CoinEx Chain development grants now available to encourage ecosystem growth

CoinEx Chain's mainnet is a public chain built for decentralized exchange...

The CoinEx Chain Foundation, overseeing the development of the CoinEx native blockchain, announced today that its Support Program, designed to encourage more institutions and individuals to participate in the construction of CoinEx Chain’s ecosystem and community, has been officially launched.

Every quarter, the Foundation will commit up to three million CET in total to help qualified applicants focus on product research and development (R&D), community construction and content publicity. Any node, institution, and individuals can apply for the grants to implement their initiatives.

“This program demonstrates our commitment to building a supportive ecosystem and nurturing a sense of community. I’m glad that we have a way to support some best ideas and accelerate long-lasting meaningful impact on the CoinEx Chain.”
– Haipo Yang, Founder and CEO of CoinEx

A referendum on the Support Program, the first proposal of the CoinEx Chain community, was initiated by the Foundation on December 23rd, and would only be deemed effective if the approval rate exceeded 50%. When the one-week voting period ended, there was a solid vote in favor of the proposal.

“I believe this Support Program will unleash the power and potential of the parties in this industry. We are thrilled to be part of this to prosper the development of CoinEx Chain’s whole ecosystem.”
– Hugh Tian, Co-founder of AntPool, a leading cryptocurrency mining platform run by Bitmain that just joined the CoinEx Chain network as a validator

The Foundation also released a roadmap for the development of CoinEx Chain for 2020. According to the roadmap, the blockchain explorer and official wallet services will be open-sourced, and the cross-chain protocol will be supported during the first and second quarter respectively

CoinEx Chain’s hard fork will happen and the Smart Chain Testnet will be launched in the third quarter. By the end of the year, the Smart Chain virtual machine will support the Cosmos Ecosystem.

For those interested, the first round of applications will be available from January 11th-15th, 2020.

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