go: Brine Fi app exeperience

Paul Veradittakit, Managing Partner at Pantera Capital commented: Brine tackles some of the most important challenges holding back institutional and mainstream user adoption in DeFi. There's an urgent demand for a self-custodial execution layer that is faster, more reliable, user-friendly, and cost-effective.

Vaas Bhaskar, Principal at Elevation Capital commented: We have seen Shaaran and team since Day One at Brine. The team brings together a unique blend of understanding both, complex technologies and evolving user needs. We are are excited to continue to invest in Brine, in their mission of abstracting complexities of blockchain technology and making it more accessible to end users and institutions

About Brine Fi

Brine.Fi is the worlds leading decentralised exchange for institutions and high frequency traders. Presently ranked as one of the top 10 decentralised exchanges in the world by trading volume backed by Pantera Capital, Elevation Capital, Starkware Ltd, Spartan Group, Goodwater Capital, Upsparks Ventures, Protofund and Marquee angel investors.

About Pantera Capital

Pantera Capital is the first institutional investment firm focused exclusively on bitcoin, other digital currencies, and companies in the blockchain tech ecosystem. Pantera launched the first cryptocurrency fund in the United States when bitcoin was at $65/BTC in 2013. The firm subsequently launched the first exclusively-blockchain venture fund. In 2017, Pantera was the first firm to offer an early-stage token fund. Pantera Bitcoin Fund has returned over 32,000% in nine years and has returned billions to its investors. Pantera manages $4.7bn across three strategies passive, hedge, and venture.

About Elevation Capital

Elevation Capital is a leading venture capital firm that provides seed and early-stage capital for emerging companies. Elevation Capital has deployed almost $2 billion of capital in over 150 companies. The firm announced its eighth pool of capital of $670 million in April 2022. The firm is led by Co-Managing Partners Ravi Adusumalli and Mukul Arora, along with Partners Mridul Arora and Mayank Khanduja. The firm has invested in over 150 companies across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech and Web3/Crypto and has offices in Bengaluru, Gurgaon and Salt Lake City.

Contact Details

Brine Fi

Bilal Mahmood

+44 7714 007257

b.mahmood@stockwoodstrategy.com

Company Website

https://www.brine.fi/

View source version on newsdirect.com: https://newsdirect.com/news/brine-fi-hits-100m-valuation-with-16-5m-round-as-it-launches-top-ranking-decentralised-exchange-550348116

Brine Fi

comtex tracking

COMTEX_439700441/2655/2023-09-07T10:29:32

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Menage Parfait Services Launches Revolutionary New Website to Tackle Growing Cleaning Demands Across Paris

Published

on

Ménage Parfait Services has launched a new, user-friendly website to meet the growing demand for cleaning services in Paris. The site offers real-time booking, making it easier for clients to access premium cleaning solutions.

France, 4th Oct 2024, Grand Newswire – Ménage Parfait Services, the trusted name in home and office cleaning solutions, is thrilled to announce the launch of their sleek, user-friendly website, menageparfait.fr. With cleaning demands skyrocketing in the bustling city of Paris, the new platform promises to bring convenience, clarity, and cutting-edge services right to your fingertips.

As more residents and businesses prioritize cleanliness and hygiene, Ménage Parfait Services has stepped up to meet the growing needs with this modernized digital platform. Customers can now access a treasure trove of cleaning insights, get personalized quotes, and book services with just a few clicks—making professional cleaning more accessible than ever.

Key Features of the New Ménage Parfait Services Website:

  • Tailored Cleaning Guides
    Customers can explore a wide range of services, from residential cleaning to post-move clean-ups, and discover in-depth articles about keeping their spaces spotless.
  • Real-Time Booking System
    A seamless booking process allows users to schedule emergency or routine cleaning services 24/7, ensuring that help is always available.
  • Client Reviews
    Honest feedback from satisfied clients showcases the reliability and exceptional results that Ménage Parfait Services consistently delivers.
  • Project Showcases
    Inspiring before-and-after galleries reveal how the team’s expertise transforms homes, offices, and commercial spaces into immaculate environments.

Grace ntsiba, CEO of Ménage Parfait Services, shared his excitement about the new website:

“Our goal is to provide Parisian residents including many english speaking expats and businesses with an easy, intuitive way to access premium cleaning services. With our new website, we’re making it possible for clients who speak english to explore our offerings, book services, and gain peace of mind knowing their spaces are in expert hands.”

Operating in Paris and its surroundings, Ménage Parfait Services has garnered a reputation for professionalism, punctuality, and results-driven cleaning solutions. With over 10 years of experience, they continue to set the standard in the industry, and the new website marks a significant milestone in their commitment to customer satisfaction.

