Bitcoin Exchange Coincheck Unveils $450k Startup Investment Fund

The Tokyo-based Cryptoconcurrency Exchange coinchecks a new investment fund.

With 50 million yen (about $ 450,000) of the primary funding cap, this fund will be used for developing start-up blockkun projects. Synchkake announces the proposed currency, which can extend this amount depending on the speed of the investment.

In an interview with Techchard, co-founder and CEO Yusuke told Otsukha, the fund will also be available to help the planning team initially launching the coin festival or IOC.

Learn how to invest in an investor's fund investor's investor. In the blog post, the exchange titles "entry barrier" for new companies, that space is being transferred. As such, Coincheck involves funding positioning as a way to navigate some strategic waters involved.

For the first time in 2014, the company had opened its doors, launched its exchange service in September and officially launched in November of that year.

This fund is introduced in the dynamic movement of Japanese technology.

Over the past few months, a growing number of retailers took a step from the government to start betoken transactions, so that cryptoconces can be considered as a valid form of payment.