What is Slingshot? Slingshot is a DeFi application that provides Crypto asset swap and storage services. In addition, Slingshot also has a global chat feature. So what is Slingshot? Let’s find out in this article!
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What is Slingshot Finance?
Slingshot is a DeFi app that allows users to buy, sell and swap over 40k cryptocurrencies at the best prices and 0% swap fees. Slingshot combines the advantages of centralized and decentralized exchanges.
Slingshot is a Multichain Dex Aggretor that helps find the best trading price for each asset on a supported chain. Some supported chains are Ethereum, BNB Chain, Arbitrum, Canto, Optimism, Polygon. And when Swap on Slingshot’s interface, users can also see a very intuitive chart.
Mechanism of Action
Slingshot Finance products include Wallet and Swap.
- Wallets: Used to store assets in a decentralized way, it is released with App version on CHplay, Appstore and Web version. Slingshot develops a Wallet that supports Multichain and the Swap product is integrated right into the wallet.
- Swap: Swap function is like a Dex Aggregator supporting Multichain. It finds the best price for the user.
Development Roadmap
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Core Team
Clinton Bembry: Founder & CEO
- In 2017, he successfully earned a bachelor’s degree in Computer Science at the University of Minnesota.
- After graduating, he founded the Astro Wallet project, but for some reason he left the project after 3 years of working there.
- After that, he moved to work as a Software Engineer for Coinbase, he left Coinbase after 9 months working there.
- And at the end of 2020, he became the founder and CEO of Slingshot Finance.
Zak Cole: Co-Founder & CTO
- He participated in establishing many companies such as Beattie Cole Digital Marketing Agency, Cole Cyber Tec, Haste Hosting between 2015 and 2018.
- In August 2017, he was hired as Community Lead at ICON Foundation, but in March 2018, he quit his job.
- Currently he is a Technical Advisor of DeFi Pulse, Syscoin Platform. He is also a Co-Founder of Code4rena, especially Co-Founder and CTO of Slingshot Finance.
Investors
- October 11, 2020: Seed round successfully raised $3.1M led by Framework Ventures, with participation from a number of funds such as Coinbase Ventures, Electric Capital, IDEO CoLab Ventures, Digital Currency Group (DCG), Robot Ventures, Winklevoss Capital.
- December 9, 2021: Successfully raised $15M Series A round led by Ribbit Capital, with participation from a number of investors Electric Capital, Framework Ventures, K5 Global, Shrug Capital.
Tokenomics
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Exchanges
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Information Channel of Slingshot Finance
- Website: https://slingshot.finance/
- Twitter: https://twitter.com/SlingshotCrypto
- Discord:
Summary
So I have clarified what Slingshot Finance is? Slingshot Finance cryptocurrency overview. Hope this article provides you with a lot of useful knowledge!