TON Blockchain's First Lending Protocol, Evaa, Raises $410,000 in Pre-Seed Round, Eyes Telegram Integration
TON Blockchain's First Lending Protocol, Evaa, Raises $410,000 in Pre-Seed Round, Eyes Telegram Integration
Evaa, the pioneering lending protocol on the TON blockchain, during the summer has successfully raised $410,000 in its pre-seed funding round and is set to leverage its integration with Telegram.
Evaa has gained recognition within the TON ecosystem, emerging as a finalist at DoraHacks, being incubated by TONStarter and granted by TON Foundation. The startup's primary vision is to deliver a lending solution on the TON blockchain, akin to Ethereum's Compound.
Starting with a generous contribution from a major Telegram channel owner boasting over 20 million subscribers, Evaa soon attracted investments from TON COIN FUND and Existential Capital. This momentum continued into the TONStarter Launchpad angel round and concluded with backing from WAGMI Ventures.
The raised capital is earmarked for product enhancement, supporting third-party developer infrastructure, and aggressive marketing campaigns. "Our product is currently in a beta mainnet. We're actively collecting feedback and data from our early adopters after nine months of in-depth development," a team representative shares.
Exclusive access to Evaa's current beta mainnet is reserved for holders of a unique mainnet NFT card. Originally freeminted for dedicated Evaa community members, this card quickly ranked among the top three collections on GetGems, expanding the community from 1,000 to 160,000 members. "It's exciting to not only introduce new utility to TON NFTs but also to rejuvenate the TON NFT market with our unique utility collection," adds the representative.
By integrating with Telegram, one of the most popular messaging apps globally, Evaa positions itself as a leading player in user-friendly crypto services. This move underscores their mission of making crypto accessible to everyone.
With the foundation of TON DeFi 1.0 in place, upcoming Evaa's SDK opens a gateway for developers to devise a myriad of product applications on TON and through Telegram bots. The choice of Telegram Mini Apps exemplifies Evaa's dedication to staying proximate and relevant to its user base.
As the first-ever lending protocol on the TON blockchain, Evaa is addressing key challenges head-on, especially in areas of scaling its user base and attracting liquidity, working hand in hand with its ecosystem partners.
Stay tuned as Evaa gears up for its upcoming seed round.
TON Blockchain's First Lending Protocol, Evaa, Raises $410,000 in Pre-Seed Round, Eyes Telegram Integration
TON Blockchain's First Lending Protocol, Evaa, Raises $410,000 in Pre-Seed Round, Eyes Telegram Integration
Evaa, the pioneering lending protocol on the TON blockchain, during the summer has successfully raised $410,000 in its pre-seed funding round and is set to leverage its integration with Telegram.
Evaa has gained recognition within the TON ecosystem, emerging as a finalist at DoraHacks, being incubated by TONStarter and granted by TON Foundation. The startup's primary vision is to deliver a lending solution on the TON blockchain, akin to Ethereum's Compound.
Starting with a generous contribution from a major Telegram channel owner boasting over 20 million subscribers, Evaa soon attracted investments from TON COIN FUND and Existential Capital. This momentum continued into the TONStarter Launchpad angel round and concluded with backing from WAGMI Ventures.
The raised capital is earmarked for product enhancement, supporting third-party developer infrastructure, and aggressive marketing campaigns. "Our product is currently in a beta mainnet. We're actively collecting feedback and data from our early adopters after nine months of in-depth development," a team representative shares.
Exclusive access to Evaa's current beta mainnet is reserved for holders of a unique mainnet NFT card. Originally freeminted for dedicated Evaa community members, this card quickly ranked among the top three collections on GetGems, expanding the community from 1,000 to 160,000 members. "It's exciting to not only introduce new utility to TON NFTs but also to rejuvenate the TON NFT market with our unique utility collection," adds the representative.
By integrating with Telegram, one of the most popular messaging apps globally, Evaa positions itself as a leading player in user-friendly crypto services. This move underscores their mission of making crypto accessible to everyone.
With the foundation of TON DeFi 1.0 in place, upcoming Evaa's SDK opens a gateway for developers to devise a myriad of product applications on TON and through Telegram bots. The choice of Telegram Mini Apps exemplifies Evaa's dedication to staying proximate and relevant to its user base.
As the first-ever lending protocol on the TON blockchain, Evaa is addressing key challenges head-on, especially in areas of scaling its user base and attracting liquidity, working hand in hand with its ecosystem partners.
Stay tuned as Evaa gears up for its upcoming seed round.