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Venom Expands into India with Dual Listings on WazirX and CoinDCX

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    Global, Global, July 4th, 2024, Chainwire

    Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM.

    “We are thrilled to announce the listing of $VENOM on WazirX and CoinDCX. This strategic move into the Indian market, with access to over 30 million users, marks a significant milestone for Venom. It underscores our commitment to fostering innovation and adoption in the blockchain space, paving the way for greater engagement and growth in one of the world’s most dynamic crypto markets.” – Louis Tsu, CEO of Venom Foundation

    Rajagopal Menon, VP of Marketing at WazirX, said, “VENOM network has already checked several boxes such as addressing scalability and transaction issues in the crypto ecosystem. It has a diverse range of partnerships and its ongoing expansion showcases its popularity and burgeoning user base. WazirX is excited to give users the opportunity to trade this token.”

    India: A Key Market for Venom

    As the global cryptocurrency landscape evolves, India has emerged as a vital hub for blockchain and crypto. With its tech-savvy population and rapidly growing crypto community, India represents a monumental opportunity for Venom to expand its reach and drive adoption.

    Listings on WazirX and CoinDCX

    WazirX: As India’s largest cryptocurrency exchange, WazirX serves over 16 million users. $VENOM is now available for trading in USDT and INR pairs.

    CoinDCX: CoinDCX, another major player in the Indian market, boasts over 14 million users. $VENOM is also available for trading in USDT and INR pairs.

    Key Highlights

    Vast User Reach: The combined user base of over 30 million on WazirX and CoinDCX offers unparalleled exposure for $VENOM in India.

    Market Expansion: These listings mark a crucial milestone in Venom’s expansion strategy, highlighting the explosive growth and adoption of $VENOM in one of the world’s fastest-growing crypto markets.

    Enhanced Accessibility: Indian users now have streamlined access to trade $VENOM in their local currency, fostering greater adoption and engagement.

    Conclusion

    The listings of $VENOM on WazirX and CoinDCX are pivotal steps in Venom’s strategy to enhance its global reach and liquidity. These listings align with the Venom Foundation goal of increasing adoption and expanding it’s presence in the global crypto landscape.

    About Venom

    Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms. Learn more at https://venom.foundation/

    Contact

    Venom Foundation
    [email protected]

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    Snutx Invests in the Future: Launching $200 Million Fund to Foster Cryptocurrency Technology Development

    2024-10-03T11:16:09Z

    NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Snutx Venture Capital, the venture capital arm of Snutx Cryptocurrency Exchange, has launched a $200 million funding program targeting core technologies poised to transform the traditional financial sector. This initiative focuses on the cryptocurrency trading market, payment system technologies, and innovative AI startups integrating cryptocurrency and blockchain.

    This substantial investment reflects Snutx's strong confidence in and commitment to the future of financial technology development. By identifying and supporting innovative projects, Snutx aims to catalyze technological revolutions that will accelerate the widespread adoption of cryptocurrency and blockchain technologies. These technologies are increasingly becoming integral to global payment systems and the evolving structures of financial markets.

    Snutx Venture Capital’s investment strategy is centered on discovering and funding enterprises capable of disrupting traditional financial models through technological innovation. Cryptocurrency and blockchain technologies hold tremendous potential for enhancing transaction efficiency, reducing costs, and improving security within the financial system. By investing in these startups, Snutx not only fosters technological advancement but also creates new growth opportunities for its own business and reinforces its market leadership.

    Collaborating with these startups positions Snutx at the forefront of technological innovation and allows it to capitalize on opportunities in emerging markets. This strategic approach not only strengthens the platform's market position but also enhances its competitiveness in the rapidly evolving global fintech landscape.

    Particularly in the field of artificial intelligence, Snutx Venture Capital is keen on solutions that optimize cryptocurrency trading and management processes. These technological integrations aim to provide users with a faster, smarter, and safer service experience, which is crucial in today’s fast-paced digital economy. Investing in transformative technologies aligns with Snutx’s long-term strategic goals and propels significant industrial development.

    These investment activities enhance Snutx's competitiveness in technology innovation and financial services while contributing positively to the long-term growth of the cryptocurrency market. Through this funding initiative, Snutx deepens its market impact and sets new benchmarks for future trends. By investing in cutting-edge cryptocurrency technologies and promising AI startups, Snutx reinforces its capability to deliver a safer, more advanced trading experience. As the market continues to evolve and technology advances, Snutx is poised to maintain its significant influence in the global cryptocurrency and fintech sectors, driving forward innovation and growth.

    CONTACT: Media Contact
Felix Bauer: [email protected]

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