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Solana Entry Hub Dexlabs Raises More Than 1.4 Million US Dollars in Funding

Solana Entry Hub Dexlabs Raises More Than 1.4 Million US Dollars in Funding

Dexlab, a decentralized exchange for the most leveraged Solana projects to mint and list their tokens, raised a total of US$1.44 million from its seed and strategic rounds. The list of investors included Solana Grant, Eco Serum Grant, Parataxis Capital, Genesis Block Ventures, CMS, NGC Venture, Ledger Prime, Arca, Bixin, DFG, Moonwhale, Sonic Capital, Chris McCann(from Race Capital), Edith Yeung(from Race Capital), Alfred Chuang(from Race Capital), VTG, Evernew, Genblock, Rok Capital, Dragon Roark, 499Block, Friends & Family, Cryptomeriacapital, Axia8, M6, Petrock, and Medias & KOLs. 

What is Dexlab?

Dexlab is a full-fledged consulting firm for users seeking avenues to deploy on the Solana Blockchain. Anyone who wants to deploy on Solana can collaborate with Dexlab. It works in collaboration with several marketing firms in its network. As far as Dexlab’s development roadmap is concerned, after entering the market as a DEX platform in Q1 2021, Dexlab has brought in trade, swap, pool, analytics, APIs, and BOTs functionalities this quarter. 

In Q3 2021, Dexlab will be moving into its second phase of development where it will launch a GUI for traders and a GUI for bot traders. The last quarter of 2021 will see the introduction of a DEX launchpad with GUI to mint, issue, and publicize/airdrop tokens. Dexlab envisions its Minting Lab to be having one-click-based solutions for minting SPL tokens. 

In phase four, scheduled for Q1 2022, Dexlabs has plans to bring in its end-to-end NFT management system. 

 

The USP and Benefits of Dexlab

As a Korea-based firm, Dexlab takes pride in bringing Solana to Asia. Now, it wants to take Solana’s technology to the masses. With its Minting Lab, one can mint, manage and list a token seamlessly. Moreover, users can deploy smart contracts of their choice for that token. Dexlabs is building a database of smart contracts, categorized by industries. Customers will be free to choose the best-fitting smart contract for their needs from the database.

 

What gives Dexlabs a competitive edge over its peers in the market is that it simplifies the token minting experience for its users. One can mint a token without knowing how to code. Dexlabs also stresses delivering best-in-class customer service. With its one-click solutions, across-the-board consulting services, and streamlined deployment features, Dexlab essentially assists any educated individual to enter the blockchain market, irrespective of their technical finesse or blockchain knowledge. 

 

Dennis, one of Dexlabs’ co-founders, is a serial entrepreneur with more than a decade-long experience in leading diverse projects as the CEO. Another co-founder, Ray, has already created two successful technology businesses, including the numero uno art auction website in Korea, Seoul Auction, and a top-class mobile advertising app, Cashwalk. The duo has been working together for more than seven years now. Showing robust early signs of traction, the Dexlabs community is already more than 60,000-strong on Twitter and 29,000 members-strong on Telegram. 




Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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