Media Contact

Organization: Menage Parfait Services

Contact
Person:
Grace ntsiba

Website:

https://menageparfait.fr/

Email:

support@menageparfait.fr

Address:12 avenue de charlebourg

City: La Garenne-colombes

Country:France

The post Menage Parfait Services Launches Revolutionary New Website to Tackle Growing Cleaning Demands Across Paris appeared first on
Grand Newswire.
It is provided by a third-party content
provider. Grand Newswire makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Reflection Ai – The Convergence Of The Future

Published

on

The Convergence of the Future: The Rise of Reflection AI Amid the AI and Blockchain Investment Boom of 2023-2024

Singapore, 6th Oct 2024 – Introduction: 

In 2023 and 2024, the investment landscape for AI and blockchain technologies has seen unprecedented growth. As a pioneering force in the emerging AI blockchain ecosystem, Reflection AI is poised to capitalize on this momentum, showcasing immense potential and unique market advantages.

I. Current State of AI and Blockchain Investments in 2023-2024

Reflection AI is leading the charge in the development of decentralized AI platforms, which facilitate secure AI model transactions while enhancing data privacy and decentralized governance capabilities through blockchain technology. This reflects a keen insight into future technology trends and a long-term confidence in the deep integration of AI and blockchain technologies.

II. Market Advantages and Technological Prospects of Reflection AI

Reflection AI demonstrates unique advantages in technological innovation and market positioning, particularly in the realm of decentralized AI model collaboration and trading platforms.

Decentralized AI Model Marketplace: Breaking Traditional Barriers
The core advantage of the Reflection AI platform lies in its decentralized AI model marketplace. This platform breaks the centralized barriers of traditional AI model trading markets, allowing developers and users to share, acquire, and trade AI models directly. By leveraging blockchain technology, Reflection AI ensures transaction security and guarantees user data privacy, which is crucial in the current AI market.

Multi-functional Ecosystem: Expanding Market Boundaries
Reflection AI is more than just a trading platform; it’s a multi-functional ecosystem that integrates a decentralized identity (DID) task platform, a Mini App Store, and AI-driven decentralized organizations. This diverse design not only meets the needs of AI model trading but also enhances user engagement through rich interactions, forming a vibrant decentralized community.

Strategic Integration with the TON Ecosystem: A New Engine for Global Expansion
Reflection AI’s integration with the Telegram Open Network (TON) allows it to leverage TON’s blockchain infrastructure and massive user base, providing secure and convenient AI model trading services worldwide. This strategic move positions Reflection AI to capture a significant portion of the rapidly expanding global blockchain technology market.

Decentralized Governance and Community-Driven: Pioneering the Future DAO Model
Reflection AI achieves decentralized governance through its AI-driven decentralized organization (DAO). This democratic governance model encourages collaboration and innovation among developers, ensuring that the platform remains at the forefront of industry evolution.

III. Future Potential and Market Prospects of Reflection AI

As the demand for AI and blockchain technologies rises, Reflection AI is well-positioned to thrive in this rapidly expanding market. The platform’s unique technological positioning and market advantages allow it to capture a significant share in the decentralized AI model trading landscape.

Market Potential for Decentralized AI Model Trading
With a projected compound annual growth rate (CAGR) of 36.6% in the global AI market from 2024 to 2030, Reflection AI is poised to take a leading role in this growth, particularly in ensuring data privacy and user data sovereignty.

Breaking Industry Barriers and Creating a New Era of Decentralization
Reflection AI breaks the centralized barriers of traditional AI platforms and opens up new possibilities for blockchain applications in the AI sector. Through decentralized model trading and strong technical support, Reflection AI provides an unprecedented platform for collaboration and innovation.

IV. Conclusion and Outlook

The integration of AI and blockchain is a present reality, and Reflection AI has rapidly ascended to prominence with its unique advantages in decentralized AI model collaboration and trading. The platform’s strategic integration with the TON ecosystem, combined with its decentralized governance model and multi-functional ecosystem, ensures that Reflection AI remains at the forefront of a rapidly changing market.

As the demand for decentralized AI solutions continues to soar, Reflection AI is not only establishing itself in existing blockchain and AI markets but also positioning itself as a leader in industry transformation. Decentralization, data sovereignty, security, and global expansion will be the four pillars supporting Reflection AI’s continued development, solidifying its leadership in the global market and fostering the growth of the entire decentralized AI industry.

