RATE Group | CoinDCX To Allocate $1.3 Million to Indian Crypto Education
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CoinDCX To Allocate $1.3 Million to Indian Crypto Education

16 Mar CoinDCX To Allocate $1.3 Million to Indian Crypto Education

Posted at 21:36h in Cryptocurrency News by

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Crypto exchange CoinDCX has announced on March 12 a $1.3 million funding towards increasing awareness and adoption of cryptocurrencies in India.

According to the company, the funds will go towards a long-term project called TryCrypto, which will seek to introduce 50 million Indian consumers to cryptocurrencies.

Items to be funded within TryCrypto

Educational programs, seminars, workshops, and distance courses are among the fronts that the CoinDCX initiative aims to finance, representing 15% of the funds allocated to said project.

Roadshows and awareness campaigning will be 25% of the total investment, while meetups, community events, and community engagement will receive another 25% of the funding.

Product trials, per the announcement, will get 35% of the total investment, giving rise to a new crypto learning program called DCXlearn.

Sumit Gupta, CEO and co-founder at CoinDCX, commented on the potential of the Indian market:

“Only 5 million people in India currently hold cryptocurrencies…

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