Global decentralized finance platform <a href="https://fwx.finance/">FWX</a> developed an innovative protocol for derivative trading that matches long and short positions without a limit order book or reliance on market makers. FWX received an investment from Blizzard the Avalanche Fund to help launch the new protocol on FWX Finance in the second quarter of 2023. 







Chanon Jaratsuttikul, Co-Founder and CEO of FWX said,



<blockquote class="wp-block-quote">
We are excited to share that FWX has received investment from Blizzard, an Avalanche-focused venture capital fund. This investment will allow us to accelerate the development and growth of our platform, bringing new and innovative solutions to the crypto and DeFi industry. We are thrilled to be part of the Avalanche ecosystem, and we plan to leverage Avalanche&#8217;s fast transactions and high scalability to provide a seamless user experience. We look forward to collaborating with Blizzard and other partners to unlock the potential of the Avalanche platform, and to bring FWX to users around the world.
</blockquote>



Blizzard’s Kasper Jao said,



<blockquote class="wp-block-quote">
FWX’s innovative protocol suite provides opportunity to expand access to DeFi in the burgeoning Southeast Asian market.
</blockquote>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">About Blizzard</h2>



Blizzard Fund is a New York-based venture capital fund managed by AVA Labs that targets cryptocurrency industries. Blizzard Fund is dedicated to accelerating development and growth across the ecosystem of Avalanche and beyond, with over $200M in funding.



<h2 class="wp-block-heading">About FWX</h2>



FWX Decentralized Finance (DeFi) is a Global DeFi platform that&#8217;s developing a protocol for decentralized derivative trading called Automated Position Hedger (APH) which matches long or short positions with no need to rely on a middleman or market maker. Two main services synergize to distribute rewards from real demand and create a sustainable ecosystem platform.

FWX Secures Investment from Avalanche Fund Blizzard

FWX Secures Investment from Blizzard the Avalanche Fund to Accelerate Platform Development

We are excited to announce that FWX will now be leveraging <a href="https://www.chainalysis.com/" target="_blank" rel="noreferrer noopener">Chainalysis</a>, the blockchain data platform, to monitor transactions, evaluate source of funds through a proactive compliance strategy and effectively, build trust with customers. With Chainalysis data, FWX will be able to deliver the best user experience on our secure and compliant platform, <a href="https://fwx.finance/">fwx.finance</a>.



FWX has chosen to utilize Chainalysis’ data platform and software to reduce our potential exposure to malicious activity. As Chainalysis’ data platform is also used by law enforcement, financial institutions and crypto businesses around the world, we will be leveraging the same core data sets that are used by government agencies to regulate the industry, for our compliance and transaction monitoring capabilities.&nbsp; 



<blockquote class="wp-block-quote">
Credibility and security are very important to the sustainable growth of the <a href="https://fwx.finance/learn/article/what-is-defi" target="_blank" rel="noreferrer noopener">DeFi</a> industry and especially when providing decentralized services to users. Our customers are a priority for us at FWX, and we aim to instill a sense of confidence and security when customers engage with FWX’s platform. We are delighted to be working with Chainalysis to ensure that our platform is compliant and equipped with the right tools to manage risks.
<cite>Mr. Chanon Jaratsuttikul, FWX’s Co-Founder and Chief Executive Officer</cite></blockquote>



<blockquote class="wp-block-quote">
DeFi is one of the fastest-growing, most compelling areas of the cryptocurrency ecosystem, and there is no other area that embodies transparency as DeFi does. That said, this same transparency is what makes DeFi vulnerable, and the ability to track and trace funds is no longer a nice-to-have. We are excited to be empowering FWX with the blockchain analysis tools to launch their fwx.finance platform with capabilities to monitor transactions, identify potentially suspicious activity, and address it appropriately, while building trust with their customers and the larger DeFi ecosystem.
<cite>Joshua Foo, Regional Director, ASEAN &amp; Central Asia at Chainalysis</cite></blockquote>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



About FWX



FWX is a Decentralized Derivatives Platform, built on EVM based chains, that allows users to anticipate price direction or hedge their risk against price fluctuation using an advanced protocol named the Automated Position Hedger. FWX also offers two main services: a decentralized derivative exchange (DDEX) and lending and borrowing pool (LBPs). FWX aims to be the leading decentralized derivative platform which offers derivatives on a variety of underlying assets and revolutionizes the way people are trading.



