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As a leading cryptocurrency company, we realize that it is our responsibility to lead the way on issues such as protecting consumers and rebuilding the industry. It is for this reason that we have created the Sector Recovery Initiative (IRI), whose objective is to offer a new co-investment opportunity to those organizations that wish to contribute to the future of Web3.
Interesting facts about IRI:
IRI is not an investment fund.
To access the investment Ecuador Mobile Number List opportunities offered through the IRI registration process, each participant must leave the contributed capital (which may be in stablecoins or other tokens) in public addresses to ensure transparency.
Each participant, including Binance, will study the opportunities and make their investment decisions independently and based on what is stipulated in each agreement.
We are aware that there may be traditional financial institutions that want to participate but are unable to send money to a public address, so we are willing to consider other deal structures within the broader scope of IRI in collaboration with institutions that do so. they want it.
We expect this initiative to last about six months and to have a flexible investment structure (tokens, fiat, equity, convertible instruments, debt, lines of credit, etc.), since we believe that each particular situation requires a personalized solution.
Each participant will be able to withdraw any unused funds from public addresses when the initiative ends.
Initially, Binance will allocate $1 billion to IRI-related investment opportunities, with the goal of increasing that figure to $2 billion in the near future if necessary. So far, Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos, and Brooker Group have committed to participate with an aggregate seed capital of around $50 million, and we expect more participants to join soon.
The public address of the initial capital contributed by Binance, of 1 billion in BUSD, is 0x043a80999cEe3711D372FB878768909fbE7F71E6
The addresses of the other participants will be published soon.
We have already received nearly 150 applications from companies seeking IRI support. Each co-investor that is part of the IRI will have the opportunity to study possible agreements and it will be up to them to decide if they wish to participate in them. We expect that some agreements will opt for unilateral investment and that others will be based on investments in collaboration with other IRI participants or all of them.
The purpose of this new initiative is to support the most promising and highest quality companies and projects created by the best technologists and entrepreneurs who are experiencing considerable short-term financial difficulties for which they are not responsible. What makes this initiative unique is the collaborative approach that seeks to restore trust in Web3.
Collectively, we will seek projects that are characterized by 1) innovation and long-term value creation, 2) a clearly defined and viable business model, and 3) careful attention to risk management (click here to sign up) .
In addition to providing financial support, our intention is to offer founders and projects assistance in all phases of the process, from training, through technical execution, to fundraising and much more, so that they can take their first steps. and emerge stronger from this cryptocurrency winter.
If you are interested in participating, contact us .
Risk warning : Investment in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost. It is important to read and understand the risks of this investment which are explained in detail at this location.
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發表於 13:31:38