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Delta NewsMarch 30, 2021

Delta Exchange Closes $5 Million in DETO Private Sale

Pankaj Balani
CEO, Delta Exchange
March 30, 2021
What's in this post?

    It gives us great pleasure to share that Delta Exchange has successfully concluded $5 Million in private sale of our native token, DETO (Delta Exchange Token).

    We’re grateful to be backed by some of the marquee investors in the crypto space: Aave Ventures, Kyber Network, SinoGlobal Capital, Spartan Group, LuneX Ventures, CoinFund, QSN, G1 Ventures, Gumi Cryptos and BR Capital.

    Delta Exchange - DETO - Investors

    The completion of DETO’s private sale builds on to the great year Delta is having. We have seen an increase in revenues, trading volumes, customer acquisition and have added a number of new products and features to the platform. We look forward to an exponential growth in the coming months.

    DETO is an ERC-20 utility and rewards token that will power Delta Exchange and is integrated across the value chain of the exchange. With DETO, we aim to converge the best of features from CeFi and DeFi. It utilizes market-making pools for liquidity, making it similar to existing DeFi automated market makers, with some important differences.

    Here’s what some of our investors have said about Delta Exchange:

    Matthew Graham, Partner and CEO of SinoGlobal Capital:

    “The Delta team led by Pankaj is among the best qualified we have encountered. Pankaj and Jitender have worked in financial markets & derivatives trading at Citi, UBS, and GIC. Saurabh is a serial entrepreneur with a track record of building products at scale. Sino Global is thrilled to support team Delta as a strategic investor and partner.”

    Kelvin Koh, CIO at Spartan:

    “The Delta team has experience in creating compelling financial products for both institutions and retails, including being the first centralized exchange to offer crypto interest rate swaps and the first to list many perpetual swap products. We’re excited for Delta’s unique positioning in India, an increasingly important market in crypto, and are thrilled to support the team.”

    Loi Luu, Co-founder and CEO of Kyber Network:

    “We have been long-term supporters of Delta and are impressed by the way they have grown. We like DETO and its design, which has aspects of both DEFI and CEFI. It is one of the most innovative token designs we have seen to date.”

    Rui Zhang, GP of gumi Cryptos Capital:

    “There is no doubt that the derivative market of cryptos will be huge. Given the nature of cryptos, a variety of derivative products to fulfill the different demands of the mass users will be a key factor to succeed. I am impressed by how creative and how fast the Delta Exchange team is able to develop and roll out new derivative products.”

    BR capital:

    “We are proud to support Delta Exchange in its journey. Delta has been ahead of the curve in understanding the needs of the trading community and DETO is a step in the same direction. DETO’s reward system gives attractive incentives to traders and this will help Delta attract more customers and boost trading volumes.”

    We continue to strive to innovate and deliver world-class crypto derivatives products in this ever changing crypto landscape; thank you for supporting us and being a part of Delta’s journey so far.

    Vires in Numeris.

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