The future technological revolution relies on the organic integration and collaborative innovation of different technologies. Reflection AI exemplifies this by providing a new decentralized AI collaboration and trading platform for global users, setting new standards for the industry. As more developers, users, and institutions join this vibrant ecosystem, Reflection AI is set to become a core driver of the next technological revolution, leading the world toward a more decentralized and innovative future.

Website: Reflection AI
X: @reflectionai_
Telegram: Reflection AI Telegram
Medium: Reflection AI Medium

 

 

Media Contact

Organization: REFLECTIONAI PTE. LTD

Contact Person: Min

Website: https://reflectionai.app/

Email: Send Email

Country: Singapore

Release Id: 06102416998

The post Reflection Ai – The Convergence Of The Future appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

Grown Gem Launches Global Online Store for IGI Certified Lab Diamond Jewelry

Published

on

Ethical, affordable, and luxurious jewelry available worldwide starting October 1st.

 

United States, 5th Oct 2024 – Grown Gem, a prominent name in the diamond jewelry industry, is excited to announce the launch of its global online store. Starting October 1st, customers worldwide will be able to access Grown Gem’s high-quality, IGI-certified lab-grown diamonds at competitive prices. The company aims to bring affordable luxury to the masses without compromising on quality or ethics.

Grown Gem specializes in offering ethically sourced, conflict-free lab-grown diamonds, setting a new standard for modern jewelry shopping. With a focus on quality, transparency, and sustainability, the company is changing the way customers approach luxury by providing an ethical alternative to natural diamonds, all without the high price tags associated with major retailers.

A New Era of Diamond Shopping

Lab-grown diamonds, often seen as a revolutionary alternative to mined diamonds, possess the same physical and chemical properties as their natural counterparts. Grown Gem’s decision to take its operations online stems from the belief that everyone should have access to premium jewelry, regardless of geographical location. The company’s founder, Michelle, shares her personal journey of embracing lab-grown diamonds:

“When I first heard about lab-grown diamonds, I was against the idea because I was raised to believe that natural diamonds symbolized class and status. However, over the years, the price of natural diamonds became so high that they were difficult to afford. Eventually, I started learning more about lab-grown diamonds and discovered that they possess the same qualities and DNA as natural ones. With lab-grown diamonds, I can choose the cut, clarity, and color I want, all at a more affordable price.”

Michelle further highlights the appeal of lab-grown diamonds, commenting:
“You can truly have the diamond of your dreams and actually afford it. Lab-grown diamonds allow you to select the perfect cut, clarity, and color—all without the hefty price tag of natural diamonds.”

Ethical and Elegant Choices for Every Occasion

Grown Gem offers a wide variety of diamond jewelry, each piece designed with precision and care. Every item is ethically sourced and created to meet the highest industry standards. The collection includes:

  • Engagement Rings: Lab-grown diamonds, graded for excellence, ensure that every engagement ring is as unique as the love it symbolizes. Customers can customize the cut, clarity, and color to create a ring that reflects their personal style.
  • Diamond Bracelets: Timeless elegance meets modern sustainability in Grown Gem’s bracelet collection. Featuring lab-grown diamonds expertly set in fine metals, these bracelets transition seamlessly from day to night, offering the perfect balance of luxury and ethical craftsmanship.
  • Diamond Earrings: From classic stud earrings to delicate drop designs, Grown Gem’s collection of earrings offers something for every occasion. Each piece is crafted with lab-grown diamonds set in high-quality metals, blending modern style with ethical production.
  • Diamond Necklaces: Whether for daily wear or special occasions, Grown Gem’s necklaces are the epitome of sustainable luxury. From simple pendants to bold statement pieces, customers can enjoy stunning jewelry crafted with lab-grown diamonds, reflecting both elegance and responsibility.

Revolutionizing the Diamond Industry

The diamond industry has traditionally been divided between those who value the rarity and status of natural diamonds and those seeking a more ethical, sustainable alternative. Grown Gem stands firmly in the latter category, offering customers a transparent, eco-friendly option that still provides the same brilliance, durability, and beauty as natural diamonds.

As Michelle puts it, “Ice forms naturally as snow, or it can be crafted in a freezer. Regardless of its origin, both are undeniably genuine ice.” This analogy underscores Grown Gem’s mission to offer authentic diamond products, whether natural or lab-grown, without compromising on quality.

For more information about Grown Gem and to explore the full collection, visit www.growngem.com.

Media Contact

Organization: Grown Gem

Contact Person: Michelle Rosenthal

Website: https://www.growngem.com

Email: Send Email

Country: United States

Release Id: 06102418012

The post Grown Gem Launches Global Online Store for IGI Certified Lab Diamond Jewelry appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST