Binance CEO Announces $1 Million Fund for African Developers

Binance, the world’s largest cryptocurrency exchange by trading volume, has commenced an 8-week program equipping African blockchain developers with the right tools and skills to build their first DApps on the Binance Smart Chain (BSC) network.

Binance CEO, Changpeng Zhao (CZ), during its launch event on January 31st, announced the allocation of $1 million to African developers building projects on the Binance Smart Chain, in line with the company’s commitment to Africa and the growth of the blockchain ecosystem.

Africa is a really important segment in our mission and we want to continue to push these programs in Africa and other regions” said CZ . “The Binance team wants to show you a multitude of career options in the crypto and blockchain space – beyond trading”.

Since 2020, Binance has been offering free virtual crypto education courses under its Binance Masterclass program: successfully educating over 70,000 Africans about crypto fundamentals, practical tutorials on how to set up a crypto account – and buy & sell crypto, technical analysis and crypto trading. Binance plans to further this education to include DeFi and BSC.

Following the 8-week course on ‘Rebuilding Financial Systems on Blockchain”, there will also be a Binance Hackathon for African Dapps as announced by the coordinator of BSC network.

The January 31st Developers’ edition of the Binance Masterclass series which set to train 1000 African developers, kicked off with over 19,000 registrations and 25,000+ playbacks on YouTube revealing the demand for blockchain education in Africa.

Watch the full launch event HERE

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