Do startups: Binance will create an investment Fund of one billion dollars
Source:
The First volume of trading the crypto currency exchange has announced the creation of a private investment Fund, said . The new organization will be used Binance for large investments in the bitcoin and blockchain startups.
theExchange Binance to invest in new projects
On the establishment of Community Influence Fund during the online broadcast told Ella Jung, CEO of crypto currency exchange. She also mentioned that the new platform will be based on Binance Coin. The development Fund is the team Binance Labs.
In addition to Jung in the online broadcast was attended by several experts with Binance Labs. They revealed details of the first startup, which will be promoted with financing from the exchange. It appeared to be an analogue of Uber in China Dache Chain. The Creator of the app Chen Basin already in competition on the passenger transport market.
In collaboration with twenty partners, the exchanger will create another collective Fund Binance Ecosystem. This was told by representatives of the company in an interview . More details about Binance Ecosystem promise to reveal soon.
Finally, the team Binance Labs, told startups, which will receive the first investment Fund with Community Influence. They were four projects: MobileCoin cryptocurrency, the blockchain platform Oasis Labs, a service verification Certik and platform for crowdfunding Republic.
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