Hermes DeFi Receives a $175,000 Investment for their trader-focused DEX launching on Harmony
Momentum 6 (M6) is a value-add-focused VC architecting Momentum for teams and ecosystems building the future of Crypto and Web 3. The venture firm consists of four arms: research, venture, incubation, and marketing. With an investment portfolio of over 150 companies, you may have heard of some of their previous investments like: Real Player DAO, Duelist King, and EPNS.
M6 has a deep relationship with Harmony, and were among the first investors in the Harmony blockchain. They continue to show their support to this ecosystem through investment into builders on Harmony, including Hermes! Separate from this, M6 began offering $50,000 launch grants on Harmony in February.
We are honored and excited to be selected for an investment opportunity by Momentum 6. Kadeem, Phil, Andy and the entire team have all been an absolute pleasure to work with. Under this investment agreement, M6 will receive 449,178 HRMS tokens that will be vested over the course of 1 year (16.6% every two months). Hermes will use these funds to grow our team, pay for business expenses, and provide greater initial liquidity for the HRMS token.
In addition to the funds to support early business development, Momentum 6 has already proven to be a remarkable network connection. We hope to utilize these connections to bring cutting-edge features to our DeFi platform. In addition, Hermes will join the m2 Alumni network, connecting with hundreds of other builders in the Web3 space.
Furthermore, M6 operates a number of marketing streams including Twitter, Telegram, and Medium with a reach across many blockchains and market segments. We plan on working with M6 as part of our greater marketing push to increase our exposure to new users surrounding our product launch on May 16th.
For individuals not familiar with the types of projects M6 has previously invested into we will provide a brief description of some examples! Real Player DAO provides individuals direction for joining the Metaverse. Functioning as a platform that connects the right user to the right game; RPD connects and engages users to communities of similar interests. At this time, RPD serves a huge market of players including a large presence with users from China, Turkey and Africa who wish to join P2E adventures. To see current projects that are being promoted at this time, visit their Landing page highlighting current sales, upcoming sales in addition to seeing your application dashboard.
Duelist King brings a first-gen NFT card game to multiple networks; initially developed on BSC and Cardano and now supported by Fantom, Polygon and Cronos. Over 25,000 users have registered to play in addition to 250,000 cards that sold out as part of their initial launch. At this time, the game is actively being used in its Alpha 2.0 version with the Beta expected to launch later in Q2 of this year alongside expansions to available NFT cards as well.
Ethereum Push Notification Services (EPNS) provides a method to promote effective communication between businesses and their user bases. By utilizing wallet addresses, the protocol, dApp’s, and smart contracts can send notifications to users in a platform agnostic fashion. With how quickly the Crypto community announces new projects, updates to existing platforms and news; providing a direct link between these updates and users will be critical to real-time information updates.
