Eximchain is a blockchain startup that was founded in 2015 with a strong focus on revolutionizing the supply chain industry. The company has successfully raised $20 million from a group of prominent investors, signaling growing confidence in its vision and technology.
The startup originated at the Massachusetts Institute of Technology (MIT) Media Lab, where it initially developed its blockchain platform. This innovative system is built on private smart contracts and aims to provide supply chain stakeholders with tailored solutions for recording, trading, and distributing data securely and efficiently.
The latest funding round was led by FBG Capital, one of China's most respected cryptocurrency hedge funds. Additional participants included INBlockchain, which has established itself as a key player in the blockchain space, and KineTIc Capital, a Hong Kong-based investment firm. These strategic partners have helped strengthen Eximchain’s position in the market.
Currently, Eximchain is preparing for its token airdrop, which will distribute approximately 1.5 million ERC-20 based EXC tokens to verified participants. Once the mainnet is launched, these tokens can be converted into local tokens on Eximchain’s own blockchain, offering greater flexibility and utility for users.
Hope Liu, co-founder and CEO of Eximchain, emphasized the importance of real-world applications: “After testing on Ethereum or private blockchains, businesses are now seeking ready-to-deploy solutions that can address actual supply chain challenges. Blockchain holds immense potential to transform how supply chains operate, and we’re excited about the impact Eximchain will make in this space.â€
This recent fundraising round has positioned Eximchain as one of the latest companies to embrace the airdrop model. Rather than holding traditional token sales, which are often complicated by regulatory uncertainties, the company is choosing to distribute tokens freely to interested parties. This approach not only increases community engagement but also aligns with the evolving landscape of blockchain adoption.
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