Bitcoin
$42,465.59-3.69%
Ethereum
$2,870.97-8.11%
XRP
$0.919646-6.99%
Cardano
$2.16-3.53%
Polkadot
$29.22-6.05%
Stellar
$0.282091-5.00%
Dogecoin
$0.204655-7.52%
Chainlink
$22.50-7.16%
Uniswap
$19.21-9.66%
Polygon
$1.10-8.38%
Algorand
$1.75-7.78%
Cosmos
$37.60-6.60%
Litecoin
$149.58-6.56%
Bitcoin Cash
$508.31-6.40%
Wrapped Bitcoin
$42,333.00-3.43%
The Graph
$0.679508-6.52%
Filecoin
$62.95-14.01%
Tron
$0.090504-7.42%
Ethereum Classic
$46.14-8.87%
Tezos
$6.19+7.53%
Aave
$276.44-8.66%
Monero
$234.71-4.95%
NEO
$39.64-6.72%
EOS
$3.94-8.31%
IOTA
$1.25-9.19%
BitTorrent
$0.003193-7.59%
Bitcoin SV
$134.86-6.90%
Waves
$25.07+3.70%
Maker
$2,248.25-10.45%
Dash
$165.60-3.90%
Decred
$113.03-3.58%
Decentraland
$0.674311-6.71%
ICON
$1.54-6.99%
NEM
$0.145800-9.06%
Zcash
$111.34-7.86%
OmiseGO
$8.75-9.58%
Paxos Standard
$0.999968+0.01%
NuCypher
$0.268457-7.63%
Yearn Finance
$28,435.50-7.11%
Qtum
$9.68-8.33%
Bitcoin Gold
$51.72-6.66%
Ren
$0.969331+19.73%
Basic Attention Token
$0.643855-7.95%
0x
$0.885557-7.60%
Fetch.ai
$0.742519+3.36%
Kava.io
$5.75+4.52%
Bancor
$3.40-5.94%
Band Protocol
$7.45-4.89%
Siacoin
$0.014622-9.14%
Nano
$4.54-9.58%
Loopring
$0.376491-7.41%
Civic
$0.452910+6.08%
Storj
$1.06-7.55%
Numeraire
$39.77-5.76%
Lisk
$2.81-7.71%
Orchid
$0.320442-8.07%
PAX Gold
$1,761.02-0.84%
Enzyme
$129.50-14.74%
Augur
$20.75-6.85%
Aragon
$4.54-11.36%
district0x
$0.146111-8.33%
Kyber Network
$1.41-8.03%
SingularDTV
$0.001309-2.38%
Tether
$1.00+0.03%
USD Coin
$1.00+0.04%
Dai
$1.00+0.10%

Borderless Capital Raises $10M for HNT Staking and Mining

HNT.Fund is the first non-Algorand fund that Borderless Capital has been involved in.

Jul 7, 2021 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 1:22 p.m. UTC

Investment firm Borderless Capital has closed a $10 million fund for mining and staking HNT, the native token of The People's Network, which is built on the Helium blockchain.

  • HNT.Fund's wants to create a "Wrapped HNT" on the Algorand blockchain to enable HNT use in decentralized finance (DeFi) and centralized finance (CeFi) applications, according to an emailed announcement Wednesday.
  • Helium uses blockchains and tokens to incentivize consumers and businesses to run commercial telecommunications hubs that support the ecosystem in what is called a "proof-of-coverage" model.
  • It announced the launch of a 5G version of its network in April.
  • HNT.Fund is the first non-Algorand fund that Borderless Capital has been involved in.
  • Participants in the fund included Adam Bain, the former chief operating officer of Twitter, and Sandeep Nailwal, the co-founder of the Polygon protocol.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...