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OKX allocates $100M to poach startups off the Solana blockchain

OKX Launched Crypto Startup Rescue Fund
  • OKX Launched Crypto Startup Rescue Fund
  • They suggest they switch from Solana to OKX Chain
  • The company will provide comprehensive assistance to good projects

OKX has announced a $100 million commitment to support projects that are currently experiencing liquidity problems. They offered them a move from Solana to OKX Chain.

“We will launch an ecosystem plan to help projects worth 100 million with OKX Chain and OKX Demo Day!

Due to recent emergencies, some worthy projects have liquidity problems. We stand for the healthy development of the industry ecosystem. And we will help quality startups to migrate smoothly. We will provide project participants with support in ecosystem, technology and liquidity issues. Let’s overcome difficulties together”

OKX Chain is a competitor to Binance Smart Chain and other Ethereum compatible blockchains. It offers an ecosystem for building and running WEB3 applications.

Recall that Binance also has an anti-crisis rescue plan for the crypto industry. They create their own fund and invite companies from different fields there. In an interview yesterday, the head of Binance said that the association has already included three major partners, but they will announce all the details later. Huobi and Justin Sun have already announced their participation in the project.

Meanwhile, the new head of FTX has hopes that the company will overcome all difficulties and return to the market. It’s hard to believe – after all the revealed details, it is almost impossible to count on the trust of customers.

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