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The CoinEx Chain Foundation has reportedly announced the launch of its Support Program, that is designed to lend support to institutions and individuals and to encourage community development.
In each quarter, the Foundation would commit around three million CET in total to help applicants focus on research and development, content publicity and community construction. Any institution, individual and node could apply for the grants to execute their abilities to contribute in the CoinEx Chain ecosystem.
Haipo Yang, CEO and Founder reportedly stated that this program showcases the company’s commitment to build a supportive ecosystem and sustaining a sense of community. The company is thrilled to have found a way to support best ideas and accelerating long lasting impact on the CoinEx Chain, Yang claims.
The referendum on the Support program was initiated on December 23, 2019. It will only be considered effective if the rate of approval exceeds to 50% by the deadline. Moreover, there was a solid vote in favor of the proposal during the end of the voting period.
Hugh Tian, Co-founder, AntPool, a renowned cryptocurrency mining platform which is run by Bitmain and has recently joined the network of CoinEx Chain, reportedly stated that this program would unleash the power and potential of the parties present in the industry. The company is thrilled to be part in the development of CoinEx Chain’s ecosystem, Tian states.
Moreover, the foundation has also released a road map for the development of CoinEx Chain in the year 2020. As per the road map, the official wallet services and blockchain explorer would be open sourced and the cross-chain protocol would be supported during the first (Q1) and second (Q2) quarter respectively.
As per reliable sources, the first round of application is expected to be available between 11 to 15 January 2020.
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