According to Lama Group, many Latvian banks expressed interest in its offering and contributed $150,000 toward the creation of a web application.
The primary investor earned 15% of Lama Group Inc. under the terms of the agreement, with the option of raising the company’s interest to around 25% in 2023. There was also a requirement that the investor has the right to serve on the Lama Group Inc. board of directors.
All funds will be used to create a new, original decentralized web application. The app’s main purpose is to construct cross-chain bridges, which heavily relies on smart contracts. The business has lofty goals to get to the figure 1,000,000.
On August 20, the business welcomed Kirill Sagitov as its new CEO. Sagitov is a young and aspiring businessman and now serves as the CEO of Lama Group Inc. Additionally, Kirill is a founding member of the renowned investing company Alpaca Fund.
The fund’s goal is to unite hundreds of the top investors from around the globe and inspire them to support many initiatives with significant potential. There are no geographical restrictions on the fund.
Online transfers of transactions serve as a venture capital market. All recipients and senders will find this convenient because nobody can follow them.
According to Kirill Sagitov, “building a decentralized web application with no liquidity pool where all tokens would be sold. The program will be able to measure cross-chain axis and save time and money “