Dharma Labs to Raise $7M in a Financial Round

Dharma Level, product for issuing digital assets backed loans, is in the final stage of testing
06 February 2019   792

Dharma Labs startup, which is developing a decentralized lending platform for cryptocurrency traders and investors, raised $ 7 million in a round of financing, which was led by Green Visor Capital, CoinDesk reported.

The company was also supported by Coinbase Ventures, Polychain Capital, Y Combinator and Passport Capital.

The first product of a startup, Dharma Level, is in the final stage of alpha testing. Its stated goal is to simplify and cheapen the process of obtaining a loan secured by digital assets.

At the same time, Dharma Level operates with smart contracts, so loans are issued without the need for trust between the parties.

Representatives of a startup argue that their product offers more favorable conditions for margin trading in cryptocurrencies than Bitcoin exchanges. Moreover, traders will not need to use third-party extensions, since the Dharma Level interacts directly with the wallet.

Attracted investments, added to the company, will be used to expand the development team.

Coinbase Users May Receive EOS Thru Earn Program

Coinbase Earn program is available to users from 100 countries, it allows to get crypto for performing differnt tasks
03 June 2019   315

Coinbase, the largest US cryptocurrency company, will reward users with EOS tokens for studying educational materials about the EOSIO protocol on the Coinbase Earn platform.

Earn. com appeared in October 2017 as a result of the rebranding of 21 Inc and the launch of the platform of the same name, which allows users to get a bitcoin reward for performing various tasks, such as reading and answering emails.

In the spring of 2018, Coinbase acquired a startup supposedly for $ 120 million. Now the Coinbase Earn program is available to users from 100 countries, and the company intends to pay users more than $ 100 million in cryptocurrency.

In addition to EOS, the service currently supports XLM, ZEC, BAT and ZRX.