• Core DAO partners with Bitget and MEXC to launch $200M ecosystem fund.
• The Ecosystem Fund will provide financial support to early stage projects.
• The partnership also involves the listing of Core projects and the opening of a new Core Trading Zone on Bitget and its integrated BitKeep wallet.
Core DAO Partners with Bitget and MEXC
Core DAO, an organization committed to the development of the Satoshi Plus ecosystem, has partnered with strategic partners such as cryptocurrency exchanges Bitget and MEXC to introduce a $200 million Ecosystem Fund aimed at speeding up the development of decentralized applications and protocols built on the Core layer-1 blockchain.
Ecosystem Fund Aims to Provide Financial Support
The Ecosystem Fund will provide financial support to early-stage projects, encompassing various areas such as research and development, recruitment, marketing, community-building programs and other essential growth initiatives. It distinguishes itself from industry peers by not adopting a grant-based system in which a project’s primary requirement to obtain financial support is committing to build on a particular protocol but instead incentivizing each project to achieve pre-agreed customized benchmarks that provide tangible value to the Core community.
Bitget’s Commitment To Supporting Blockchain Space
In addition to the investment, this partnership also involves the listing of Core projects and the opening of a new Core Trading Zone on Bitget and its integrated BitKeep wallet. Bitget also plans to become one of the validators of the Core network and support Core staking on the exchange. Its user base can also offer substantial staking capabilities providing it with essential liquidity. Gracy Chen, managing director at Bitget expressed her commitment saying “This investment is another show of proof of our commitment to supporting blockchain space from top down.”
Core DAO Prioritizes High Quality Technology Over ‘First’ Or ‘Fastest’
Rich Rines, initial contributor at Core DAO commented: “Too often grant programs seem designed for grabbing headlines rather than incubating projects aligned with long term success.” He further added “At CoreDAO we always prioritize creating highest quality technology versus being ‘first’ or ‘fastest’. That’s why our Ecosystem Fund will incentivize projects for their ability deliver value & sustain success.”
Conclusion
This new partnership between coreDAO & strategic partners like bitGet & MEXC is geared towards helping early stage start ups achieve their goals & drive innovation in DeFi space by creating tangible value for core Community through tailored incentive programs & access capital through investments & listings etc .