The blockchain and cryptocurrency space is expanding every passing day. One of the invariable outputs of a maturing industry is the unification of vital players to create impact faster, more efficiently and at scale. Striking such a collaboration, Precog Finance has announced a partnership with Sequoia DAO.
This unique partnership between Precog Finance, a futures ecosystem and automated basis trade aggregator, and Sequoia DAO, a DeFi focused investment community, translates into a strategic partnership between organizations who have been deeply involved in the decentralized finance space with elevated goals of making it better, now planning to do so together.
According to the involved parties in the deal, the partnership includes an undisclosed six-figure capital injection by Sequoia as well as the lending of expertise and human capital.
“We couldn´t be more excited to explore this partnership with Sequoia Dao. We have spent the last few months speaking heavily about the importance of community and leveraging the formation of Precog as an opportunity to explore new and innovative ways to create value for stakeholders,” says Johnathan King, the CMO of Precog Finance.
The Partnership at a Glance
Sequoia DAO is an organization of industry experts and analysts aiming to invest in promising projects across the blockchain and Web3 industries. The firm’s six areas of expertise include talent management, strategic marketing support and advising, business development and networking, community building and management, and education around investment and innovation.
In just a few short weeks much of this expertise has been applied and has proven valuable for Precog. Initial plans included the integration of the Sequoia community management team into Precog with the intention of adding value to the community. Having integrated, we have seen daily additions of trending news topics, chart analysis and even a few valuable arbitrage opportunities.
Moving forward the partnership plans to focus on successfully achieving key milestones along the roadmap including the sell out of the private round being held on Lemonadefi.com on May 20, 2022, exchange listings, and major partnership announcements. In addition to the hands-on efforts, Sequoia operates with advisors spread across the globe who will help Precog with strategy in multiple areas.
“As part of our collaboration with Sequoia, Precog will be able to expand its team by thirty highly experienced individuals from multiple backgrounds whose combined experience is in the millions in terms of actual value,” adds Johnathan King, the CMO at Precog Finance.
Overall, the partnership is expected to result in a considerable value for Precog, and assist the project in its mission to build its ecosystem of sustainable and profitable algorithms, automatic trade mechanisms, and a product that will deliver passive income to retail investors. In addition to the immediate value for Precog Finance, Sequoia DAO will gain value through what aims to be an extremely successful use case for their innovative way of investment.
Precog’s vision for a seamlessly unified space dealing with crypto traders and investors alike did impress Sequoia DAO. The group fell in love with Precog’s vision, experience, transparency and the features of being borderless and highly democratic.
The following months will show whether these qualities of Precog, amplified by the collaboration with Sequoia DAO, can successfully attract crypto investors and users to the community.
