MyCrypto Raises Astonishing $4 Million With The Help Of Polychain
An astounding $4 million in capital was raised by MyCrypto, the Ethereum wallet company – in an attempt to make the network’s service more straightforward to use for everyone – as announced by the tech group. The fundraising move was run by Polychain Capital, with several investors making contributions to the company. No less than ten different companies made contributions to the new startup, including; ShapeShift, Coefficient Ventures and Mainframe founder Mick Hagen among others.
MyCrypto is using the raised money to increase the user’s ability to complete trade transactions on Ethereum Network. The newly upgraded wallet will be more efficient for new users who want to buy or sell ETH. One of the most laborious processes for members on the platform is dealing with buying and selling coins. Developers on the company want to simplify the process, so it is easier for people who are making purchases or sales for the first time.
People working on the project have little to no cryptocurrency or blockchain experience. They are experts in programming and developing, all the same, they were looking for more think outside the cryptocurrency box type of engineers to improve the system. One hope of MyCrypto is that the new wallet will help expand Ethereum’s user base through the desire to use their product. Targeting new users is the primary goal of the company, who wants to make the desire to use their service similar to the ICO movement of last year and earlier this year.
Users will also appreciate the in-depth advice they give at MyCrypto, with the goal of making new members to the platform more self-assured in their ability to make transactions on the system. They genuinely want people to be ready for the next big wave of cryptocurrency price spikes, to help as many people as possible capitalize on the industry’s growth. Right now, is the perfect time for new traders to get in the game, while things are slow, it gives them time to learn the ropes.
Creating more developments is the goal of MyCrypto as well as their principal focus – particularly while in a bear market situation – to help add more products to the changing industry. At this time, cryptocurrency investors need more user-friendly products to use, and MyCrypto is leading the way to a new movement of simplified tech products designed to be usable by veteran traders and new users all the same.
What type of crypto-related products would you like to see added to the market or simplified? Leave us your list in the comment section below.