Against the bad conditions of the crypto market Gate.io the stock market has also moved! Gate.io has invested $100 million to revive the cryptocurrency and restore investors’ confidence.
Gate.io has invested $100 million to revive the cryptocurrency and restore investors’ confidence. Concerns about market capitalization pose an immediate risk to crypto businesses that are struggling to make ends meet. Investors transfer their money from exchange to private holdings. Cryptocurrency exchange Gate.io has launched (1) corporate financial support, including an initial investment of $100 million, to reduce the negative impact of the failure and failure of the ecosystem.
Concerns about market capitalization pose an immediate risk to crypto businesses that are struggling to make ends meet. Investors transfer their money from exchange to private holding. Gate.io’s $100 million investment aims to help businesses adapt and adapt to market conditions. With the help of financial support, cryptocurrency investors will be able to remain focused on their business and protect them from the risks of the market. It was said in the advertisement that. “$100 million will be allocated to high-end services, retailers, wholesalers, and other companies and high-value customers.”
The primary purpose of the $10 million fund that will be allocated to eligible cryptocurrency initiatives is to market, also known as providing funds to traders.
The organization will review applications indefinitely and make decisions about the amount of money based on future market trends. Lin Han, CEO and founder of Gate.io, had the following comments on this:
“Unforeseen obstacles during the bear market should not affect workers negatively and prevent innovation. Now is the time to work together to rebuild, protect workers and strengthen the market.
In addition, the Gate SAFU fund, established by Gate.io in 2019, continues to serve as a safe haven and insurance pool for user account assets.
Binance is already lending $1 billion in support
Binance, a cryptocurrency exchange, has also acknowledged that it has a responsibility to help the ecosystem survive the changing market conditions.
Recently, Binance CEO Changpeng Zhao made public the company’s intention to contribute $1 billion in corporate recovery funds (2). The purpose of the recovery fund planned by Binance is to provide funding for promising projects that are facing financial difficulties.
CZ has expressed its intention to take a “non-conventional” approach by allowing employees of various companies to participate in the fund. Although Binance has not officially announced the creation of the currency, the currency is expected to launch soon.