The founder of blockchain-based social video platform Cheelee and its sister Web2 mobile app NUTSon announced the launch of a $200-million support program for affected global cryptocurrency exchanges. The investments will go through the crypto winter solidarity fund run by Roman Alekseev and his partners, as his recent Instagram post states.
Roman Alekseev, founder of Cheelee and NUTSon, said:
“The stable, predictable, and healthy cryptocurrency industry is beneficial for all of us, while turbulence and industry earthquakes are causing only damages and losses.”
The goal of the initiative is to revitalize the industry and bring highly professional expertise in the field in order to restore the trust of a multi-million audience in crypto exchanges.
Currently, the fund analytics is collecting bids from affected crypto exchanges that need investments to recover.
Alekseev is a European crypto millionaire with a $500-million investment portfolio and is the founder of two short video platforms, Cheelee and NUTSon.
This publication is sponsored. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.