Google AI
The Times Australia
News From Asia

.

Array Secures $10 Million Investment from Temasek Family for Next-Generation Algorithmic Currency System

VICTORIA, SEYCHELLES - Media OutReach - 1 May 2023 - On March 28, 2023, Array is thrilled to announce that it has secured a $10 million investment from Temasek Family, a leading global investment firm.

This investment marks a significant milestone for Array.


The first round of funding raised $10 million in equity financing, which is a strong indication of Array's potential and value. Array has already gained significant attention and support from investors, and this second round of funding is even more remarkable.

Array is thrilled to reveal that its valuation after this investment is rumored to be over $100 million, making it one of the most valuable algorithmic currency systems in the market. Array is grateful for this massive investment from a well-respected family, which is a strong indication of the potential and value that it brings to the table. Array believes that this investment also suggests that the family has faith in its vision and the team behind it.

Array has developed innovative and disruptive technology that has caught the attention of investors and industry experts alike. Its algorithmic currency system is designed to be more stable, efficient, and scalable than traditional cryptocurrencies, making it a promising candidate for a variety of use cases, including payments, remittances, and investment.

Its smart contract platform, ArrayFi, is also a significant development in the blockchain space. It enables decentralized applications to be built on top of its network, leading to a more decentralized and democratic financial system. ArrayFi is a fully decentralized finance (DeFi) smart contract platform driven by its self-invented AI algorithm, ArrayGo. Based on the bonding curve smart contract, ArrayGo has all the advantages of maintaining stability and preventing risks while being greatly improved. ArrayGo operates independently, without any human or institutional control, and is driven solely by market actions. Unlike traditional bonding curves that are set up by centralized controllers, Array-Go learns, observes, and predicts, making ArrayFi a groundbreaking DeFi project in the market.

Hashtag: #Array

The issuer is solely responsible for the content of this announcement.

About Array

Array is an omni-chain protocol for application-oriented decentralized asset management, dedicated to building a next-generation algorithmic currency system. Array redefines the potential of algorithmic currency, simplifies the complex steps of application interaction, and allows Web3 to get rid of the cycle of volatility while still enjoying the creation of wealth together.


Twitter:
Discord:
Telegram:

Times Magazine

Why Is Professional Porsche Servicing Important for Performance and Longevity?

Owning a Porsche is a symbol of precision engineering, luxury, and high performance. To maintain t...

6 ways your smartwatch is lying to you, according to science

You check your smartwatch after a run. Your fitness score has dropped. You’ve burnt hardly any...

Has the adoption of electric vehicles led to new forms of electricity theft

Why the concern exists Electric vehicles (EVs) like the Tesla Model 3 or Nissan Leaf shift “fue...

Adobe Ushers in a New Era of Creativity with New Creative Agent and Generative AI Innovations in Adobe Firefly

Adobe (Nasdaq: ADBE) — the global technology leader that unleashes creativity, productivity and ...

CRO Tech Stack: A Technical Guide to Conversion Rate Optimization Tools

The fascinating thing is that the value of this website lies in the fact that creating a high-cali...

How Decentralised Applications Are Reshaping Enterprise Software in Australia

Australian businesses are experiencing a quiet revolution in how they manage data, execute agreeme...

The Times Features

Before vaccines, diphtheria used to kill hundreds each …

The Northern Territory[1] and Western Australia[2] are experiencing outbreaks of an almost-era...

realestate.com.au attracts the buyer for 9 in 10 listed…

New PropTrack data reveals the impact realestate.com.au has on property sales, with the  platfor...

The Hidden Threat Inside Data Centers: Why Fuel Degrada…

Data centers are designed with one overriding objective: uninterrupted operation. To achieve this...

Holidays: How to Book a Flight — and Protect Your Money…

For decades, booking an overseas holiday was a straightforward transaction: choose your destinat...

Olivia Colman, Kate Box to join an exclusive Live Q…

Fresh out of cinemas, JIMPA - the new film by acclaimed director Sophie Hyde (Good Luck to you, ...

Homemade Food: Cheaper Than Takeaway, Healthier Than Yo…

As the cost of living continues to bite across Australia, households are taking a harder look at...

The Coalition wants NDIS reform to focus on 3 things. H…

The government is expected to announce further changes to the National Disability Insurance Sche...

Power Bills: What Are the Options to Decrease What a Fa…

Australian households are being told, repeatedly, to “use less power.” Turn off lights. Shorten...

The Times Launches Dedicated Property Advertising Platf…

In a significant expansion of its digital media offering, The Times has formally launched TimesA...