Strategic Capital and Important Investors
In a strategic funding round, DuckChain, a layer-2 blockchain solution that improves the TONNE blockchain, has raised $5 million. Leading investors, such as dao5, Offchain Labs, Kenetic Capital, and DWF Ventures, spearheaded the fundraising. Presto, Gate.io, GeekCartel, Oak Grove Ventures, and Skyland Ventures were among the other investors in this round.
Reasons for Funding
Enhancing TON’s scalability, attracting users from other blockchain ecosystems, and improving Ethereum Virtual Machine (EVM) compatibility are the goals of the recently obtained money. In order to fortify its expanding ecosystem, DuckChain is also collaborating with Arbitrum, OKX Wallet, and OnePieceLab.
Hackathon for Yellow Duck Mission
DuckChain is hosting the Yellow Duck Mission Hackathon from December 15, 2024, to January 15, 2025, as part of its dedication to fostering innovation. With a sizeable $1 million prize pool in DuckChain Tokens, developers are invited to create decentralised applications (dApps) across multiple tracks.
Distribution of Prizes:
The winners will get $500,000.
Two hundred thousand dollars will be distributed among creative initiatives.
Community-based projects will receive $50,000.
Beginning on December 15, developers can use the DuckChain Hackathon Portal to submit their entries.
DuckChain’s Special Offer
A cutting-edge blockchain technology that offers safe and scalable solutions for a variety of sectors is DuckChain. With increased transparency, improved security, and quicker transactions, DuckChain is establishing itself as a pioneer in the blockchain space.
Price and Market Trends for DuckChain
In the cryptocurrency market, DuckChain’s native token, $DUCK, has seen significant growth. Technology developments, industry trends, and adoption rates are some of the factors affecting its cost. Because of its low transaction fees and scalability, experts forecast favourable growth for $DUCK.
DuckChain Airdrop: A Growth Strategy
DuckChain has distributed free $DUCK tokens to users through a series of airdrops in an effort to increase adoption. These occasions raise demand for the token in addition to raising awareness. After an airdrop, token prices frequently increase, giving users more value and encouraging ecosystem participation.
$DUCK Coin’s Function in the Ecosystem
The native cryptocurrency on the DuckChain platform is called $DUCK. In sectors including finance, logistics, and supply chain management, it enables safe operations, supports decentralised apps (dApps), and streamlines transactions. $DUCK is anticipated to become more widely used across industries as it continues to increase in popularity.
DuckChain Wallet: Safe Asset Administration
Users can save, send, and receive $DUCK tokens with ease and security using the DuckChain Wallet. Its user-friendly interface ensures smooth engagement within the DuckChain ecosystem, catering to both novice and seasoned cryptocurrency users.
OKX MiniApp: Increasing Access on the Go
By integrating the platform with the OKX exchange, the DuckChain OKX MiniApp gives mobile users access to services including decentralised apps, portfolio management, and real-time price tracking. This partnership increases DuckChain’s exposure and expands its user base.
The Increasing Attraction of DuckChain to Male Investors
Male investors have shown a great deal of interest in DuckChain, particularly those who are interested in its potential uses in the supply chain, logistics, and e-commerce industries. Early adopters of blockchain technology favour it because of its useful answers to real-world problems.
Dynamics of the $DUCK Token Market
Market factors, adoption rates, and supply and demand dynamics all affect the value of $DUCK tokens. Investors can monitor price movements and make well-informed selections with the aid of tools like community updates and market analysis platforms.
Limited Total Supply: A Major Factor Influencing the Market
The limited quantity of $DUCK tokens on DuckChain creates a sense of scarcity that affects the token’s market value. Users and investors who want to evaluate the token’s long-term viability must comprehend the supply dynamics.
Prospects for DuckChain’s Future
As a scalable, safe, and cutting-edge blockchain platform, DuckChain is gradually establishing a reputation. It stands out in the blockchain market thanks to its affordable fees, strong infrastructure, and wide range of applications. DuckChain’s impact across industries is expected to grow dramatically as usage rises.
DuckChain is poised to continue to be a blockchain platform to watch in the years to come by fusing cutting-edge technology with clever partnerships.
