BitSmiley

BitSmileySMILE

DeFi solution of the Bitcoin ecosystem

About BitSmiley

Founded

2023

Address

Chinese Mainland

Ecosystem

Community

bitSmiley is a Bitcoin-native Defi project that has innovated in both application design and protocol layers. Its groundbreaking Fintegra framework comprises three main components: a decentralized overcollateralized stablecoin protocol, a native trustless lending protocol, and the on-chain derivatives protocol. bitSmiley will initially introduce bitUSD, a native overcollateralized stablecoin on the Bitcoin blockchain, addressing the lack of stable price-pegging tools. Users can generate bitUSD by overcollateralizing their BTC, allowing participation in all BTC blockchain DeFi protocols. Each bitUSD is backed by overcollateralized BTC, ensuring stability and user asset security through a robust liquidation and repayment system.

Team Members

Cora Chen
Cora ChenPartner & Head of Operations

Investors

MH VenturesMH Ventures
Cypher Capital GroupCypher Capital Group
Skyland VenturesSkyland Ventures
NxGenNxGen
Side Door VenturesSide Door Ventures
Kucoin VenturesKucoin Ventures
NewTribe CapitalNewTribe Capital
Dutch Crypto InvestorsDutch Crypto Investors
IBC GroupIBC Group
Pragma VenturesPragma Ventures
Zephyrus CapitalZephyrus Capital
Veris VenturesVeris Ventures
Aegis VenturesAegis Ventures
CA CAPITALCA CAPITAL
Cryptogram VentureCryptogram Venture
SatoshiLabSatoshiLab
ABCDE CapitalABCDE Capital
OKX VenturesOKX Ventures
CMS HoldingsCMS Holdings
Foresight VenturesForesight Ventures
Waterdrip CapitalWaterdrip Capital
LK VentureLK Venture
Blockchain Founders FundBlockchain Founders Fund
ArkStream CapitalArkStream Capital
Comma3 VenturesComma3 Ventures
7upDAO7upDAO
MT CapitalMT Capital
Candaq Fintech GroupCandaq Fintech Group
K
Kinetic Kollective
G
GuildQB
P
Perlone Capital

Fundrasing details

Funding RoundAmountValuation
Date
Investors
--
$10.00M
--
2024-10-27
MH VenturesMH Ventures
Cypher Capital GroupCypher Capital Group
+ 15
Strategic
--
--
2024-03-03
Kucoin VenturesKucoin Ventures
Cryptogram VentureCryptogram Venture
+ 2
--
--
--
2023-12-13
ABCDE CapitalABCDE Capital*
OKX VenturesOKX Ventures*
+ 11