Alex Secures $5.8 Million in Seed Funding on November 15, 2021
STX
STX
-2.64%
According to industry reports, Alex secured $5.8 million in seed funding on November 15, 2021. The round was led by White Star Capital, venture capital divisions of leading exchanges, CatcherVC, GBIC, and Cultur3 Capital, among others. Following this round, Alex’s cumulative funding reached $18.3 million.Alex is an open-source Bitcoin DeFi platform built on the Stacks blockchain. The platform enables users to issue their own tokens, engage in lending and borrowing at fixed rates and terms with no liquidation risk, access advanced decentralized exchanges, deposit tokens to earn interest, and participate in yield farming for high returns.Since its inception, Alex has experienced rapid growth. After closing its seed round in November 2021, the project officially launched on mainnet in January 2022. Throughout 2023, Alex completed multiple funding rounds and opened trading in April. Notably, the project secured $10 million in strategic financing in March 2024 but suffered a hack in May 2024 resulting in a loss of approximately $3.4 million. Despite these challenges, Alex continues to advance and enhance its product offerings as a key DeFi project within the Bitcoin ecosystem, contributing to the ongoing development and prosperity of Bitcoin DeFi.
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STX fundraising-history
| fundraising-Round | fundraising-amount | fundraising-valuation | fundraising-time | fundraising-investor |
|---|---|---|---|---|
| Seed-Round | fundraising-$M | -- | 2021-11-14 | White Star Capital,OKX Ventures,CatcherVC,GBIC,Cultur3 Capital |
fundraising-key-milestones
- 2024-05-15Alex losed $ 3.40 M in hack
- 2024-03-26Alex raised $ 10 M in strategic financing
- 2023-12-20Alex completed a strategic financing
- 2023-04-17ALEX is live for trading
- 2023-03-14Alex raised $ 2.5 M in funding round
- 2022-01-17Alex is live on mainnet
- 2021-11-15Alex raised $ 5.8 M in Seed round
24hour-high
$0.3798
24hour-volume
$604.47K
alltime-high
$3.86
alltime-low
$0.04559
market-cap--f
99.53%
fdv
$682.84M
24hour-low
$0.3424
market-cap
$679.62M
circulating-s
1.80B STX
total-supply
1.80B STX
max-supply
1.81B STX
market-sentim
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| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
1.05% | 5.54% | 7.68% | 37.47% | 78.16% |
