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Fibonacci Chain received 10 Million USD investment from American SoftBank Capital

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American Softbank Capital, a leading venture capital firm, recently announced that it would lead the investment of 10 million dollars in the Fibonacci Chain. 

American SoftBank Capital is an American investment bank registered and established in Nevada, United States. The main business of SoftBank Capital Group is to invest in technology projects, provide listing services for major securities exchanges on Wall Street, raise funds for the American capital market, and provide uplisting services for stocks on the OTC securities market in the United States.

The Fibonacci Chain is a public chain system based on blockchain technology, adopting a DPOS + S-BFT consensus mechanism, aiming to provide an efficient, secure, and scalable public chain platform. The Fibonacci consensus mechanism is a novel consensus algorithm that can achieve high throughput while ensuring security. It balances efficiency and security and provides developers with an open platform to build and deploy various services and applications.

The Fibonacci Chain supports smart contracts and is compatible with EVM, allowing developers to develop decentralized applications (DApps) on it. This allows users to securely trade and store data without relying on central institutions. These decentralized applications can cover a wide range of fields including finance, ACGN, games, advertising, and marketing.

Flyswap is the first decentralized exchange on the Fibonacci Chain, using blockchain technology to secure users’ digital assets. Compared to other centralized exchanges, Flyswap has the following advantages: Low latency: With the high transaction speed of the Fibonacci Chain, FlySwap can complete transactions in a short amount of time. Low cost: FlySwap charges lower transaction fees, making it an economically efficient exchange platform. User-friendly: FlySwap has a simple and easy-to-use user interface that requires no technical knowledge. Public and transparent: Due to the public and transparent nature of blockchain, users can easily view transaction records.

The investment made by American SoftBank Capital in Fibonacci Chain indicates a highly optimistic outlook for the application of blockchain technology. This investment will provide financial support for Fibonacci Chain, helping it make greater progress in technology research and development and market promotion.

The Fibonacci Chain ecosystem is built around the Fibonacci Chain mainnet, which is a decentralized open-source blockchain platform. The mainnet is driven by a native token called Fibo, which serves as the primary means of exchange within the ecosystem. It is reported that Fibonacci Chain native token is planned to enter several leading exchanges such as Huobi in 2023.

https://twitter.com/FIBOGlobal/status/1623928666056183809

Disclaimer: This is a paid post and should not be treated as news/advice.  

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With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.
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