About Chainalysis



Chainalysis is the blockchain data platform that provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. The data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely.

FWX Strengthens compliance with Chainalysis

<div style="height:7px" aria-hidden="true" class="wp-block-spacer"></div>



We would like to announce the rebrand of our platform from Forward to <a href="https://fwx.finance/" target="_blank" rel="noreferrer noopener">FWX</a>.



The purpose of this rebrand is to convey a better understanding of the product and to be more recognizable. FWX is the combination of Forward &#8220;FW&#8221; and &#8220;X&#8221; is the represent of &#8216;eXcellence&#8216; and &#8216;eXperience&#8216; which are our mission. We aim to be excellence in the industry and give the best experience to our users.&nbsp;



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="512" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/fwx-rebranding-announcement-1024x512.jpg" alt="" class="wp-image-282" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/fwx-rebranding-announcement-1024x512.jpg 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/fwx-rebranding-announcement-300x150.jpg 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/fwx-rebranding-announcement-768x384.jpg 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/fwx-rebranding-announcement-1536x768.jpg 1536w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/fwx-rebranding-announcement-2048x1024.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



And lastly, we would like to update our progress. Currently FWX is under stage 3 of auditing by <a href="https://peckshield.com/" target="_blank" rel="noreferrer noopener">Peckshield</a> and we aim to launch the project in the second quarter of this year.



<div style="height:7px" aria-hidden="true" class="wp-block-spacer"></div>



Mr. Chanon Jaratsuttikul, FWX’s Co-Founder and Chief Executive Officer, said, 



<blockquote class="wp-block-quote">
This change in the brand name reiterates the position of the platform and allows our users to understand and more easily use the product we are working on. Although many people view DeFi as in a downturn, in reality it gives the development team, including FWX itself, some time to focus and develop this product fully, and this change will become one of the important pages in our company&#8217;s history, and allow us to build on other new products in the future as well.
</blockquote>



<div style="height:7px" aria-hidden="true" class="wp-block-spacer"></div>



Assistant Prof. Udomsak Rakwongwan Ph.D., Co-Founder and Advisor of FWX, added, 



<blockquote class="wp-block-quote">
FWX is committed to making the DeFi platform safe, accessible and sustainable. FWX has now passed a technical audit from two well-known companies, <a href="https://valix.io/" target="_blank" rel="noreferrer noopener">Valix</a> and <a href="https://inspex.co/" target="_blank" rel="noreferrer noopener">Inspex</a>, and are currently conducting security audits with a third company, Peckshield, a globally trusted auditor, as well as creating its own wallet designed to work with the platform in order to reduce the difficulty and increase the convenience of access. More than that, FWX uses a model of reward distribution to users in the form of &#8220;Real Yield&#8220;, where the money used as a return will come from the profit from the business model of the platform, aiming for the platform to grow rapidly and sustainably.
</blockquote>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<a href="https://fwx.finance" target="_blank" rel="noreferrer noopener">Website</a> | <a href="https://twitter.com/fwxfinance" target="_blank" rel="noreferrer noopener">Twitter</a> | <a href="http://t.me/fwxfinance" target="_blank" rel="noreferrer noopener">Telegram</a> | <a href="https://t.me/forwardcommunity" target="_blank" rel="noreferrer noopener">Telegram (Chat)</a> | <a href="https://www.facebook.com/defi.forward.official" target="_blank" rel="noreferrer noopener">Facebook</a> | <a href="https://discord.gg/6t3HvPBFUE" target="_blank" rel="noreferrer noopener">Discord</a>

Introducing FWX: Rebranding Announcement

We are excited to announce that Kyber Ventures has joined the long journey with Forward with an undisclosed amount in the valuation.



<a href="https://forward.market/">Forward</a> is founded by a group of developers and tech researchers. The founders’ prior success was the launch of a well-known regulated crypto exchange in Thailand. Forward is currently developing a newly invented protocol for decentralized derivative trading, where short and long positions are matched against each other using an advanced protocol named <a href="https://fwx.finance/aph">Automated Position Hedger (APH)</a>. Forward DDEX acts as a counterparty to instantly match users&#8217; long and short perpetual Futures orders. As a result, Forward does not have limit order books and does not require market makers. The risk of the platform acting as a users&#8217; counter-party is completely hedged using the tokens in the lending and borrowing pools.



