Crypto angel investment platform Echo raises $300,000 for Ethena

BlockBeats news, on April 1, according to The Block, the crypto angel investment platform Echo has completed its first transaction. The transaction was led by cryptocurrency trader Ser Shokunin, allowing Echo users to invest in the synthetic U.S. dollar protocol Ethena. The most recent private placement was for Ethena. ’s FDV valuation is US$600 million, but Echo platform transaction participants received tokens at Ethena’s previous valuation of US$300 million. The offer, open to approximately 580 investors from the Shokunin Group, comes just days before Ethena unveiled plans for its latest airdrop of 750 million ENA tokens, representing 5% of the token’s total supply. BlockBeats previously reported that on March 30, well-known cryptocurrency trader Jordan Fish (pseudonym Cobie) announced that his newly created crypto angel investor platform Echo has begun beta testing. The platform is dedicated to bringing crypto investors together to participate in crypto projects through collective investment.