Wandx to Release Put Options on Testnet

Wandx platform has announced that the release of the Erc20 token put options on testnet is scheduled to March 25
17 March 2018   643

Wandx protocol enables seamless creation and trade of any ERC20 Token or ERC20 Token baskets, and its application on the Ethereum main network enables decentralised trade of ERC20 token products. We have recently reported that WandX is releasing put options front-end for their decentralized token creation and exchange platform, which should provide a comprehensive frontend environment for users to create and trade their ERC20-based tokens through put options.

Currently Wandx is focusing on marketing and product development, and as soon as the development of put options implementation is on the forefront of Wandx production, we should remind our readers that put option is the opposite of a call option, which gives the holder the right to buy shares. Put option is an option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying security at a specified price within a specified time.

As for Wandx platform, it has announced that the release of the Erc20 token put options on testnet is scheduled to March 25. Wandx is surely doing its best to let users create and trade a basket of ERC20 Tokens with a single transaction, and create token themes such as decentralized identity or decentralized exchange, and much more functionality.

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Pantera Capital to Intend to Raise $175M for Crypto Fund

Whether the firm can achieve its funding goal is still unclear
16 August 2018   192

Pantera Capital intends to raise up to $ 175 million for its third venture fund, focused on the blockchain and cryptocurrencies, which marks significant progress against the background of the company's other two funds: the assets of the first of them are $ 13 million, the second - $ 25 million. This is reported by TechCrunch.

As reported, company's partner Paul Veradittakit says the target amount is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible and able to move with the market.”

Whether the firm can achieve its funding goal is still unclear. According to documents recently sent to the US Securities and Exchange Commission (SEC), it has already managed to raise more than $ 71 million with the participation of 90 investors. Veradittakit calls this event "the closing of the first transaction".

One of the company's new funds, which opened last year, has a hedge fund structure and focuses exclusively on the ICO. The founder of the company Dan Morehead said earlier that Pantera takes part in the first stages of such campaigns, "basically getting a discount to the ICO price by getting in early, when it’s just a team and a white paper."

The second fund of the company is engaged in investing in bitcoin and has managed to serve a large number of investors during its existence. According to Morhed's calculations, the fund, launched 5 years ago, demonstrated a return of 10 136%.

The last fund Pantera invests in cryptocurrencies, which are already traded on the exchanges. It uses machine learning for algorithmic investment and takes into account the views of the company's management when making investment decisions.