MEDIA RELEASE: Mumbai, India, July 4th, 2024, Chainwire.
Venom Foundation is excited to announce a significant achievement in its worldwide expansion strategy: the addition of its native token, $VENOM, to the trading lists of two of India's prominent cryptocurrency exchanges, WazirX and CoinDCX. This strategic development opens up new horizons for Venom, providing access to a vast user base in the most populous country globally and further advancing the recognition and utilization of $VENOM.
"We are pleased to disclose the inclusion of $VENOM on WazirX and CoinDCX. This strategic endeavor in the Indian market, with a user base exceeding 30 million individuals, signifies a notable progression for Venom. It highlights our dedication to encouraging innovation and acceptance within the blockchain realm, setting the stage for increased involvement and expansion in one of the most dynamic cryptocurrency markets worldwide." – Louis Tsu, CEO of Venom Foundation
Rajagopal Menon, VP of Marketing at WazirX, commented, "VENOM's network has demonstrated prowess in resolving scalability and transaction challenges in the cryptocurrency ecosystem. With a diverse array of partnerships and ongoing growth, its popularity and expanding user community are evident. WazirX is enthusiastic about enabling users to engage in trading this token."
India: A Crucial Market for Venom
As the landscape of global cryptocurrencies continues to evolve, India has emerged as a key center for blockchain and cryptocurrency activities. With its tech-savvy population and rapidly expanding crypto community, India offers a substantial opportunity for Venom to extend its influence and promote adoption.
Inclusion on WazirX and CoinDCX
WazirX: Serving more than 16 million users, WazirX stands as India's largest cryptocurrency exchange. $VENOM is now accessible for trading in USDT and INR pairs.
CoinDCX: Another significant player in the Indian market, CoinDCX counts over 14 million users. $VENOM is also up for trading in USDT and INR pairs.
Noteworthy Aspects
Extensive User Base: The cumulative user count exceeding 30 million on WazirX and CoinDCX presents unparalleled visibility for $VENOM in India.
Market Expansion: These listings represent a pivotal milestone in Venom's expansion strategy, showcasing the rapid growth and acceptance of $VENOM in one of the world's most rapidly developing cryptocurrency markets.
Improved Accessibility: Indian users now have easy access to trade $VENOM in their local currency, fostering increased adoption and participation.
In Conclusion
The addition of $VENOM on WazirX and CoinDCX signifies essential strides in Venom's strategy to boost its global presence and liquidity. These listings align with Venom Foundation's objective of enhancing adoption and extending its influence in the global cryptocurrency sphere.
About Venom
Venom offers an advanced layer-0 and layer-1 network, seamlessly integrating with various autonomous networks through innovative Mesh technology. Built on a masterchain for comprehensive state and consensus management, Venom supports limitless autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring velocity and scalability. Characterized by rapid finality, robust security, stability, and user-friendly interfaces, Venom caters ideally to hosting CBDCs and large-scale platforms. For further details, visit https://venom.foundation/.
Contact
Venom Foundation
[email protected]
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