Description

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.

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 the Project

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

$9,600,000

Total Funds Raised

$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

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

Overview

Review

Linity