gasp

ChainCatcher news, according to official information, MEXC will launch Gasp (GASP) in the innovation zone on March 4, 2025, at 20:00 (UTC+8) and open the GASP/USDT trading market.The deposit function for GASP is now open, and the withdrawal function will be available on March 5 at 20:00 (UTC+8). In addition, the GASP swap function will go live on March 5 at 18:00 (UTC+8).To celebrate the launch of Gasp (GASP), MEXC has launched an Airdrop+ event with a prize pool of 135,000 USDT.Event duration: March 4, 2025, 18:00 -- March 14, 2025, 18:00 (UTC+8).

ChainCatcher news, according to official sources, the cross-chain exchange protocol Gasp based on EigenLayer is launching a cross-chain communication platform that provides substantial funding and high-speed trading for both enterprises and retail investors.As a native cross-rollup protocol, Gasp aims to facilitate gasless, MEV-protected, and rapid cross-rollup swaps. The protocol achieves this by utilizing technologies such as escape hatches, ZK proofs, and decentralized sequencers.What sets the Gasp approach apart is its decentralized mechanism that ensures trustless transactions, enhancing security and reducing risks compared to centralized single points of failure and other traditional bridging mechanisms. Gasp also eliminates the need for wrapped tokens.The team has designed a platform with features including: cross-chain liquidity pools and vaults, EigenLayer security, gasless transactions, an instant fund transfer ferry mechanism, and MEV protection to prevent front-running and sandwich attacks.Additionally, the official announcement recently stated that 3% of GASP will be airdropped to MGX testnet era holders, and they are currently exploring how to transition LP providers from Mangata to GASP, reserving an additional 4% of GASP supply for early community building incentives.

ChainCatcher news, according to The Block, the cross-chain exchange protocol Gasp (formerly Mangata Finance) based on EigenLayer announced the completion of a $5 million private fundraising at a valuation of $80 million, with participation from Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital.Gasp plans to launch a testnet in the coming weeks and aims to enter the mainnet and launch its token after a successful test. They also plan to introduce a new token GASP and airdrop it to some MGX token holders.

ChainCatcher news, Hong Kong-based metaverse company GigaSpace announced the completion of a new round of strategic financing, with participation from STEPN's parent company Find Satoshi Lab and the Web3 venture capital fund ProDigital Future Fund. The specific amount of this financing has not been disclosed. This round of financing will be used to promote the development of STEPN City, with Find Satoshi Lab providing strategic guidance and resources to drive GigaSpace's growth and market share.This round of financing lays the foundation for the next round of strategic financing, with GigaSpace aiming to raise $3 million this year. ProDigital Future Fund will lead the new round of strategic investment. GigaSpace will use these funds to accelerate business expansion. (Source link)