C3 Protocol

DeFi

C3 Shutdown

C3 is officially shutting down due to market challenges and difficulties in achieving product-market fit, despite significant technological achievements. The platform will allow users two weeks to close positions and withdraw funds, followed by a transition to a withdrawal-only mode for several months before final closure.

C3 Protocol is a cryptocurrency exchange platform that allows users to trade without giving up control of their assets to a third party, unlike traditional exchanges. It focuses on reducing risks like centralization and exchange insolvency.

Project rating

5 / 10

Basic

What is C3 Protocol

Here's how it’s works:

Self-Custodial: Users keep control of their cryptocurrencies, which enhances security and reduces risk.
Hybrid Architecture: The platform uses a mix of off-chain and on-chain elements.
- Off-Chain: Handles instant trade processing and matching for fast trade executions.
- On-Chain: Manages trade settlements to ensure secure and trustless transactions.
Efficient and Secure: This setup enables C3 to be both fast in performance and secure in transactions.
Multi-Chain Support: Users can trade and deposit assets from various blockchains using their preferred wallet. This flexibility is powered by smart contracts on the Algorand blockchain, ensuring trustless trade verification and settlement.

In summary, C3 Protocol offers a secure and efficient way to trade cryptocurrencies, maintaining user control over assets and supporting multiple blockchains for greater flexibility.

Team of C3 Protocol

Pablo Yabo

Co-Founder

Pablo Yabo

Co-Founder

Pablo Yabo, with a rich background in blockchain technology, co-founded C3.io and served as CEO of Rand Labs and CTO at both Algo Capital and CoinFabrik. His leadership across these organizations showcases his expertise in fintech and blockchain domains, well-supported by his Computer Science education from the University of Buenos Aires.

Funding of C3 Protocol

$9,600,000

Total Funds Raised

$9,600,000

Total Funds Raised

$6,000,000

Seed Round

$6,000,000

Seed Round

Led by Two Sigma Ventures. Other investors include: Jane Street Capital, Jump Capital, GoldenTree Asset Management, CMS Holdings, Hudson River Trading, Flow Traders, Cumberland.

$3,600,000

Funding Round

$3,600,000

Funding Round

Led by Arrington XRP Capitap and Jump Capital. Other investors iclude: GoldenTree Asset Management, ParaFi Capital, Mechanism Capital, Digital Currency Group, Borderless Capital, Cumberland.

C3 Protocol review

Pros

Asset Control

Users maintain control over their assets, reducing risks from centralized custody.

Diverse Chain Access

Trade and deposit on multiple blockchains, increasing accessibility.

Hybrid System

Blends off-chain efficiency with on-chain security for settlements.

Transparent Operations

On-chain verification ensures transparency and trust in operations.

Reduced Costs

Low transaction fees due to Algorand blockchain usage.

Cons

Contract Risks

Potential for bugs or vulnerabilities in smart contracts.

Third-Party Reliance

Depends on external protocols like Wormhole for cross-chain functions.

Regulatory Changes

Subject to uncertainties in cryptocurrency and trading platform regulations.

Opportunities

AirdropMainnet6 / 10

Minimal cost: ~20 USD

C3 Protocol

Participate in the C3 Protocol opportunity and earn C Points!

Start

AirdropTestnet6 / 10

Minimal cost: Free

C3 Protocol

With the conclusion of the testnet phase, the priority has shifted to the mainnet. To be eligible for the potential C3 Protocol airdrop, focus on mainnet activities.

Note that projects usually recognize and reward early adopters, including testnet users.

Start

Linity

C3 Protocol

What is C3 Protocol

Team of C3 Protocol

Funding of C3 Protocol

C3 Protocol review

Opportunities

C3 Protocol

C3 Protocol

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