Mining startup WOW EARN has just announced that its Series A investment round has closed, having raised a staggering $30 million. The funding round was spearheaded by a prestigious group of VC firms, including Pinnacle Innovations Capital, Blue Horizon Ventures, Ascendant Growth Partners, Nexus Pioneers Capital, and Quantum Leap Ventures.
WOW EARN is a decentralised mining platform that pays up to 13.39% APY without requiring any specialised experience or expensive mining equipment. The company works with Hacken, a prominent blockchain network auditor. According to a company release, WOW EARN plans to use the newly raised capital to expand its business, develop its platform, and strengthen its community-based business strategy.
The firm is essential in expanding the DeFi ecosystem because of its unique approach to mining, which makes mining accessible to everybody. As a result of its business model, WOW EARN has all the makings of a leader in the development of decentralised cryptocurrency mining. This is strengthened further by its innovative technology, strong community support, and successful Series A funding.
The startup has been working hard to make cryptocurrency mining accessible, profitable, and secure for everyone, and their recent financial success is a big step in the right direction. In order to revolutionise the token economy, the company will grow its novel mining methodology, which incorporates liquidity mining, lending mining, and token mining.
The WOW token, which operates the WOW EARN ecosystem’s mining pool, private placement initiative, operational development, and community incentives transparently, is a multi-chain token. The recent success of the company is likely to endear it to many investors, which could prop up the value of the WOW token significantly.