According to <a href="https://twitter.com/DSChanonCanon">Chanon Jaratsuttikul</a> our CEO and Co-founder said&nbsp;



<blockquote class="wp-block-quote">
Forward is inherently designed to be one of the next levels of DeFi among the Web3 battlefield. We aim to not only deliver a sustainable DeFi platform but also bring out new financial products that everyone around the world can access in the easiest way possible. The strategic support of Kyber would help us further evolve and empower our ecosystem and we are honored and delighted to make this announcement with Kyber, one of the world’s leading DeFi Project
</blockquote>



<a href="https://loiluu.com/">Loi luu</a> , Founder and Chairman of Kyber Ventures said



<blockquote class="wp-block-quote">
The recent FTX bankruptcy and several centralized players&#8217; collapse proved the need for DeFi. Kyber has been working hard for crypto and public blockchains&#8217; mass adoptions for the last 5 years and we are glad to have opportunities to support early-stage crypto Dapps like Forward to achieve our vision together.



Forward developed this new solution called Automated Position Hedger (APH) allowing the instant matching of users’ long and short perpetual future orders without the need for market makers and limit order books on a simple user interface. We believe Forwards unique approaches would bring innovation to the current decentralized derivative space and takes us one step closer to DeFi mass adoptions.
</blockquote>



With their insight, experience, and great advice will help Forward in all stages since product development to go to the global market efficiently.



This is an important milestone for the Forward team. We are thrilled to be building a core component of the decentralized financial ecosystem with our strong partners and investors.



<h2 class="wp-block-heading">About Kyber Ventures</h2>



<a href="https://www.kyber.ventures/">Kyber Ventures</a> is the investment arm of Kyber Group, a Web3 Tech focused group with popular products including a leading <a href="https://kyberswap.com/">KyberSwap</a> DEX &amp; an all-in-one non-custodial web3 wallet Krystal. Kyber Ventures, founded and run by an OG web3 builder, wanted to support the entrepreneurs to build the next giants of the decentralized world.

Forward has raised Fund from Kyber Ventures

Forward has raised Fund from Kyber Ventures, aims to support a new player in DeFi ecosystem

Forward aiming to build a Crypto &amp; Blockchain community where anyone can share ideas and opinions about the business. It would be great if we have you as our guest for 2 hours of the party.



Also, we have Special guests to update their projects in year 2023



<ul>
<li>Joshua Foo &#8211; Regional Director (ASEAN and Central Asia) at Chainalysis</li>



<li>Diane Dai &#8211; Co-Founder &amp; CMO at DODO Labs</li>



<li>Joy Pokkamol &#8211; Community Manager at Chainlink Labs</li>



<li>Punanont(Peak) P. &#8211; Venture Associate at Varys Capital</li>



<li>Woraphot Kingkawkantong &#8211; Head of Investment at Beacon Ventures</li>



<li>Kampanat Vimolnoht &#8211; Executive Director at Kasikorn X</li>



<li>Tanawat Boonpanya &#8211; Head of Investment at Krungsri Finnovate</li>



<li>Jon Russell &#8211; Partner at Crypto.com Capital</li>



<li>Tascha Punyaneramitdee &#8211; Co-founder &amp; CEO at Alpha Venture Dao</li>



<li>Supavat Cholvanich, Co-founder &amp; Partner of PrimeStreet Capital</li>
</ul>



And more exciting activities are awaiting.



🔶 Limited 100 seats only!



🍻 Free 2 glasses of beer and snack!



See you there. ▶️ Register here: <a href="https://www.eventpop.me/e/14103">https://www.eventpop.me/e/14103</a>

FORWARD NETWORKING PARTY 2022

FORWARD NETWORKING PARTY | Side event of Blockchain Thailand Genesis 2022

We are thrilled to announce that we have raised $5 million in seed funding round led by RPVAF-1, a global VC fund under PrimeStreet Capital, with participation from Beacon Venture Capital from Kasikornbank, KASIKORN X from Kasikornbank, Krungsri Finnovate from Bank of Ayudhya, a member of the Mitsubishi UFJ Financial Group (MUFG) and also together with Ratanakorn Technology Group, GBV Capital, Varys Capital and Zipmex who have confirmed their investments earlier in this round.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="589" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1024x589.jpg" alt="Founder, Co-founder and Advisor of forward" class="wp-image-158" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1024x589.jpg 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-300x173.jpg 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-768x442.jpg 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1536x883.jpg 1536w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-2048x1178.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Chanon Charatsuttikul, Co-founder and CEO, said



