Hedgehog Protocol Secures $1.5M Pre-Seed Funding to Address Crypto Transaction Fees

Wednesday, 6 March 2024, 12:01

Hedgehog, a protocol designed to hedge against crypto transaction fees, successfully raised $1.5 million in a pre-seed round backed by prominent crypto angel investors. The funding will enable Hedgehog to further develop its innovative solution to help users mitigate the impact of rising transaction fees in the crypto space. With strong support from key investors, Hedgehog is poised to make a significant contribution to the evolving landscape of decentralized finance and blockchain technology.
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Hedgehog Protocol Secures $1.5M Pre-Seed Funding to Address Crypto Transaction Fees

Overview

Hedgehog, a protocol aimed at hedging against crypto transaction fees, recently concluded a successful pre-seed funding round worth $1.5 million. The round was notably backed by several influential crypto angel investors, highlighting investor confidence in the project's potential.

Key Highlights

  • Purpose: Hedgehog protocol is designed to offer users protection against the volatility of crypto transaction fees.
  • Funding: The $1.5 million pre-seed round signals strong investor interest in Hedgehog's unique solution.
  • Investors: Prominent crypto angel investors have lent their support to Hedgehog, endorsing the project's mission and vision.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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