Binance has now partnered with the Station F, it is world’s biggest startup campus located in Paris. This was to help startup of French crypto scene to grow. Being the part of binance innovation zone efforts, the firm even partnered along Station F.
Apart from offering them the required financial support, binance dual investment will also advise the startup of French crypto on token economics. This will definitely help them with the initial token sales. Moreover, it will possibly provide them with the required liquidity through listing them on the exchange. Binance has announced that it invested almost €100 million in France will also help the startup scene of countries.
Partnering of Binance with Station F
Here, Binance investment of €100 million in the French crypto for the bid will definitely help to grow the pie for all. Zhao, CEO of Binance said that the only aim of such investment is for growing the complete industry through supporting the scenes of France’s crypto. France is definitely unique which is positioned to be a leader of the industry. Zhao says, that the attitude of government toward crypto and business has been quite phenomenal. It was also added that French government is “progressive” as well as “open-minded” governments in entire world.
Apart from pouring millions in the startup scene of the country, Zhao says Binance plans having people on ground to advise as well as offer extensive support to the startups of French crypto. We will invest and advise on the token economics; we will also be hopefully assisting them do the initial selling of product getting traction. It will hopefully give liquidity.
For Binance, it is the first time of company that is having direct involvement in the incubator program.
The previous support of Binance and crypto startups mainly been financial in the nature. For instance, Zhao reveal for last three years, exchange in-house of social fund with the startup incubator made significant investments.
