COTI and Poolz Partner to Launch Privacy-Focused MomentumX Accelerator
Tel-Aviv, Israel, November 22nd, 2024, Chainwire
Web3 privacy layer COTI has announced that it has partnered with IDO platform Poolz to launch the MomentumX Accelerator. The accelerator will support ventures building on COTI’s tech stack via the MomentumX Boost Plan, this is a suite of services that give startups the resources they need to succeed.
The MomentumX Accelerator has been conceived to support sustainable growth of the COTI ecosystem. It will ensure that projects building with COTI’s flagship privacy technology, based on Soda Labs’ Garbled Circuits, are empowered to create innovative solutions within the Decentralized Confidential Computing (DeCC) space.
The collaboration between COTI and Poolz to form the MomentumX Accelerator will kickstart a wave of powerful applications that support confidential transactions, secured by COTI’s advanced privacy layer 2. Poolz will provide its Initial DEX Offering (IDO) infrastructure to the MomentumX Accelerator, giving projects building on COTI a leading platform on which to fundraise and bring their products to market.
COTI has committed to investing up to $1 million annually in qualifying projects, maximizing the prospects for accelerator participant’s to realize their full potential. In addition, COTI and Poolz will jointly collaborate on implementing MomentumX’s Boost Plan, a complementary initiative that will actively seek to source new projects and developers.
MomentumX Boost Plan includes initial grants and investments from COTI of up to $250,000 for promising privacy projects coupled with Poolz public launchpad exposure. Other services incorporated into Boost include influencer and KOL introductions, co-marketing across social media channels, business development, and partner introductions including leading investors, exchanges, and market makers.
Poolz’ strong track record in the crypto fundraising sector, coupled with COTI’s cutting edge technology and developer expertise, will give new ventures a substantial chance of success. The MomentumX Accelerator will grant developers and startups the resources they need to master COTI’s tech stack and create groundbreaking applications with privacy at their core.
Applications are now open for projects interested in joining the MomentumX Accelerator.
About COTI
The COTI Network is the fastest and lightest confidentiality layer in web3, powered by the breakthrough cryptographic protocol Garbled Circuits. COTI introduces the most advanced and compliant solution for data protection on the public blockchain, paving the way for the next wave of web3 innovation and adoption. COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
Learn more: https://www.coti.io/
About Poolz
Poolz is the leading decentralized fundraising platform enabling crypto’s most innovative projects to kick start their journey and grow their communities. Poolz allows users to make research-based decisions to participate in high-potential IDOs and empowers projects to raise funds before listing. Over the past four years, Poolz has established itself as a powerful force in the crypto crowdfunding world, raising over $47 million for 150+ Web3 startups, with an average of 4,000 active users per IDO.
Learn more: https://www.poolz.finance/
