The sustainable contract platform Narwhal Finance completed a $1 million financing

It is reported that Narwhal Finance, a sustainable contract platform based on BNB Chain and Arbitrum, completed a US $1 million financing, with Animoca Ventures leading the investment, and participants including Hailstone Ventures. Narwhal Finance allows users to trade perpetual contracts including cryptocurrencies, foreign currencies, indices, and stocks, with a leverage ratio of up to 1000 times. In addition, the platform also provides documentary trading functions.

The sustainable contract platform Narwhal Finance completed a $1 million financing

I. Introduction
– Explanation of Narwhal Finance
– Description of the financing round
II. Overview of Narwhal Finance
– Background of BNB Chain and Arbitrum
– Explanation of Narwhal Finance’s sustainable contract platform
– Description of the platform’s features
III. Trading Perpetual Contracts with Narwhal Finance
– Explanation of perpetual contracts
– Leverage ratio of up to 1000 times
– Cryptocurrencies, foreign currencies, indices, and stocks trading
IV. Documentary Trading Functions
– Description of documentary trading functions
– Benefits of using documentary trading
V. Animoca Ventures Lead Investment
– Background of Animoca Ventures
– Explanation of lead investment in Narwhal Finance
– Significance of Hailstone Ventures’ participation
VI. Conclusion
– The future prospects of Narwhal Finance

Article:

**Narwhal Finance Raises $1 Million in Funding Round Led by Animoca Ventures**
Narwhal Finance, a sustainable contract platform based on BNB Chain and Arbitrum, has completed a US $1 million financing round with Animoca Ventures leading the investment, and participants including Hailstone Ventures. Narwhal Finance’s platform allows users to trade perpetual contracts including cryptocurrencies, foreign currencies, indices, and stocks, with a leverage ratio of up to 1000 times. In addition, the platform also provides documentary trading functions.

Overview of Narwhal Finance

Narwhal Finance is a decentralized trading platform built on the Binance Smart Chain and Arbitrum. Narwhal Finance’s platform is designed with sustainability in mind, significantly lowering the costs of trading and providing a seamless experience for all traders. The platform is self-governed, open-source, and provides an incentivization mechanism to its users.
The platform was created to offer a more sustainable approach to traditional cryptocurrency exchanges. Narwhal Finance emphasizes transparency, security, and trust by operating a completely inclusive ecosystem. Narwhal Finance is preferred by traders because of its compatibility with both Ethereum and Arbitrum networks.

Trading Perpetual Contracts with Narwhal Finance

Perpetual contracts are the cornerstone of the Narwhal Finance platform. These trading contracts allow traders to speculate on the rise and fall of any currency pair, cryptocurrency, commodity or index without the need for an expiration date. Narwhal Finance’s leverage ratio of up to 1000 times offers users more significant exposure to the market and the benefits that come with it.
Cryptocurrencies, foreign currencies, indices, and stocks are all available to trade on the Narwhal Finance platform. Perpetual contracts are priced in US Dollars or Tether, and the initial margin requirement is just 2% of the total value of the trades. Users can also use the platform’s trading calculator to calculate the leverage and margin requirements.

Documentary Trading Functions

Narwhal Finance offers unique documentary trading functions that are designed to protect the interests of traders. The platform supports all major documentary trading functions such as Letter of Credit (LOC), bank guarantee, bills of exchange, and warehouse receipts. Documentary trading is a significant benefit of using Narwhal Finance, as it protects users from risks and establishes confidence between parties.

Animoca Ventures Lead Investment

Animoca Ventures is a Hong Kong-based venture capital firm that specializes in blockchain projects. It is best known for backing Axie Infinity, the play-to-earn crypto game that recently surpassed $2 billion in monthly trading volumes. “We are thrilled to be investing in Narwhal Finance, a project that combines leading features with a sustainable, user-friendly approach to trading. We believe that Narwhal Finance’s platform will revolutionize the world of trading,” said Yat Siu, CEO of Animoca Brands.
Ni Zhang, the founder of Narwhal Finance, said, “We are very excited that Animoca Ventures is leading this investment round. We look forward to working with them and our other investors to take our platform to the next level.”
Hailstone Ventures, a blockchain-focused investment and development firm, was also a participant in the funding round. Hailstone Ventures called Narwhal Finance’s platform a “significant step forward in the development of blockchain-based trading markets.”

Conclusion

Narwhal Finance has raised $1 million in a financing round led by Animoca Ventures, with Hailstone Ventures participating. The sustainable contract platform offers perpetual contracts trading with leverage ratios of up to 1000 times, with comprehensive documentary trading options. Narwhal Finance intends to revolutionize the world of trading by offering a platform that is sustainable, open-source, and self-governed.

FAQs

**1. What is Narwhal Finance’s sustainable contract platform?**
Narwhal Finance is a sustainable contract platform built on the Binance Smart Chain and Arbitrum, offering trading on perpetual contracts, including cryptocurrencies, foreign currencies, indices, and stocks.
**2. What is the leverage ratio for trading on Narwhal Finance?**
Narwhal Finance’s platform offers a leverage ratio of up to 1000 times, providing more significant exposure to the market.
**3. What is documentary trading, and why is it significant on Narwhal Finance?**
Documentary trading is a set of functions designed to protect the interests of both parties involved in a trade. Narwhal Finance offers comprehensive documentary trading options, including Letter of Credit (LOC), bank guarantee, bills of exchange, and warehouse receipts, establishing confidence between traders and protecting them from risks.