COINQVEST is a set of encrypted payment API, a web-based invoice and payment management tool. It was announced today that it was selected as the top business of Stellar Seed Fund and won the first place selected by members of the Stellar Development Foundation and peers. Stellar ecosystem.
The final round consists of eight participants; each will receive a non-equity grant amount proportional to the number of votes received.
COINQVEST received 835,214 XLM (over $500K USD at the time of the award). Starting in August 2020, a total of 58 companies and blockchain projects have entered the nine-month competition.
Stellar Seed Fund
The Stellar Seed Fund aims to help companies and services start using Stellar. It focuses on supporting viable, profitable businesses, building products and utilities for the ecosystem.
In addition to funding emerging startups like COINQVEST, seed funds have brought countless benefits to participants.Importantly, for COINQVEST, it won the smaller Stellar Community Fund about a year ago, which allowed them to get EU Encrypted Payment Processing License.
“We are getting more and more attention, which also means to be able to demonstrate our advantages and practical functions as a digital currency/stable token payment provider. We are very grateful for the opportunity to become a member of the seed fund. For those who build projects on Stellar People who want to take their projects to a higher level, I cannot recommend them to participate.”
– Stefan Schneider, co-founder of COINQVEST