- The exchange will be funding more than 40 developers conducting research.
- Binance X is also rolling out educational initiatives for developers and the public.
Crypto-exchange giants, Binance, launched BInance X to extend its research in open-source blockchain development. They will be funding more than 40 developers researching open-source crypto software. Binance X also hopes to assist “evangelists” to promote education around the space by providing resources to projects in various stages of development.
Binance X offers a fellowship program that is aimed at research and development of open-source blockchain software. The exchange has not yet disclosed any information on how much funds it will provide for the 40 project leads that have already signed on as Binance X fellows. Applications are accepted on a rolling basis.
The platform is created to serve cryptocurrency-focused counterpart to X Development, the research, and development subsidiary of Google parent company Alphabet. Binance X will also begin educational initiatives for developers and the public. Reportedly, the evangelists sponsored by Binance X will recruit and educate individuals by hosting workshops and reading groups at colleges and similar locale.
Teck Chia, head of Binance X, said:
“The Binance X team will help educate, create opportunities for collaborations and jumpstart growth of these projects via the different programs and resources we have at Binance.”
By leveraging the existing ecosystem – including Binance Chain, Binance.com APIs, Trust Wallet SDKs and the Binance Charity donation platform – Binance X will aid educational advancement at every level “from noobs to seasoned developers.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.