Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot.Unlike typical crowdfunding rounds, Acala's financing mechanism is a crowdloan, which means it will eventually need to pay back the "crypto … [Read more...] about DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction
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$400M African fertilizer deal executed on blockchain eases COVID-19 slowdown
A state-owned Moroccan fertilizer company has executed a $400 million transaction using blockchain technology, in what it says is a first for intra-African commerce. In a deal facilitated by the Eastern and Southern African Trade and Development Bank, OCP Group sold phosphate fertilizer exports to Ethiopia using blockchain technology, in a deal worth an initial $270 million. … [Read more...] about $400M African fertilizer deal executed on blockchain eases COVID-19 slowdown