Time-bound token infrastructure Hourglass completes $4.2 million financing led by Electric Capital

2023-05-17 20:44:09BlockBeatsShare to:

WAIT+6.78% ($0.3152)

BlockBeats news, on May 17, time-bound token infrastructure Hourglass completed a $4.2 million seed round of financing, led by Electric Capital, with participation from Coinbase Ventures, Circle Ventures, Tribe Capital and Hack VC . Hourglass is designed to help protocols provide additional rewards to users who are willing to lock assets into the protocol for a certain period of time. After users commit to lock assets in the agreement for a period of time, they will receive a time-bound token representing the commitment to invest time, and the agreement can provide additional incentives based on the length of time. Currently, Hourglass has launched the first marketplace where time can be traded.

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HourglassMarkets

Price	$0.3152 USD	Price Change (24h)	+6.78%	Trading Volume (24h)	$50,916.85 USD
Market Cap	$7,568,934.3 USD	Circulating Supply	97,929,024.52	Max Supply:	100,000,000