Wednesday, December 8, 2021
Home Crypto News ICO/IDO/IEO Minima Closes Series A Round Raising $6.5M to Build ‘The Most Decentralized...

Minima Closes Series A Round Raising $6.5M to Build ‘The Most Decentralized Network’

- Advertisement -

ZUG, Switzerland, 26th October, 2021,

Minima, the protocol designed to run on smartphones, has closed a Series A funding round while raising $6.5 million from several notable investors. These investments will be instrumental in launching Minima’s Mainnet in 2022.

The investment round includes GSR, DEX Ventures, AGE Crypto, SMO Capital and Vinny Lingham.

Minima’s innovation lies in the possibility of making every user a complete node. The blockchain protocol uses a variation on the Proof of Work consensus mechanism that requires minimal computing power, enabling it to run entirely on mobile phones and IoT devices.

Minima is designed to be the most decentralized, immutable and scalable protocol on the market. In addition to enabling users to secure the Minima chain in a more decentralized, and therefore sustainable manner, Minima will natively support token transfers and smart contracts. As Minima realises that scaling purely through layer-one is largely impossible, Minima will launch with a  layer-two solution tethered to the base-layer blockchain.

Minima has already onboarded over 5000 nodes across 94 countries in the last few months, ahead of its upcoming launch in 2022. The Series A round will propel the project to the finish line and accelerate its release. In the meantime, the Minima Incentive Program allows users to begin earning coins by downloading the Minima app on their Android mobiles, or running Minima on PC, Mac or Linux. Additional Minima coins can be earned if users participate as testers. To join the Minima Incentive Program, users must sign up to a waiting list.

“We are excited to announce this oversubscribed Series A fundraise,” said Hugo Feiler, CEO of Minima. “Our Mission is to create a blockchain that no one controls and everybody owns, making it completely decentralized. This  fundraising round will enable us to bring onboard the resources we need to launch Minima’s Mainnet in the middle of 2022.”

“I love to back founders who are thinking about the future differently, and I think that Minima is doing just that”, said Vinny Lingham.  “I see decentralization as a vital cornerstone in the future of value and information exchange, and my investment into Minima is an investment into the next generation of connectivity, and enabling different use cases for blockchain technology. In my view, enabling everyone to easily run their own node without any third-parties involved, will put blockchain technology in the hands of everyone, literally.”

About Minima 

Minima was founded in London in 2018. It has created an ultra-lean blockchain protocol that fits on a mobile or IoT device, allowing every user to run a full constructing and validating node. By adopting this approach, Minima has created the possibility of operating a completely decentralized network that is scalable and inclusive, while remaining secure and resilient.




- Advertisement -


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Largest Bank In Colombia To Offer BTC, ETH, LTC, And BCH Trading Services With Help Of Gemini

Gemini cryptocurrency exchange has entered into a partnership with the largest bank in Colombia, Bancolombia, under which the bank's clients will have access to...

3Space Art Announces the Launch of Its Groundbreaking NFT Platform

Singapore, Singapore, 7th December, 2021, Chainwire3Space Art is thrilled to announce the official launch of its groundbreaking NFT platform that facilitates widespread use of...

Starly Closes Pre-IDO Funding Round of $6.1 Million and Announces Future Plans

Zug, Switzerland, 7th December, 2021, — Starly, the launchpad and marketplace for gamified NFTs, has just closed its pre-IDO funding round with $6.125 million...

Polygon And Wanchain Announce Strategic Partnership, Plan To Launch World’s First Direct Decentralized Layer 2-to-Layer 2 Cross-Chain Bridge

London, United Kingdom, 7th December, 2021, -Polygon and Wanchain are proud to announce a strategic partnership that will drive further adoption of Layer 2... Becomes The Sixth Largest Crypto Futures Platform

Singapore, Singapore, 7th December, 2021, Chainwire Leading global digital asset exchange,, has quickly become the sixth largest crypto futures platform in the world, having...

UK FCA May Exclude Crypto Investors From Financial Services Compensation Scheme (FSCS)

Cryptocurrency investors may be excluded from the Financial Services Compensation Scheme (FSCS) in the UK. A proposal from the Financial conduct authority (FCA) is...

India Looking To Classify Crypto As Financial Assets, All Crypto Holders Must Declare Their Holdings Or Face Fines

India is considering appointing its capital markets regulator to oversee cryptocurrencies, according to people with knowledge of the matter told Bloomberg, as authorities look...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.