Redline Dao
Beau Vallon, Mahé, Seychelles
Overview
Redline DAO has invested in digital assets and blockchain companies. We have ten years history of traditional finance investments. Founded in 2017, Redline DAO is a global investment fund focused on blockchain project research and has invested in more than 200 projects while achieving an overall return of more than 100 times. Redline DAO has invested in Polkadot, FTT, Algorand and Casper and also in partnership with Alameda Research, Binance, Chianlink, FTX, Kucoin, Bybit, Ouyi and Huobi.
- Total investments
- 5
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Blockchain
- Finance
- Venture Capital
Investment portfolio
- Vee Finance
Participated · Series B · Jan 2023
Vee.Finance is a DeFi cross-chain lending protocol built on Avalanche that provides collateralized loans, liquidity mining, and direct leveraged trading by integrating multiple DEXs. Its smart contracts have been audited by SlowMist and CertiK, and the project scheduled mainnet launch for September 14. The protocol aims to lower the barrier for traditional finance users to access DeFi through friendlier product UX and higher capital efficiency via integrated DEX order books. After the recent financing, Vee.Finance plans to add a limit-order system that traverses integrated DEX order books for automated matching and execution, expand support to additional public chains based on community demand, and integrate decentralized derivatives trading. The team also launched a pre-mainnet airdrop to reward users who tested the Farm feature; the airdrop totals 240,000 VEE and will be distributed to the top 4,000 users by Farm yield (snapshot on Sept 14, 16:00; event began Sept 12, 10:00).
- TwitterScan
Participated · Seed · Sep 2022
TwitterScan builds a decentralized social identification (DID) platform and a .NFT DID ecosystem for Web3 social infrastructure. The company is developing a social platform and DID tools intended to enable identity and social features across Web3 applications. It has established strategic partnerships with blockchain wallet providers including Token Pocket, BitKeep, KuCoin Wallet, OKX Wallet, ViaWallet and iToken Wallet. TwitterScan says it is supported by numerous top-tier crypto exchanges and will collaborate with social infrastructure projects to integrate DID functionality. The company intends to use the new funding to accelerate development of its DID ecosystem and expand its social platform initiatives. TwitterScan was founded by MetaScan Labs and is based in New York City.
- 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.
- Aura Network
Participated · Seed · Apr 2022
Aura Network is an ecosystem and NFT-centric layer-1 focused on accelerating global NFT adoption, building an "Internet of NFTs" and bringing NFT and Web3 to the masses. The project emphasizes support for NFTs, gaming, and sustainable DeFi and is positioned as a high-performance, developer- and user-facing chain. Aura is preparing for a Mainnet launch in Q1 2023 and its development team is building several new products with a 2023 roadmap to be announced. The company says the recently raised funds will be used for ecosystem expansion and to increase the number of global Web3 projects and products built within its ecosystem. Aura has formed strategic advisory relationships (including Republic Crypto) and says investor partners will advise on operations, product and business development, and marketing. The company is operating out of Hanoi, Vietnam. Aura Network is an NFT-dedicated layer-1 blockchain on the Cosmos ecosystem that aims to accelerate global NFT adoption by building interoperable infrastructure. It provides an open system designed to maximize NFT interoperability and integrate NFTs into the metaverse. The project is positioned as a solution to mass-adoption challenges by simplifying NFT access for non-crypto natives and expanding use cases for brands and general audiences. Aura intends to release its Testnet at the end of Q2 2022 and its Mainnet in Q3 2022. The founding team includes Tran Hoang Giang, FPT Software’s COO Tran Dang Hoa, and former Masan Group CIO Steve Nguyen. The company raised a USD 2.5M seed round to fund development, interoperability work, and community building.
- 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.
Team
Carlos Kang
Founding Partner
Kris Li
Founding Partner
Lola Xie
Founding Partner
Alyson Zhuang
Chief Brand Officer