Binance Announces a $1B Fund for Startups Funded Entirely with BNB


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Posted in Binance Reddit

2 Comments

  1. b747438 on 24. June 2018 at 14:21

    Wish this fund success and hope new innovative businesses can grow on it.

    However. the exact BNB involvement doesn’t get clear from this and other articles:
    1. Do BNB holders participate in this fund, becoming partly owner of all its investments?
    2. Can they receive tokens/dividends of the projects which are supported?
    3. Will the fund be re-investing any gains or use for BNB coinburns?
    4. Or is the fund owned by Binance company (which is not owned by BNB holders), using their BNB stock, but not making BNB owners to co-investors?

     


  2. robinwindy on 24. June 2018 at 14:21

    wow huge amount of money just for the startup… this project is promising