HONG KONG, Nov. 12, 2021 (GLOBE NEWSWIRE) – Trusted Node, a platform creating a validation network for proof-of-stake and next-generation blockchains, recently raised US $ 2 million in a private round in just an hour.
Trusted Node’s vision is to bring Proof of Stake (PoS) network rewards to its users, providing more opportunities for cash flow and yield generation. Trusted Node achieves this by creating a reliable decentralized network of validator nodes on the most important DeFi networks and emerging blockchain networks.
The investment cycle was led by Plutus VC, followed by Lion DAO and NIOX DAO. The cycle also saw the participation of Tavis Digital and Primo Conseil.
Trusted Node CEO and Founder Stefan Rust said, âWe are delighted to have the support of so many key investors, and having raised US $ 2 million in such a short period of time reflects the confidence and support in our project. Going forward, we will continue to develop and improve our platform, providing more choices of validation networks for our users, which in turn will benefit the entire crypto ecosystem. “
The funding will be used to expand Trusted Node’s network of validator nodes, which will expand choices for its users. In addition, the funds will be used to develop and further improve the functionality of Trusted Node, such as the platform’s liquid staking vaults which will be available soon.
âWe are excited about the potential of Trusted Node to deliver the next generation liquid staking solution for PoS blockchains. The protocol will provide aggregation and more opportunities for returns from staking assets and derivatives across protocols and validators. Said Calvin Ng, general partner of Plutus VC.
âWe are proud to invest and partner in projects that share our vision of collective growth and empowerment. We are excited to partner with Trusted Node as they are aligned with our passion and commitment to building a decentralized world. Said Faiz Nazarali, co-founder of Trusted Node, Highvibe Network, Lion DAO and COmastermind.
âTrusted Node’s innovative solution for liquidity staking promises to be a valuable piece of infrastructure, bringing proof of the stakes and opportunities of Yield Farming to the masses. We are thrilled to have the opportunity to support the vision of the core team to build Trusted Node, âsaid Ali Raheman, Founder of NIOX DAO.
The private round follows Trusted Node’s earlier success by reaching US $ 30 million in total locked-in value (TVL) just two weeks after launching its web app and staking portal. Trusted Node is extremely grateful to its users, community, and investors.
The Trusted Node white paper was also recently released and can be found here.
About the trust node
Trusted Node creates a network of validators for proof-of-stake and next-gen blockchains. It enables professional network management while providing returns to stakeholders who participate in decision-making around the nodes of the network infrastructure.
Follow Trusted Node on social media for the latest project updates and announcements:
Telegram Community Channel: t.me/trustednode_io
Telegram News Channel: t.me/TNODE_official
Media contact: Sunny Cheng at [email protected]
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