<blockquote class="wp-block-quote">
“I believe that there is hope for Thailand to become a center of innovation and technology. We have investors who are ready to support new talents. The closing of this seed round, for me, is the beginning of a big challenge for the team to maximize our potential and grow the organization and help make Thailand stand out as a country of innovation, just like western countries.



The majority of trading volume occurs at Binance, the world’s largest crypto exchange, and it mainly comes from derivative products. The trading volume of derivative products is approximately 3 times larger than the spot volume and it is still growing. Thus, Forward is focusing on developing a decentralized derivative platform, which is non-custodial with a system that prohibits transactions from sanctioned countries and addresses. We have a strong team backed by PhDs working day and night to develop a newly invented protocol, called the Automated Position Hedger (APH), which is unlike anything seen before. In addition, we always take it very seriously in terms of legal issues, accounting standards, and the safety of the investors’ assets.”
</blockquote>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="680" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/forward-founder-1024x680.jpg" alt="Em Udomsak Rakwongwan and Beam Chanon Charatsuttikul" class="wp-image-159" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/forward-founder-1024x680.jpg 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/forward-founder-300x199.jpg 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/forward-founder-768x510.jpg 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/forward-founder-1536x1020.jpg 1536w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/forward-founder-2048x1360.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Asst. Prof. Udomsak Rakwongwan Ph.D, Co-founder and Advisor, said



<blockquote class="wp-block-quote">
“We aim to develop Forward to be a ‘One Stop Service’ protocol, solving limitations and pain points in DeFi economy. It will be a secure and easy-to-use platform where users can earn sustainable investment returns. This means that the return generated to investors is a result of a solid and sustainable business model that was carefully designed for long-term operation.”
</blockquote>



Supavat Nam Cholvanich, Co-founder and Partner of PrimeStreet Capital, the lead investor of this round, said



<blockquote class="wp-block-quote">
“With our financial background, we have a good interest in financial-related blockchain technology. Digital asset is a high volatility landscape, and we highly emphasize the importance of safety and sustainability of the protocol. We believe Forward is well set up and its DeFi platform should easily navigate through market volatility and grow sustainably in the digital asset world.”
</blockquote>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1-1024x683.jpg" alt="Group short Forward's founder, co-founder and advisor" class="wp-image-160" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1-1024x683.jpg 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1-300x200.jpg 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1-768x512.jpg 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1-1536x1024.jpg 1536w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/venture-capitals-1-2048x1365.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<h2 class="wp-block-heading">About Forward</h2>



Forward is a digital asset and blockchain startup, founded by a group of developers and tech researchers. The founders’ prior success was the launch of a well-known regulated crypto exchange in Thailand. Forward is currently developing a newly invented protocol for decentralized derivative trading, where short and long positions are matched against each other using an advanced protocol named Automated Position Hedger (APH). Forward DDEX acts as a counterparty to instantly match users’ long and short perpetual Futures orders. As a result, Forward does not have limit order books and does not require market makers. The risk of the platform acting as a users’ counterparty is completely hedged using the tokens in the lending and borrowing pools.



<h2 class="wp-block-heading">About PrimeStreet Capital</h2>



PrimeStreet Capital is a Southeast Asia-based global fund management company with a current AUM of $150 million. The firm manages three flagship funds, including real estate PE, growth PE, and global VC. The RPVAF-1, its global VC fund, has invested in several impact technology companies around the globe.



