DuckChain, a layer-2 solution enhancing the TON blockchain, has secured $5 million in a strategic funding round led by investors such as dao5, Offchain Labs, Kenetic Capital, and DWF Ventures. Additional backers include Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate.io, and Presto.
The funds will be used to improve Ethereum Virtual Machine (EVM) compatibility, boost TON’s scalability, and attract users from other blockchain ecosystems. DuckChain has also partnered with Arbitrum, OKX Wallet, and OnePieceLab to further strengthen its ecosystem.
In a push to drive innovation, DuckChain is hosting the Yellow Duck Mission Hackathon from December 15, 2024, to January 15, 2025.
The event invites developers to create decentralized applications (dApps) across various tracks, with a prize pool of $1 million in DuckChain Tokens.
Winners will be rewarded with $500,000, while creative and community-driven projects will share $200,000 and $50,000, respectively. Submissions open December 15 via the DuckChain Hackathon Portal.
DuckChain has recently emerging as an innovative blockchain platform designed to provide scalable, secure solutions for various industries.
Leveraging advanced technology, DuckChain offers faster transactions, enhanced security, and greater transparency compared to traditional systems, positioning itself as a notable player in the blockchain space.
DuckChain has gained significant attention in the cryptocurrency market. The price of its native token, $DUCK, is influenced by factors such as adoption rates, technological advancements, and overall market conditions. As a platform known for its scalability and low transaction fees, DuckChain has the potential for positive growth in the near future, with experts predicting further adoption.
DuckChain has hosted a series of airdrop events, a common marketing tool in the cryptocurrency world, aimed at distributing free $DUCK tokens to users. These airdrops not only increase awareness of the platform but also drive demand for the $DUCK token, often resulting in price increases after the events. By participating in these airdrops, users can claim free tokens and use them for transactions within the DuckChain ecosystem.
The $DUCK coin serves as the native cryptocurrency within the DuckChain ecosystem. It is primarily used for transactions, paying fees, and powering decentralized applications (dApps). As DuckChain’s adoption grows, $DUCK is expected to gain traction in sectors such as supply chain management, finance, and logistics, providing a secure and efficient method for conducting transactions.
The DuckChain Wallet allows users to securely store, send, and receive $DUCK coins. With a user-friendly interface, the wallet makes it easy for both beginner and experienced cryptocurrency users to manage their assets and engage with the DuckChain ecosystem. It has become an essential tool for interacting with the platform.
The DuckChain OKX MiniApp integrates the DuckChain platform with the OKX exchange, allowing users to access the platform directly from their smartphones. The app provides real-time price tracking, portfolio management, and access to DuckChain’s decentralized features. By tapping into the vast global user base of the OKX platform, DuckChain is increasing its visibility and adoption.
DuckChain has seen significant interest from male crypto investors, particularly those drawn to the platform’s practical applications in industries like logistics, supply chain, and e-commerce. As blockchain technology continues to grow, DuckChain’s ability to address real-world problems makes it an attractive option for early adopters of new technologies.
The price of DuckChain’s $DUCK token fluctuates based on market conditions, with demand, supply, and broader cryptocurrency trends influencing its value. Investors are encouraged to monitor DuckChain’s price movements to make informed decisions. Tools such as market analysis platforms and community updates can provide valuable insights into the token’s future price trends.
DuckChain has a total supply cap for $DUCK tokens, meaning there is a limit to how many tokens will ever exist. This scarcity can influence the token’s price and market behavior. Understanding the dynamics of DuckChain’s total supply is crucial for investors and users, as it impacts future trends in token availability and pricing.
DuckChain is steadily establishing itself as a promising blockchain platform with broad use cases across various sectors. Its scalability, low fees, and commitment to security position it well for future growth. As more industries adopt blockchain technology, DuckChain’s impact is expected to grow, making it a platform to watch closely in the coming years.
