Crescent Foundation receives Strategic Investment

B-Harvest, the incubator of Crescent Network, has acquired 13 million bCRE, Crescent’s native token, transacted on Crescent DEX. The key reasons and details of this acquisition are:

1. B-Harvest has purchased 13 million bCRE from The Crescent Foundation at market price without any discount.
2. Growth Acceleration: The Crescent Foundation will use the funds to hire additional developers and increase marketing and partnership efforts, ultimately boosting the growth and utility of Crescent Network.
3. Liquidity Enhancement: B-Harvest will participate as a liquidity provider on the Crescent orderbook using the acquired CRE tokens. This will strengthen bCRE liquidity on Crescent, particularly for the bCRE/ATOM and bCRE/USDC trading pairs.

This acquisition highlights the close relationship between Crescent and B-Harvest, and demonstrates the synergy that results from their commitment to expanding Crescent Network’s growth and liquidity.