<hr class="wp-block-separator has-alpha-channel-opacity"/>



Website | <a target="_blank" rel="noreferrer noopener" href="http://t.me/forward_official">Telegram</a> | <a target="_blank" rel="noreferrer noopener" href="https://t.me/forwardcommunity">Telegram (Chat)</a> | <a target="_blank" rel="noreferrer noopener" href="https://twitter.com/DefiForward">Twitter</a> | <a target="_blank" rel="noreferrer noopener" href="https://www.facebook.com/defi.forward.official">Facebook</a> | <a target="_blank" rel="noreferrer noopener" href="https://discord.gg/6t3HvPBFUE">Discord</a>

Forward Raises $5 Million in Seed Funding Round

<h2 class="wp-block-heading">WHAT WAS FORWARD MOVING IN JUNE 2022</h2>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Forward Update: June 2022" width="500" height="281" src="https://www.youtube.com/embed/YrvEPLLZbfM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<h3 class="wp-block-heading">🔸&nbsp;New logo</h3>



✅ We are excited to announce that we are rebranding with a new logo as part of the ongoing evolution of our company’s brand to be more mature and more innovative. We’re also working on releasing a new interface soon. Stay tune!



<h3 class="wp-block-heading">🔸&nbsp;Campaigns</h3>



✅ <a href="https://fwx.finance/campaign/article/guess-what-forward-campain">Guess What?</a> Try to figure it out what is in the picture? The picture will be randomly added to the general-chat on Discord or Telegram community. The fastest will win the game. ✅ <a href="https://fwx.finance/campaign/article/forwordle-game">Forwordle</a> The popular game of the time has come, just like Wordle but this time we collect the crypto and technology vocabulary to have fun. The game will start 12.00 PM (UTC)everyday.



<h3 class="wp-block-heading">🔸&nbsp;CSR Campaign</h3>



✅ Forward Labs has collaborate with NFT artist LUNGtiger to share their knowledge of blockchain technology and create opportunities for NFT works by the youth at the College of Arts, Media and Technology, Chiang Mai University.



<h3 class="wp-block-heading">🔸&nbsp;Collaboration</h3>



✅ When NFT artist collaborate with tech company, LUNGtiger x Forward Bear, what is gonna be?



<h3 class="wp-block-heading">🔸&nbsp;<a href="https://www.facebook.com/forwardlabs.official/posts/pfbid0mM6j6DomWJFarmmAvZxwjVzH5FLBdgFRDFYRd1dDpBRd1eQb5p9hD1X6eJqWc5yVl">Event</a></h3>



✅ Forward has visited Chiangmai for the first time at the Chiangmai Web3 City &amp; Metaverse event. It was the first time for a meet up with like minded, success driven technology companies.



<h3 class="wp-block-heading">🔸&nbsp;Product Updates</h3>



✅ Lending, Borrowing, and Membership feature are ready to be tested by everyone. STAY TUNE!!!



☘️ We hope you had a great month in June. ☘️

Forward Update: JUNE 2022

<h2 class="wp-block-heading">WHAT WAS FORWARD MOVING IN MAY 2022</h2>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Forward Update: MAY 2022" width="500" height="281" src="https://www.youtube.com/embed/9ZLaKrgPWhA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div></figure>



<h3 class="wp-block-heading">🔸 Announcements </h3>



✅ Forward integrated with <a href="https://chain.link/">Chainlink</a> Price Feeds and Keepers to help power its DeFi Exchange and Lending and Borrowing Protocol.<a href="https://fwx.finance/blog/forward-is-integrating-chainlink-price-feeds" target="_blank" rel="noreferrer noopener"></a>



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_6VmEYpK75SrNva6_CSYD-w-1024x576.png" alt="" class="wp-image-118" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_6VmEYpK75SrNva6_CSYD-w-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_6VmEYpK75SrNva6_CSYD-w-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_6VmEYpK75SrNva6_CSYD-w-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_6VmEYpK75SrNva6_CSYD-w.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



✅ Forward was proud to announce that Forward raised funding from <a target="_blank" rel="noreferrer noopener" href="https://web.archive.org/web/20230215063007/https://zipmex.com/">Zipmex</a> Group in Pre-Series A round.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ND79A9RT3WJ-1ndbMQv0Tg-1024x576.png" alt="" class="wp-image-119" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ND79A9RT3WJ-1ndbMQv0Tg-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ND79A9RT3WJ-1ndbMQv0Tg-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ND79A9RT3WJ-1ndbMQv0Tg-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ND79A9RT3WJ-1ndbMQv0Tg.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a target="_blank" rel="noreferrer noopener" href="https://fwx.finance/blog/forward-funding-zipmex"></a>



