Cryptocurrency Trading Platform LazyBear Raises $4 Million in A Round Of Strategic Financing
A cryptocurrency trading platform, known as LazyBear has been able to use intelligent and creative strategies to raise funds. Recently, it had a round of financing, in which case it was able to successfully raise about $4 million.
There were many notable investors in this round of strategic financing. Some of the investors involved were: Bees Network, there was the Salad Labs, Gogeko Labs, REI network, and the Shadow Labs.
The funds raised from this round of financing will perhaps help LazyBear to take care of important activities to grow its platform, and advance its trading system. The fact that there were lots of notable investors shows that there's confidence in LazyBear.
But the information given about how LazyBear intends to utilize the funds raised is limited. And the terms and conditions upon which the investors agreed to participate, wasn't made public. There aren't clear predictions on how the funds raised will affect the growth and expansion of LazyBear, and the cryptocurrency trading in general.
The issue I have with these types of money been raised is the fact that most of the time it is not used wisely for good things
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