CoinEx Chain Foundation Launches Support Program

The CoinEx Chain Foundation (“the Foundation”) announced that its Support Program, which is designed to support 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 individual can apply for the grants to implement their initiatives to contribute to the CoinEx Chain ecosystem.

“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,” said Haipo Yang, Founder and CEO of CoinEx.

The referendum on the Support Program, which is the first proposal of the CoinEx Chain community, was initiated by the Foundation on 23 December, 2019, and would only be deemed effective if the approval rate exceeds 50% by the deadline. 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,” said Hugh Tian, Co-founder of AntPool, a leading cryptocurrency mining platform run by Bitmain that just joined the CoinEx Chain network as a validator.

Besides, the Foundation also released a roadmap for the development of CoinEx Chain during the year of 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.