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Binance launches USD1m fund for African blockchain developers

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Cryptocurrency exchange Binance has commenced an eight-week program​me to equip 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), has allocated USDF1 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” ​says 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 eight-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. 

Through the course of the eight-week programme, coordinated by crypto industry thought leaders from ChainIDE, Xend, Bundle,​ as well as the BSC team, attendees will acquire high income development skills and learn blockchain development with Binance for FREE. 
 

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