In a major milestone for Doubler Pro, it announces the successful closure of its seed funding round. This achievement is a testament to its promising future as an innovative project in the blockchain space according to the firm.
Doubler is a smart financial strategy tool that uses open smart contracts to optimize cryptocurrency investments. It aims to reduce risks while maximizing profitability by applying the “martingale” strategy, inspired by financial market concepts.
Users can create fund pools to hedge market risks. When the market hits a set threshold, participants join the pool through smart contracts, expanding their positions without extra costs. Doubler acts as a protective buffer, helping users mitigate market risks and potentially gain significant returns.
Youbi Capital took the lead in the funding round, and other participants included Bixin Ventures, Mask Network, Comma3VC, Pivotlabs, Continue Fund, Sanyuan Capital, Waterdrip Fund, DWF Ventures, Gate Labs, Formless Capital, MTCapital US, and Catcher VC.
It’s worth to notes that Doubler comes with several key features. The open gain protocol allows users to create flexible fund pools, promoting engaging market navigation. All gain strategies are executed through smart contracts, ensuring transparent and reliable investment operations.
Doubler operates independently, with its core logic unaffected by external factors, reducing the impact of adverse circumstances. Initiators and participants using Doubler incur no additional costs, enhancing overall benefits.
It also facilitates risk management and favorable returns through various investment options, combining hedging techniques and market aggregation.
Additionally, Doubler fosters a community-driven environment, enabling users to create or join fund pools and share risks and rewards for collaborative success.
On February 1, 2024, the team launched its Testnet. After a year of continuous upgrades and support from 13 VC Partners, the native DeFi product Doubler is now integrated with Blast, Doubler said in its X post. It said that users can engage in interactive testing to claim a share of 1 million DBR tokens, with an additional 30% bonus for Blast staking users.
The team also said that with the newly secured funding, Doubler Pro is poised to accelerate development, enhance user experience, and explore new opportunities in the blockchain and cryptocurrency space.
