{"id":39865,"date":"2021-03-31T10:38:38","date_gmt":"2021-03-31T07:38:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39865"},"modified":"2025-08-30T11:36:46","modified_gmt":"2025-08-30T08:36:46","slug":"delta-exchange-closes-private-token-sale-worth-5-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/delta-exchange-closes-private-token-sale-worth-5-million\/","title":{"rendered":"Delta Exchange closes private token sale worth $5 million"},"content":{"rendered":"<p>The platform for trading futures, options and other derivative contracts on cryptocurrencies Delta raised $5 million following a private token sale.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We&#8217;re glad to share that Delta has closed $5 Million in private sale of <a href=\\\"https:\/\/twitter.com\/search?q=%24DETO&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$DETO<\/a><\/p>\n<p>We\u2019re grateful to have marquee investors: <a href=\\\"https:\/\/twitter.com\/aaveaave?ref_src=twsrc%5Etfw\\\">@AaveAave<\/a>, <a href=\\\"https:\/\/twitter.com\/KyberNetwork?ref_src=twsrc%5Etfw\\\">@KyberNetwork<\/a>, <a href=\\\"https:\/\/twitter.com\/sinoglobalcap?ref_src=twsrc%5Etfw\\\">@SinoGlobalCap<\/a>, <a href=\\\"https:\/\/twitter.com\/TheSpartanGroup?ref_src=twsrc%5Etfw\\\">@TheSpartanGroup<\/a>, <a href=\\\"https:\/\/twitter.com\/LunexVC?ref_src=twsrc%5Etfw\\\">@LunexVC<\/a>, <a href=\\\"https:\/\/twitter.com\/coinfund_io?ref_src=twsrc%5Etfw\\\">@CoinFund_io<\/a>, <a href=\\\"https:\/\/twitter.com\/G1_Ventures?ref_src=twsrc%5Etfw\\\">@G1_Ventures<\/a>, @CryptosGumi, QSN &amp; <a href=\\\"https:\/\/twitter.com\/brcapital_fund?ref_src=twsrc%5Etfw\\\">@brcapital_fund<\/a> <a href=\\\"https:\/\/t.co\/yLnoSE7luz\\\">https:\/\/t.co\/yLnoSE7luz<\/a><\/p>\n<p>\u2014 Delta Exchange (@Delta_Exchange) <a href=\\\"https:\/\/twitter.com\/Delta_Exchange\/status\/1376919917132279818?ref_src=twsrc%5Etfw\\\">March 30, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>The financing round was led by Sino Global Capital with participation from Aave Ventures, Kyber Network, Spartan Group, gumi Cryptos Capital, QCP Soteria and other investment firms.<\/p>\n<p>Delta chief Pankaj Balani told <a href=\\\"https:\/\/www.theblockcrypto.com\/linked\/99855\/crypto-exchange-delta-raises-5-million-private-token-sale\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">The Block<\/a> that the platform would deploy the raised funds to execute a marketing campaign.<\/p>\n<p>In exchange for the investments, venture funds received the exchange&#8217;s native token DETO, which trades against Tether (USDT). Delta plans to expand spot trading pairs for Bitcoin and other cryptocurrencies.<\/p>\n<p>DETO will serve as a reward for liquidity providers, following the model of DeFi protocols. It can also be used to pay trading fees and, in the future, as collateral.<\/p>\n<p>Earlier in March, the Vega protocol for creating derivatives and trading them in a decentralized network <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-ventures-backs-vega-defi-protocol\">raised $5 million<\/a> in a funding round.<\/p>\n<p>Earlier, the Chicago Mercantile Exchange announced the launch on May 3 of a product based on the first cryptocurrency \u2014 <a href=\"https:\/\/u1f987.com\/en\/news\/cme-group-to-launch-micro-bitcoin-futures\">Micro Bitcoin<\/a> futures, awaiting regulator approval.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 news on cryptocurrencies, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delta Exchange&#8217;s platform for trading futures, options and other cryptocurrency derivatives raised $5 million following a private token sale.<\/p>\n","protected":false},"author":1,"featured_media":39866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1168,52],"class_list":["post-39865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-crypto-derivatives","tag-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=39865"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39865\/revisions"}],"predecessor-version":[{"id":39867,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39865\/revisions\/39867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/39866"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=39865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=39865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=39865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}