<h3 class="wp-block-heading">🔸 Speakers🔸</h3>



✅ Our CEO — <a target="_blank" rel="noreferrer noopener" href="https://www.facebook.com/search/top?q=beam%20chanon">Chanon Charatsuttikul</a> — &amp; Co-founder — <a target="_blank" rel="noreferrer noopener" href="https://www.facebook.com/udomsak.em">Udomsak Rakwongwan</a> Ph.D., shared their opinion on Web 3 in the Zipmex “What the heck is Web 3?” event.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_J-GPUPXjWHq4tLILC1P5rw-1024x576.png" alt="" class="wp-image-120" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_J-GPUPXjWHq4tLILC1P5rw-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_J-GPUPXjWHq4tLILC1P5rw-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_J-GPUPXjWHq4tLILC1P5rw-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_J-GPUPXjWHq4tLILC1P5rw.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a target="_blank" rel="noreferrer noopener" href="https://www.facebook.com/akalarpyimwilai/videos/3082869028631817"></a>



✅ In the Chainlink Bangkok Meetup #5, our session talked about “A Secure and Automate Position Hedger for Defi: Tool for Future Futures”



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ahg21KJ1JbVN5BIy7_jRrQ-1024x576.png" alt="" class="wp-image-123" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ahg21KJ1JbVN5BIy7_jRrQ-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ahg21KJ1JbVN5BIy7_jRrQ-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ahg21KJ1JbVN5BIy7_jRrQ-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_ahg21KJ1JbVN5BIy7_jRrQ.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a target="_blank" rel="noreferrer noopener" href="https://www.facebook.com/groups/263687348541123/permalink/550394266537095/"></a>



<h3 class="wp-block-heading">🔸 Campaigns🔸</h3>



✅ <a href="https://fwx.finance/campaign/article/t2e-campaign-1-forward-new-ui">Test to Earn #1 : Forward New UI</a> Tested the Forward New UI version of Trading, Lending, and Borrowing; the lucky 500 got 1,000,000 Forward tokens.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_f5V4nFQXHw2TnScdVlQ2Hw-1024x576.png" alt="" class="wp-image-122" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_f5V4nFQXHw2TnScdVlQ2Hw-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_f5V4nFQXHw2TnScdVlQ2Hw-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_f5V4nFQXHw2TnScdVlQ2Hw-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_f5V4nFQXHw2TnScdVlQ2Hw.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://fwx.finance/blog/t2e-campaign-1-forward-new-ui" target="_blank" rel="noreferrer noopener" class="broken_link"></a>✅ <a href="https://fwx.finance/campaign/article/category-games">Category games</a> You challenged yourself by guessing three words every day on our <a href="https://discord.com/invite/6t3HvPBFUE">Discord</a> or <a href="https://t.me/+yzeGih6C5BxjNTFl">Telegram</a> chats. Prepare your BNB smart chain, guy!



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_0wISPSGiSO0EbMVwKJQEEQ-1024x576.png" alt="" class="wp-image-124" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_0wISPSGiSO0EbMVwKJQEEQ-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_0wISPSGiSO0EbMVwKJQEEQ-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_0wISPSGiSO0EbMVwKJQEEQ-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_0wISPSGiSO0EbMVwKJQEEQ.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://fwx.finance/blog/category-games" target="_blank" rel="noreferrer noopener" class="broken_link"></a>✅ <a href="https://fwx.finance/campaign/article/forward-free-pizza-campaign">Bitcoin Pizza Day</a> Everyone knows what happened on 22nd May. To commemorate Bitcoin Pizza Day, we let you eat pizza for free because we paid for it!



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_qRrg-tf9Cubec_ibZ7hi7g-1024x576.png" alt="" class="wp-image-128" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_qRrg-tf9Cubec_ibZ7hi7g-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_qRrg-tf9Cubec_ibZ7hi7g-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_qRrg-tf9Cubec_ibZ7hi7g-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_qRrg-tf9Cubec_ibZ7hi7g.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<h3 class="wp-block-heading"><a href="https://fwx.finance/blog/forward-free-pizza-campaign" target="_blank" rel="noreferrer noopener" class="broken_link"></a>🔸 Product Updates🔸</h3>



