Crypto
derivatives and copy trading platform , Bitget has announced a strategic
partnership with Core DAO, an organization focused on developing the Satoshi
Plus ecosystem. The collaboration will see the establishment of a $200 million
ecosystem fund to support the growth and development of decentralized
applications (DApps).
Bitget Launches $200 Million
Crypto Fund
The fund
launch comes after the Core DAO network’s mainnet launch, built on the Core
Network Layer-1 blockchain, with its first airdrop of CORE tokens claimed by
more than 1.5 million users. In addition, the network has recently integrated with the cross-chain
messaging protocol LayerZero and the permissionless Oracle protocol
Switchboard.
Backed by
strategic partners, such as Bitget and MEXC, the Ecosystem Fund aims to provide
support to early-stage projects for various growth initiatives, including recruitment,
community-building programs, research and development, and marketing.
Gracy Chen, Managing Director of Bitget.
“This
investment is another show of proof of our commitment to supporting blockchain
space from various angles,” Gracy Chen, the Managing Director of Bitget,
commented.
“The partnership between Bitget and Core
DAO, through their $200 million ecosystem fund, will pave the way for the
development of decentralized applications on the Core Network Layer-1
blockchain. With their focus on sustainable success and delivering tangible
value to the community, this partnership will advance the principles of
transparency and cross-chain experience, bringing us closer to linking the real
world with the Web3 space,” Chen added in an exclusive commentary sent to Finance Magnates.
Besides the $200 million investment, the partnership will also make it possible for Core projects to be listed and create a new Core Trading Zone on Bitget and its connected BitKeep wallet. Bitget will focus on the Core ecosystem fund and its tech efforts, using its security and other growth areas expertise.
Moreover,
Bitget aims to serve as a validator for the Core network and facilitate Core
staking on its platform. With a user base exceeding 8 million, Bitget can
provide staking assistance to the Core DAO ecosystem and ensure adequate
liquidity.
Rich Rines,
an Initial Contributor at Core DAO, highlighted that many grant programs tend to
focus on capturing attention and creating short-term momentum, rather than
nurturing projects that align with the ecosystem’s long-term success. The ecosystem
fund with Bitget is designed to change that and reward projects that can
deliver value and maintain success in the long run.
Bitget’s Ongoing Efforts
to Promote Web3 Industry
The
collaboration with Core DAO comes after Bitget’s recent introduction of the
Web3 Fund, which is a key component of the exchange’s continuous endeavors to support
the growth of the Web3 and crypto sectors. Bitget has been proactively
broadening its offerings, concentrating on its ‘Go Beyond Derivatives’
approach, which involves partnering with a variety of real-world and Web3
ventures.
#Bitget Launches $100M #Web3 Fund to Support Next-Generation #Crypto Projects in Asia
— Bitget (@bitgetglobal) April 10, 2023
Some of
Bitget’s latest efforts include partnering with Juventus football club and
entering the Web3 domain by acquiring multiple related projects. Bitget is
dedicated to advancing blockchain adoption by providing a larger audience with
access to decentralized services, subsequently extending its range of products.
“We
strive to support financial innovation in Asia and believe that our platform
can act as a reliable, convenient, and secure link between the worlds of DeFi
and CeFi,” Chen commented. “Our
team of analysts has already outlined the criteria for project selection and
will adhere to them strictly.”
To boost the
crypto adoption even further, the company acquired BitKeep wallet to enhance
users’ Web3 browsing experience and launched a DeFi feature, MegaSwap, for
trading numerous digital assets.
Nevertheless,
it faced controversy as Japan’s FSA warned against four crypto exchanges, including Bitget, operating without proper registration in the country.
Crypto
derivatives and copy trading platform , Bitget has announced a strategic
partnership with Core DAO, an organization focused on developing the Satoshi
Plus ecosystem. The collaboration will see the establishment of a $200 million
ecosystem fund to support the growth and development of decentralized
applications (DApps).
Bitget Launches $200 Million
Crypto Fund
The fund
launch comes after the Core DAO network’s mainnet launch, built on the Core
Network Layer-1 blockchain, with its first airdrop of CORE tokens claimed by
more than 1.5 million users. In addition, the network has recently integrated with the cross-chain
messaging protocol LayerZero and the permissionless Oracle protocol
Switchboard.
Backed by
strategic partners, such as Bitget and MEXC, the Ecosystem Fund aims to provide
support to early-stage projects for various growth initiatives, including recruitment,
community-building programs, research and development, and marketing.
Gracy Chen, Managing Director of Bitget.
“This
investment is another show of proof of our commitment to supporting blockchain
space from various angles,” Gracy Chen, the Managing Director of Bitget,
commented.
“The partnership between Bitget and Core
DAO, through their $200 million ecosystem fund, will pave the way for the
development of decentralized applications on the Core Network Layer-1
blockchain. With their focus on sustainable success and delivering tangible
value to the community, this partnership will advance the principles of
transparency and cross-chain experience, bringing us closer to linking the real
world with the Web3 space,” Chen added in an exclusive commentary sent to Finance Magnates.
Besides the $200 million investment, the partnership will also make it possible for Core projects to be listed and create a new Core Trading Zone on Bitget and its connected BitKeep wallet. Bitget will focus on the Core ecosystem fund and its tech efforts, using its security and other growth areas expertise.
Moreover,
Bitget aims to serve as a validator for the Core network and facilitate Core
staking on its platform. With a user base exceeding 8 million, Bitget can
provide staking assistance to the Core DAO ecosystem and ensure adequate
liquidity.
Rich Rines,
an Initial Contributor at Core DAO, highlighted that many grant programs tend to
focus on capturing attention and creating short-term momentum, rather than
nurturing projects that align with the ecosystem’s long-term success. The ecosystem
fund with Bitget is designed to change that and reward projects that can
deliver value and maintain success in the long run.
Bitget’s Ongoing Efforts
to Promote Web3 Industry
The
collaboration with Core DAO comes after Bitget’s recent introduction of the
Web3 Fund, which is a key component of the exchange’s continuous endeavors to support
the growth of the Web3 and crypto sectors. Bitget has been proactively
broadening its offerings, concentrating on its ‘Go Beyond Derivatives’
approach, which involves partnering with a variety of real-world and Web3
ventures.
#Bitget Launches $100M #Web3 Fund to Support Next-Generation #Crypto Projects in Asia
— Bitget (@bitgetglobal) April 10, 2023
Some of
Bitget’s latest efforts include partnering with Juventus football club and
entering the Web3 domain by acquiring multiple related projects. Bitget is
dedicated to advancing blockchain adoption by providing a larger audience with
access to decentralized services, subsequently extending its range of products.
“We
strive to support financial innovation in Asia and believe that our platform
can act as a reliable, convenient, and secure link between the worlds of DeFi
and CeFi,” Chen commented. “Our
team of analysts has already outlined the criteria for project selection and
will adhere to them strictly.”
To boost the
crypto adoption even further, the company acquired BitKeep wallet to enhance
users’ Web3 browsing experience and launched a DeFi feature, MegaSwap, for
trading numerous digital assets.
Nevertheless,
it faced controversy as Japan’s FSA warned against four crypto exchanges, including Bitget, operating without proper registration in the country.
