Tron DAO and Justin Sun to Contribute to Binance’s Industry Recovery Fund

Billionaire Justin Sun and Tron DAO have applied to contribute to Binance’s billion-dollar industry recovery fund.

Binance CEO Changpeng Zhao (CZ), with another $1 billion allocated to the industry recovery fund 2 billion dollars announced its removal. In this announcement 7 different companies announced a commitment to support the fund. In addition to the 7 companies in question, in a recent announcement, Justin Sun and Tron of the DAO It was also shared with the crypto community that they will support the fund.

Jump Crypto, polygon ventures, aptos labs, animo brands, GSR, Kronos and brooker group support team consisting of 50 million dollars Crypto investors were hopeful that Tron Dao and Justin Sun were also among the supporters after making an initial total commitment. The amount of support for the fund and the details of the application are not yet known.

Reaching Binance spokesperson block reporters have yet to confirm Justin Sun and his company’s application for the aid package. A Tron DAO spokesperson made the following statement on the subject:

We have applied to participate in this funding initiative initiated by Binace. We will get feedback from them soon.

The recovery fund will be used to purchase distressed crypto assets and support the industry. The fund, which has 7 known registered and committed supporters, is already looking for support. from 150 different organizations received an application.

Sun, who has been prominent in many issues recently, including buying FTX, in a recent Twitter post BNB Chain ecosystem and BUSD fully supported and recently they will announce a joint project also announced.

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