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Binance and Wazirx announces 50 Million fund for Blockchain projects in India

Binance, a well known cryptocurrency exchange recently acquired the Indian cryptocurrency exchange wazirx. In the month of March, wazirx and binance announced 50 million dollars fund to enhance blockchain technology in India

This fund is backed by binance coin, BNB and wazirx token WRX. They use this fund to invest in Local blockchain business and to support students in blockchain-related research work and the selected research projects will have access to binance cloud, binance DEX

Wazirx founder Nischal Shetty said,

“With this fund, we want to encourage and enable more and more founders and teams to come in and BUIDL. This initiative also shows the incredible potential that the Indian blockchain ecosystem has to offer.

Binance has started in the year 2017, in the short span of three years, this exchange has occupied a prominent place in the Crypto Industry. Any Cryptopreneur can easily start a Cryptocurrency Exchange with Binance Clone Script.

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