Tron (TRX) Founder And Binance Partners!

Blockchain developer Tron DAO and billionaire founder Justin Sun, Binanceapplied to contribute capital to the industry recovery fund of .

Binance, CEO Changpeng Zhaoreleased details of the fund yesterday, after earlier signaling its launch plan. Binance fund in the first place 1 billion dollars he laid.

Binance Will Collaborate With Tron Founder Justin Sun

A Tron DAO spokesperson said in a statement that they have applied to participate in this funding initiative and will soon receive a response from them.

Binance CEO ‘CZ’ made statements about Justin Sun in the past. ‘CZ’ said in a statement:

“I didn’t really know Justin until he brought Tron to life, and then I ran into him a few times at events. We’re just talking about work and we’re not “hanging out” in any way. So I can’t say that I have a personal relationship with him outside of work.”

Justin Sun tweeted today, “We fully support the BNBCHAIN ​​ecosystem and BUSD. In fact, we will have a major partnership announcement soon,’ he said.

I fully support @BNBCHAIN ecosystem and #BUSD. Actually, we will have a big partnership announcing soon. ❤️

— HE Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) November 25, 2022

Binance hopes the fund can mitigate some of the damage done to the crypto industry by the collapse of crypto companies that Sam Bankman-Fried is at the center of crypto exchange FTX.

A wide variety of businesses in the industry were affected by the collapse of FTX, from investment firms to early-stage DeFi projects.

The fund will target projects that are considered economically viable and innovative but are facing liquidity problems as a result of the FTX crisis.

*Not investment advice.