Maps.me Raises $50M as MAPS Token Gets Listed in BitMax
- Maps.me raises $50M from funding round.
- MAPS token set to be listed on Bitmax.
- FTX to hold MAPS launch.
Maps. me, an offline mapping application, has raised $50 million in a funding round led by Alameda Research.
Alameda Research is a quantitative crypto trading firm based in Hong Kong, China.
Maps.me has an estimated 140 million users, and the new version of the application offers a wallet with multiple currencies, thus combining hotel bookings with DeFi applications.
Maps.me aims for increased access to finance with the main focus of launching Decentralized Finance (DeFi) to the mainstream for more users. Also, exorbitant foreign exchange fees charged by banks and booking agencies would be eliminated.
Alameda CEO, Sam Bankman-Fried, the founder of the popular derivatives platform, FTX, has described Maps.me as an application with the potential to launch DeFi to the mainstream and connect the masses with the enormous benefits of DeFi.
Maps.me application token is MAPS, which is built on the Solana blockchain. Owners of MAPS tokens will benefit from rewards and services tailored to their personal needs.
The Maps. me platform is significantly popular among European users, with more than half of the continent’s application users.
Maps Token Listed on Bitmax
The popular crypto exchange has announced that MAPS token, the native token of Maps.me application, will be listed. In a tweet from the exchange, users will be able to deposit MAPS token from January 17 while trading if the token is expected to begin on February 1.
FTX to host MAPS launch
Popular crypto derivative exchange FTX has announced that it will host the launch of the MAPS token. According to a tweet from the exchange, the launch will hold on “January 26, 21:00 SGT”.
The Alameda Research team also owns FTX.
Meanwhile, Matthew Graham, the CEO of Sino Global, also announced that Sino Global is one of the MAPS investors and that the firm will publish its investment thesis on the MAPS token soon.