Surpassing the eight million registered voters mark and recording vital development in a number of areas, SoSoValue introduced that it has raised $15 million in a Sequence A. This thrilling information comes off the again of a $4.15 million seed spherical in July 2024, bringing the full funding to just about $20 million. This latest Sequence A funding was co-led by HSG and SmallSpark, HSG being an present shareholder who additionally led the earlier seed spherical. Mirana Ventures and SafePal have been the opposite contributors on this spherical.
The funds will serve primarily as a reserve fund for the SoSoValue Indices (SSI) Protocol.
SoSoValue not too long ago launched 4 SSI tokens on Base Chain—MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI—as beta assessments in This fall of 2024. Lower than fourteen days after their respective releases, over 10,000 wallets have been holding SSI tokens.
The SoSoValue Spot Index Protocol
The SoSoValue SSI protocol is a cutting-edge spot index undertaking designed to assist environment friendly and well-calculated investments within the crypto market. It leverages good contracts to repackage a number of property, and a number of chain portfolios into wrapped tokens that signify baskets of property. These wrapped tokens observe the value actions of the underlying, attaining the targets of passive index investing. In keeping with the group, the underlying spot property are secured and licensed by third-party custodian companions for utmost transparency and safety. With the SSI tokens rebalancing every month, token holders pays a tech service payment of 0.01% every day.
Quoting Charlie Munger’s well-known phrases, Jivvva Kwan—the platform’s co-founder— highlights the significance of index investing and SoSoValue’s resolve to supply buyers with the mandatory instruments to show distinctive advertising and marketing schemes into actionable index methods.
“As Charlie Munger famously mentioned, ‘In the long term, none of us can beat the market.’ For unusual buyers, the perfect strategy is index investing. We imagine the perfect answer for on a regular basis buyers is a spot-based index that routinely rebalances—as a stress-free, market-tracking funding possibility. To additional democratize investing, we plan to launch an open-source index creation device, empowering skilled buyers to show their distinctive market insights into actionable index methods. This may allow anybody to situation their indices, embodying SoSoValue’s dedication to data and asset equality,” Jivvva Kwan reveals.
With the SSI protocol launch, SoSoValue helps its imaginative and prescient of constructing crypto funding assets and instruments available for everybody. It’s a part of the AI-driven crypto analysis platform’s mission to draw and maintain wholesome and long-term participation within the trillion-dollar crypto market.
The SoSoValue AI-driven Crypto Analysis Platform
A testomony to the insatiable urge for food for SSI protocols and associated merchandise is SoSoValue’s unprecedented natural development; eight million registered customers in a single yr. The platform goals to assist buyers sieve via tons of knowledge to search out significant data and obtain it by using super-advanced AI methods that analyze information and current them in easy dashboards. SoSoValue ensures that every investor, no matter location or information degree, can entry the identical high-quality data as others.
“Discovering dependable, related information has traditionally been a problem within the area, because it has been fragmented throughout disparate platforms and suppliers, and we’re on a mission to simplify investing on this asset class for all market contributors. Our development this previous yr is proof there may be an urge for food for actionable data and merchandise, and we are going to proceed to develop and convey extra to our customers all through the remainder of this yr and past,” SoSoValue’s co-founder Jessie Lo additional says about this platform’s want to develop and onboard extra years sooner or later.
Since SoSoValue’s launch in 2024, it has quickly grown to develop into the most important skilled analysis platform for the crypto business. As the primary to spotlight internet in-flows and outflows from Bitcoin ETFs in a dashboard and the primary to identify indexes in token type, SoSoValue solidifies its stance because the main platform and the upcoming SSI protocol launch will additional show that.
