Parex completes $6.5 million financing, with participation from DWF Labs and Bitgert Ventures

ChainCatcher news, according to Crypto News BTC, the community-driven decentralized autonomous organization Parex announced the completion of a new funding round of $6.5 million, with investments from DWF Labs and Bitgert Ventures, where DWF Labs invested $3 million and Bitgert Ventures invested $3.5 million.

It is reported that Parex is a community-driven DAO ecosystem built by ParexChain, Parex Pockets, RaccoonSwap, Change, and other decentralized applications. The new funds will be used to accelerate the construction of an environmentally friendly DeFi and DAO ecosystem, and plans to launch the mainnet after the PEP-20 testnet goes live.