Decentralized Exchange Bluefin to Roll Out Token After Securing $17M in Total Funding
Summary
Bluefin, a decentralized orderbook exchange, will launch its governance token, BLUE, in July after securing $17 million in funding. The exchange, known for its crypto perpetual swaps on the Sui network, received investment from Flow Traders. BLUE aims to decentralize decision-making and incentivize users. It will have a maximum supply of 1 billion tokens, with an initial circulating supply of 116 million. Bluefin plans to expand into decentralized finance and launch new trading features. The exchange has raised funds from major hedge funds and has seen significant trading volume and monthly revenues.
