Cryptocurency

eCommerce Startup Ticket Monster (TMON) Raises $32 Million to Create Crypto Stablecoin

September 15, 2018
The Main Bloq

author:

eCommerce Startup Ticket Monster (TMON) Raises $32 Million to Create Crypto Stablecoin

South Korean eCommerce Startup Raises $32 Million to Create Crypto Stablecoin

South Korea ecommerce marketplace Ticket Monster (TMON) revealed it had closed a $32 million funding round for its new stablecoin.

TMON, which boasts a considerable $4 billion in total sales, is seeking to create an in-house cryptocurrency to compliment its existing token, Luna, which acts as collateral on its blockchain platform.

Contributing to the round are some of the cryptocurrency industry’s best-known names, including Binance Labs, OKEx and Huobi Capital, as well as funds including Polychain Capital.

“From experience, I know that faster, more secure transactions…

Pin It on Pinterest

Shares
Share This