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The Venture Codex

Hotbit

Shanghai, China

Overview

Hotbit the cryptocurrency trading platform that lists the world's greatest number of cryptocurrency projects. Hotbit support, hotbit customer care

Total investments
5
Lead investments
0
Investments · 12mo
0
Active investors
1

Sector focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
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Investment portfolio

  • Arcade

    Participated · Seed · Oct 2022

    Arcade operates a web3 gaming platform designed to democratize blockchain gaming by removing the high upfront cost of purchasing native NFTs such as land or character assets. Through its Mission Pools, community members—known as “Arcadians”—can contribute capital and share in play-to-earn yields, while designated operators handle the in-game activity across multiple chains. This model opens GameFi participation to passive users who lack the time or gaming skills to earn directly. The company positions itself as a bridge between DeFi and GameFi, offering exposure to blockchain gaming ecosystems for both casual spectators and avid gamers. Backers such as Solana Ventures highlight Arcade’s role in connecting DeFi yield generation with gaming incentives on Solana. Arcade plans to use newly raised capital to accelerate product development and expand access to global users. No operating metrics, revenue figures, founding year, or headquarters location were disclosed in the articles.

  • Bitcoke

    Participated · Equity · May 2022

    BitCoke Exchange is a centralized cryptocurrency exchange focused on derivatives trading. It is regarded as the world's first Quanto swap crypto exchange and offers trader‑centric features such as fair matching, fast execution, and low fees. Original products include its Quanto swap, proprietary chart, and fund management system, which have made it popular among traders, funds, and asset management firms. BitCoke has long ranked in the top 10 by volume on the CoinMarketCap derivatives marketplace. In early 2022 the exchange raised $20 million in a strategic private round to accelerate development and to design features connecting centralized exchanges (CEX) with decentralized exchanges (DEX), and to promote its native token. Company leadership said the institutional investment underscores BitCoke's growth potential and will help explore merging CEX and DEX models.

  • Torum

    Participated · Equity · Apr 2021

    Torum is a Web3 SocialFi Metaverse ecosystem built around a social media platform with over 120,000 users. Its core product bundles social features with an interactive yield farming platform, an NFT marketplace, and the Torum Avatar NFT as a PFP Metaverse identity. The project announced an ambition to expand into the Metaverse and NFT space on September 27, 2021 and is building an immersive, interactive SocialFi Metaverse. Torum has attracted strategic investments from crypto investors, enabling it to pursue platform development and partner integrations. The partnership with KuCoin Labs is intended to provide access to exclusive partners and premium services such as blockchain technical support and legal advice. The company presents itself as an integrated destination for social, DeFi, NFT and Metaverse use cases for crypto users. Torum is a DeFi- and NFT-integrated social media platform based in Kuala Lumpur, Malaysia, led by CEO & founder Yi Feng Go. The platform targets cryptocurrency users and has accumulated over 64,000 enthusiasts across countries including the U.S., Canada, Latvia, Spain, Germany, France, Poland, and Malaysia. Torum has released a strategic ecosystem expansion plan prioritizing construction of a crypto ecosystem and core features such as an NFT launchpad (INO), a social-infused NFT marketplace, airdrops, a news aggregator, Torumgram (a Telegram bridge), and an audio-only Lounge for AMAs. The company is backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital and some 15 other crypto VCs. On Oct. 8, 2021 Torum received a strategic investment from Huobi Ventures HECO Fund; the amount was not disclosed. As part of the deal Huobi Ventures will provide access to exclusive media partners, community building, and project connections to expand Torum’s ecosystem outreach. Torum is a social media platform for cryptocurrency users built on Binance Smart Chain that integrates NFT and DeFi functionalities. Launched July 1, 2020 and based in Kuala Lumpur, Malaysia, the platform emphasizes gamification and token utility to engage users. Torum's native token XTM is used across the ecosystem for at least 10 purposes, including gift purchases, content boosting and NFT trading. The company reports over 29,000 users and a top 50,000 Alexa Rank, positioning it as an active crypto community hub. Torum says ecosystem-generated revenue will be redistributed back to the community through various gamified methods. With VC backing, the team plans to continue building NFT and DeFi use cases and to act as an adoption bridge connecting mainstream users to the crypto industry.

  • ETHA

    Participated · Equity · Mar 2021

    ETHA Lend is a yield optimizer protocol designed to provide automated yield allocation across the Ethereum and Polkadot DeFi ecosystems. The protocol is governed by $ETHA token holders and is powered by an algorithm that selects optimal yield opportunities for liquidity providers. The algorithm is constructed to understand the precise circumstances of a liquidity provider and supply events, aiming to protect users from high transaction costs, market limitations, and asset volatility. ETHA Lend’s smart contracts are being audited by Certik. The company is led by founder Chester Bella. The recent funding will be used to accelerate development toward the protocol’s mainnet launch scheduled for Q2 2021.

  • Metis

    Participated · Seed · Mar 2021

    Metis builds a Layer 2 Ethereum rollup (Metis Rollup) aimed at improving scalability, decentralization, and user experience for DeFi and NFT applications. The protocol has launched an alpha testnet, registering 12,632 wallets, 6,856 DACs and 166,859 on-chain transactions in three weeks. Capital from the recent growth round will fund the release and promotion of Metis Rollup and further roadmap execution. The team emphasizes bringing L2 scalability specifically to NFT marketplaces and broader Web 3.0 decentralized economy use cases. Metis is preparing a METIS token initial decentralized exchange offering on PAID Network’s IGNITION launchpad and Gate.io on May 13, 2021. Financially, the project has raised $4 million in a growth round from blockchain-focused VCs and $1 million in prior angel investments (totaling $5 million before the IDO). Metis is building a governance- and management-mechanism-embedded Layer2 protocol to support application migration from Web2 to Web3. The protocol is tailored for collaboration and enables Web2 communities to create decentralized companies, launch DApps and manage business activities with an Optimistic Governance mechanism. Metis built its tech stack by hard-forking the Optimistic Rollup (OR), tailoring OR for managing collaborations and providing tools to build trust among collaborators. Founded in 2018 by Elena Sinelnikova, Kevin Liu and Yuan Su, the company raised $1M in seed and angel funding. The funds will be used to release a new Layer2 DAO framework at the end of March. CEO Elena Sinelnikova's role at CryptoChicks is cited as bringing blockchain education and community expertise to Metis's mission.

Team

  • Fawn Fang

    Chief Investment Officer