A West Coast Venture capital firm has announced a new fund that will support the Web3 infrastructure. The founder and managing partner has the belief that the industry needs to reform on numerous fronts, including the resolution of security features and a lack of developers committed to creating an infrastructure that is sustainable.
However, there are investors who are also moving towards presale-stage projects that already establish such traits, and one of them is Tradecurve.
The Spread Capital Initiative And The $40 Million Web3 Fund
Dispersion Capital, which is a backer of numerous early-stage ventures based in San Francisco, launched a $40 million fund to support the infrastructure. The firm has already invested in a total of 20 companies, and most of them have received funding since Dispersion's initial investment. The fund wants a transformational moment, such as ChatGPT's for blockchain.
The fund has received backing from both Web2 and Web3 companies, including Alchemy Ventures, HashKey, Cherubic Ventures, Ripple, Faction Lightspeed, VMed, Circle Ventures, Forte, and NG. Patrick Chang, founder and managing partner of Dispersion Capital, wrote, “We’re looking for teams that are bridging today’s infrastructure gaps and building new standards for decentralized tech layers,” in the official announcement post.
The Appeal Behind the Tradecurve Presale
Projects such as Tradecurve are already transforming the Web3 space as they combine the best elements of CEXs and DEXs into a single platform where users have full, decentralized control over their own assets and hold their private keys.
On top of the Tradecurve exchange, users are not required to complete a KYC procedure and can just make a deposit of cryptocurrencies and use them as collateral whenever they make trades.
CEXs are centralized and have numerous elements that are more connected to Web2 than decentralized, such as mandatory KYC requirements that remove privacy, and hefty documentation, with high fees.
Tradecurve will feature the lowest fees in the industry, will implement a Proof of Reserves (PoR) system for transparency, and will launch its own trading academy that will teach any new user everything they need to know about trading.
Some of the advanced features of Tradecurve include high leverage, starting at 500:1, and algorithmic trading, where users can utilize AI to create trading bots and automate their processes.
There's also a copy trader feature, access to a VIP account system, and negative balance protection.During the presale, the team will raise $20 million and is looking to onboard 100,000 clients in the first three months of operation.
The TCRV token provides utility to the platform and is currently undergoing Stage 2 of its presale, where it is offered at $0.012. In the next stage, its price will increase by 25% to $0.015.
Analysts have predicted a jump in its value by 100x at launch, especially after it gets listed on Tier-1 exchanges and on the Uniswap DEX.
For more information about TCRV presale tokens:
Buy presale: https://app.tradecurve.io/sign-up