Details

Last Funding Type

Seed

Last Funding Money Raised

$3.50M

Industries

Blockchain,Finance,FinTech,Information Technology,Internet,Software

Founded date

Aug 1, 2020

Number Of Employee

11 - 50

Operating Status

Active

Also Known As

Sifchain

Sifchain is the world's first omni-chain decentralized exchange (DEX) for digital assets, unlocking liquidity in various chains to free people from egregious fees and inefficient trades.

To bring this intention to reality, we envision extensive cross-compatibility with DEXs and centralized exchanges (CEX). The future of Sifchain is a Decentralized Autonomous Organization (DAO) and, for DAOs to self-sustain, they need access to massive capital. We believe that building cross-chain liquidity will be fundamental to the future of the blockchain industry: an expectation, not a feature.

Sifchain is built on the Cosmos Software Development Kit (SDK). Therefore, it is compatible with other Cosmos Network blockchains like Kava, Akash, and Terra via the Inter-Blockchain Communication (IBC) protocol. As such, it is 100 times more efficient than Ethereum-based DEXs like Uniswap in terms of both trading fees and transaction speed.

As a decentralized exchange, Sifchain combines the best elements of liquidity pools and order books for optimal order execution.