Eximchain is a blockchain startup that was established in 2015 with a focus on transforming supply chain management. The company has successfully raised $20 million from a group of prominent investors, marking a significant milestone in its journey to revolutionize the industry.
Founded at the Massachusetts Institute of Technology (MIT) Media Lab, Eximchain has been developing its own blockchain platform, powered by private smart contracts. This technology enables supply chain participants to securely record, trade, and distribute data, offering tailored solutions for different stakeholders across the supply chain ecosystem.
The latest funding round was led by FBG Capital, one of China’s most respected cryptocurrency hedge funds. Additional backers include INBlockchain, a well-known blockchain venture capital firm, as well as KineTIc Capital, a Hong Kong-based investment company with a strong interest in emerging technologies.
As part of its growth strategy, Eximchain is now preparing for a token airdrop, which will see approximately 1.5 million ERC-20 based EXC tokens distributed to verified participants. Once the mainnet of Eximchain’s blockchain is launched, these tokens can be converted into local tokens within the platform, enhancing their utility and value.
Hope Liu, co-founder and CEO of Eximchain, emphasized the importance of practical blockchain solutions for real-world applications. “After testing concepts on Ethereum or private blockchains, the business community is seeking immediate technological solutions to address real supply chain challenges,†she said. “Blockchain holds tremendous potential to drive innovation and efficiency in supply chains, and we are excited about the progress Eximchain is making in this space.â€
This funding round has also positioned Eximchain as a rising star in the world of token airdrops. By distributing tokens directly to interested parties, the company avoids the complexities and uncertainties of traditional token sales, aligning itself with the evolving regulatory landscape while building a loyal user base.
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