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
media@venom.network