✅ Trading Platform We enhanced the protocol by including features which should be beneficial to both users and the <a href="https://fwx.finance/aph">protocol</a>. For example, a user submitting a 1x long position does not need to borrow any tokens from the LBP. This means that going long 1x is essentially the same as buying a token where the smart contract becomes a custodian.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_KNmrNEnXKVbaBKk8k3y4xw-1024x576.png" alt="" class="wp-image-129" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_KNmrNEnXKVbaBKk8k3y4xw-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_KNmrNEnXKVbaBKk8k3y4xw-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_KNmrNEnXKVbaBKk8k3y4xw-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_KNmrNEnXKVbaBKk8k3y4xw.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



✅ Technical Audits Having performed internal testing on the Lending &amp; Borrowing and Forward membership features, the two features are on the way for external auditing. We have already contacted multiple technical auditors to begin the auditing process and are still searching for top smart contract auditing companies.



<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="576" src="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_7YHwC0Lv5bD-1Ot734i7KQ-1024x576.png" alt="" class="wp-image-127" srcset="https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_7YHwC0Lv5bD-1Ot734i7KQ-1024x576.png 1024w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_7YHwC0Lv5bD-1Ot734i7KQ-300x169.png 300w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_7YHwC0Lv5bD-1Ot734i7KQ-768x432.png 768w, https://wordpress.forwardx.space/wp-content/uploads/2023/02/1_7YHwC0Lv5bD-1Ot734i7KQ.png 1400w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



☘️ We hope you had a great month in May.&nbsp;☘️

Forward Update : MAY 2022

<a href="https://forwardx.finance/">Forward</a>, a Thai fintech project operating in the field of blockchain and investment, has raised additional fundraising investment from <a href="https://web.archive.org/web/20230215063007/https://zipmex.com/" target="_blank" rel="noreferrer noopener">Zipmex</a> Labs (a Zipmex Group business unit), a part of a series of investments aimed at promoting and supporting blockchain projects and entrepreneurs looking to transform the crypto ecosystem through innovative business ideas.



Chanon Charatsuttikul, Co-Founder and Chief Executive of Forward Holdings, said



<blockquote class="wp-block-quote">
“Everyday, the derivatives digital asset market is gaining momentum in driving the global economy. The pre-series A funding round will help develop financial products technology as well as allow the company to invest in another essential aspect — Forward’s community building. This investment extends our global network of alliances and connects the Centralized and Decentralized worlds to take a step closer to being a leading Thai tech company.”
</blockquote>



<a href="https://web.archive.org/web/20230215063007/https://zipmex.com/">Marcus Lim</a>, CEO and Co-Founder of Zipmex Group, said



<blockquote class="wp-block-quote">
“This investment reinforces our industry leadership. We’re continuously aiding growth in the digital asset industry to help realize our innovative potential for Zipmex. That’s why we’re delighted to be part of laying a solid foundation and helping to speed up developments in <a href="https://fwx.finance/learn/article/what-is-defi" target="_blank" rel="noreferrer noopener">decentralized finance</a>, with the best benefits for our users being the ultimate end goal.”
</blockquote>



Previously, Forward, now valued at 1.6 billion baht, or $50 million, has raised more than 160 million baht in seed rounds, or $5 million in pre-Series A funding from giant investment firm <a href="https://www.gbv.capital/">GBV Capital</a> (Genesis Block Ventures), <a href="https://varys.capital/">Varys Capital</a>, a global venture capital firm focused on blockchain technology and digital assets, as well as Thai Venture Capital companies such as <a href="http://www.primestreetgroup.com/">Primestreet Capital</a> and <a href="https://www.ratanakornasset.com/">Ratanakorn Asset Co., Ltd</a>, Thailand’s largest real estate company.



<a href="https://forwardx.finance/" target="_blank" rel="noreferrer noopener">Forward</a> was founded by two blockchain technology developers, <a href="https://www.facebook.com/chanonbeam">Chanon Jaratsuttikul (Beam)</a>, Co-Founder and CEO of Forward Holdings, a former program developer and project manager of digital asset exchange platform <a href="https://satangcorp.com/exchange/en/">Satangpro</a>, and <a href="https://www.facebook.com/udomsak.em">Dr. Udomsak Rakwongwan (Em)</a>, Co-Founder and Financial Strategy Advisor. Dr. Em is a Mathematics professor and researcher, specializing in derivatives pricing and hedging, assets and liabilities management using mathematical models when choosing for investment portfolios.

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