ZUG, Switzerland–(BUSINESS WIRE)–GOGO Protocol, an open-source DeFi protocol for asset management and savings, today announced a new $2 million fundraising round with participation from global venture capital firms and cryptocurrency exchanges including Shima Capital, Digistrats and MEXC Pioneer.
“Our goal is to provide a frictionless user experience for customers to earn high returns, take control of their savings, and break free from the constraints of centralized finance,” said Garry Krugljakow, Founder of GOGO Protocol. “With this new round of funding, we can help recruit the next million DeFi users and bring mainstream adoption closer to reality.”
GOGO Protocol is building the world’s first non-custodial decentralized asset manager with on-chain sharded funds. They offer security via NFT smartVaults, nearly gasless transactions, and keyless noncustodial wallets for users to create a robust DeFi ecosystem.
“We recognize and support the important work GOGO Protocol is doing to empower everyday users, and especially the younger generations who are creating wealth from the ground up, to take control of their finances,” said Yida Gao, General Partner. of Shima Capital. “People shouldn’t have to read Satoshi’s white paper or be a blockchain expert to access groundbreaking financial products. GOGO Protocol’s user-friendly technology helps simplify the process for everyone from new crypto investors to old pros, removing barriers to entry into the world of DeFi.
Katherine Deng, Vice President of World MEXC and the founder of MEXC Pioneer, said of the investment: “With a focused and motivated team, GOGO Protocol is able to offer people a cutting-edge DeFi experience and continue to grow with sophisticated solutions for We are happy to work closely with great talents like the team and build the DeFi infrastructure together for more people around the world.
GOGO Protocol, founded in 2021, has welcomed thousands of people from around the world to manage their on-chain assets and economies. To learn more about the company, visit gogocoin.io.
About the GOGO protocol
GOGO Protocol builds the most user-friendly open-source DeFi protocol for asset management and savings. They offer a frictionless user experience powered by impressive invisible technology that includes on-chain automation, simple one-click interactions for DeFi, and advanced security via NFT Smart Vaults. GOGO Protocol is built by a global team of over 35 professionals, spanning 3 continents, with deep expertise in crypto/DeFi and with roots in banking, finance, technology, arts, entertainment and gaming, as well as over 10 years of experience building multi-billion dollar tech companies such as N26, Consensys, Binance, Deutsche Bank and Sovryn. GOGO Protocol is backed by a team of esteemed advisors, including Hamzah Khan, Head of DeFi at Polygon, the lead developer of SushiSwap Keno, as well as the founders of Qi DAO, Tesseract and Gelato.
About MEXC Pioneer
MEXC Pioneer is a business incubation accelerator focused on cutting-edge blockchain and cryptocurrency projects. Launched by MEXC Global, a leading digital asset exchange, the platform aims to be a trusted partner providing strategic business support and the tools needed to help new ventures, innovators and entrepreneurs turn their dreams into reality.