We are very honoured to announce that Illusionist Group has recently made an investment in Impossible Finance – a Defi protocol built on Binance Smart Chain. With the desire to support technical teams with robust and innovative projects to help develop a larger and stronger blockchain ecosystem, for sure Illusionist Group will support Impossible Finance in the most comprehensive way.
Impossible Finance uses decentralized financial protocols to give everyone the same access to financial products, which were previously only available to institutions and select individuals. The protocol will develop a multichain ecosystem that can help boost the growth of DeFi liquidity and composability. Through this provision, anyone can swap crypto tokens easily without being met with the frustrating limitation of unavailable liquidity.
Built on Binance Smart Chain, however, Impossible Finance will support other EVM chains including Ethereum and Polygon in the future. Besides, it will also offer an AMM liquidity protocol featuring a fully decentralized incubator and launchpad for new projects in DeFi. With this incubator, Impossible Finance will offer support and assistance for prospective crypto builders.
1.@impossiblefi has just finished its $7 million funding round with the participation of different institutions and individuals. This round is co-led by big venture capitals including @trueventures , @cmsholdings @AlamedaResearch , and @hashed_official . pic.twitter.com/scqYZudLNT
— Binancians (@binanciansvn_) June 4, 2021
Tony Montana – Co-founder of Illusionist Group, when being asked about this investment, did reply: “Illusionist Group always has a strong belief in innovative projects, and we also understand that the only way to discover the limits of the possible is to go beyond them into the impossible. Impossible Finance is a strong, experienced and resilient team who can move at the pace of innovation crypto demands, its vision is to build a multi-chain ecosystem for promoting growth of DeFi liquidity and composability. For this reason, we would like to accompany them on their development path and support them in every aspect”.
About Impossible Finance
Impossible Finance uses decentralized financial protocols to give everyone the same access to financial products, which were previously only available to institutions and select individuals. At Impossible Finance, they bring together investors, users, and projects into a cohesive multi-chain ecosystem. Despite tenures at centralized exchanges, their contributors believe that defi’s composability will power the best project-launching mechanisms, hence the motivation for the Impossible Incubator.
About Illusionist Group
Illusionist Group is the capital behind Polka Warrior – one of the biggest communities of $DOT hodlers around the world. It is a global blockchain and digital asset investment firm, which focuses on ventures, tokens, projects, as well as the growth of the cryptocurrency market. Based in Vietnam, Illusionist Group has extensive history in global fund distribution, combined with our strong relationships and partnerships with investors, venture capitals, leading academic institutions and fund platforms can create values to support technical teams having robust and innovative projects, which helps to grow a larger and stronger blockchain ecosystem.
