Flare, the popular blockchain that is aimed at improving data efficiency, announces an integration with Trustswap – a leading launch path, as well as team financing, a token management platform.
Big names in the industry are joining forces
According to a press release shared with Cryptopotato, tThe partnership will set up a new chapter for developers on Flare. They will be able to attract capital, manage token logistics and even reach new communities through the fundraising tools provided by Trustswap.
The first project launched from the Alliance is the Native Decentralized Exchange (DEX) and Defi platform on Flare – Sparkdex. This will be done by his expected SPRK Token Ido (First Dex offer).
SPRK will serve as well as both the board and the utility for it Sparkdex. The decentralized exchange has gained steady growth this year and climbs a total value that was locked at the beginning of May $ 25 million to more than $ 100 million in TVL at the time of writing, according to Defillama data.
Max Luck, the head of the ecosystem at Flare, had the following about the merger:
“We are delighted to bring Trustswap and team financing to the Flare -Ecosystem. By working together with a trusted platform that has successfully supported more than 100 public launches and has collected more than $ 100 million, we give builders and users on flare access to one of the most renowned token lancing infrastructures in web3.”
The Flare Blockchain is a full-stack Layer-1 (L1) solution designed for> well-known portfolio tracker and newsshub for web3.
In addition, liquidity will be provided by the Amplifi Fund, with automated management to support DEX trading volume for future token launches.
