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GLITCH, a Hong Kong based Blockchain startup developing a super protocol purpose-built to facilitate trustless money markets has announced that Spark Digital Capital has invested in the startup’s seed funding round.

Although the amount has not been disclosed, it is believed to be substantial and in line with the fundraising targets set by the startup.The funds raised are meant to fuel the development and go-to-market road maps of the GLITCH Protocol set to go live some time in Q1 2020.

GLITCH is developing a brand new blockchain dedicated to decentralised financial products and built with scaling and profit sharing at its core. GLITCH is led by a team of seasoned blockchain professionals and prominent advisors who have come together to deliver a new breed of DeFi “Operating Software” free from the shortcomings of existing chains.

The Protocol offers high transaction throughput, near-zero transaction fees and a profit sharing model that is appealing to investors, dApp developers and end users.

Spark is a research focused crypto fund that invests in the future of blockchain and tech.

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