Initial Funding Focus Tree Raises US$ 2 Million to Build Focus Application, Prepare Airdrop for Community!

Bittime - Focus Tree, Web3's social-focused app aimed at helping users overcome mobile addiction, has secured US$2 million in seed funding. The official announcement was made on May 18, 2024.

Securing Initial Funding Focus Tree 

This seed funding round was led by Sfermion, a renowned venture capital firm. They were joined by other investors including Volt Capital, Psalion VC, StarkWare, Typhon Ventures, and Foresight Ventures. 

This significant financial support highlights the growing interest in solutions that address excessive mobile phone use and encourage healthier digital habits.

Source: @focustree_App/X

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Focus Tree: Taking Back Control of Attention

Focus Tree's core mission is to empower users to manage their attention span and reduce dependency on smartphones. Details about the specific features and functions of their social-focused app are yet to be revealed. 

However, the company's focus on Web3 technology shows the potential for innovative solutions that leverage blockchain and decentralization principles.

Community Airdrop Coming Soon

Source: @focustree_App/X

Alongside the funding announcement, Focus Tree revealed the launch of the first phase of their community airdrop event. Airdrops are a common strategy in the cryptocurrency and blockchain space, where tokens or other digital assets are distributed to early adopters and community members.

Specifics of the Focus Tree airdrop, such as the types of digital assets distributed and eligibility criteria, will likely be revealed in the coming days. The announcement states that the airdrop will begin within 72 hours, encouraging interested users to stay tuned for further details from Focus Tree's official channels.

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Conclusion

With growing concerns around mobile phone addiction and growing interest in Web3 solutions, Focus Tree's approach has garnered initial financial support and community interest. The upcoming airdrop and launch of their social-focused app are developments to watch out for in the coming months.\

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements  of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.