Recently, two altcoin projects in particular have come to the fore with important partnerships. Partnering of cryptocurrency projects is a critical event for the project’s expansion and wide recognition. Here are the details…
Core DAO partners with Bitcoin and altcoin exchanges
Core DAO, an organization dedicated to the development of the Satoshi Plus ecosystem, has introduced a $200 million Ecosystem Fund aimed at accelerating the development of decentralized applications and protocols built on the Core layer-1 Blockchain. Backed by strategic partners such as cryptocurrency exchanges Bitget and MEXC, the Ecosystem Fund aims to provide financial support to early-stage projects, according to press releases. This support will cover various areas such as research and development, recruitment, marketing, community building programs and other key growth initiatives.
In addition to the investment, the partnership includes listing Core projects and the opening of a new Core Trade Zone on Bitget and the integrated BitKeep wallet. Bitget also plans to become one of the validators of the Core network and support Core staking on the exchange. Bitget’s over 8 million user base can also offer significant staking capabilities, providing significant liquidity to the Core DAO ecosystem.
Core DAO’s Ecosystem Fund claims that it sets itself apart from its peers in the industry by the fact that a project’s primary requirement for obtaining financial support is not a grant-based system. Instead, the Ecosystem Fund will encourage each project to meet pre-agreed customized benchmarks that deliver tangible value to the Core community.
BitPay forms new partnership for SHIB
On the other hand, BitPay, a leading crypto payment gateway, has recently partnered with Ramp Network, a London-based FinTech company, enabling customers to exchange more than 20 supported cryptocurrencies including Shiba Inu (SHIB) using Ramp Network vault. made it possible to buy BitPay announced the collaboration with a recent tweet and announced that the Ramp Network feature can now be used on the web or mobile application. Specifically, this feature facilitates instant delivery for cryptocurrency purchases using fiat.
This latest feature is part of BitPay’s ongoing efforts to offer a variety of payment options to its customers. In the past, the company has partnered with various payment providers such as Simplex, Wyre and MoonPay to expand payment options and meet the specific needs of its customers. BitPay also made headlines recently for its partnership with watch manufacturer Hublot, which accepts SHIB as payment for its luxury watches. In addition cryptocoin.com As we reported, BitPay launched an exciting feature in June 2022 that allows users to purchase Apple products with SHIB and other assets.
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