Block Earner which confirmed $6.4 million in seed funding has finally launched

Australia is not far when it comes to cryptocurrencies and their adoption as recently, the authorities introduced several steps to boost crypto adoption in the nation. However, it is important to note that an Australian fintech firm called Block Earner has confirmed a seed funding round of $6.4 million which offers a fixed return of 7% to investors using the Decentralized Finance or DeFi technology. 

It is important to note that as soon as customers deposit their money into Block Earner, they are eligible to earn 7% fixed or up to 18% variable returns on their investments. The AUD deposited is converted into USDC stablecoin and customers can deposit and withdraw funds easily.

Block Earner deed round

In December 2021, Block Earner had confirmed a seed round where the firm had raised around $6.4 million in investment. Moreover, this funding round was joined by notable names in the crypto industry which includes Framework Ventures, Coinbase Ventures, DeFi Alliance, LongHash Ventures, and Kain Warwick, a veteran in the cryptocurrency industry. 

Survey Conducted

As per a recent survey which was conducted by Block Earner and Sydney-based market researcher Pure Profile, nearly 86% of Aussies have recognized the rampant inflation in the market right now and wonder if they will be able to make ends meet in the coming days. Moreover, it is also important to note that it is due to such a situation that Block Earner comes to the aid of investors. 

Charlie Karaboga, CEO and co-founder, Block Earner, added in his statement that “inflation is insidious in the way it impacts people, many of whom often delay their research into solutions to adapt financially. At the same time, those searching for solutions seem unable to find reliable and long-term alternatives to record-low interest rates. We want Block Earner to be an answer to this, but more importantly, we need to spread the word that Australians are losing money in the current climate, and need to financially brace themselves.”