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.

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 wide audience in crypto exchanges.

This way Roman intends to “create a new comfort and secure zone for storing and managing digital assets of a multi-million audience that has absolutely no confidence in any crypto exchange now”.

“The stable, predictable, and healthy cryptocurrency industry is beneficial for all of us, while the turbulence and industry earthquakes are causing only damages and losses,” comments Roman Alekseev, founder of Cheelee and NUTSon. 

Currently, the fund analytics is collecting bids from affected crypto exchanges that need investments to recover.

Roman Alekseev is a European crypto millionaire with a $500-million investment portfolio and is the founder of two short video platforms, Cheelee and NUTSon.

Cheelee is a GameFi short video platform based on the principles of the attention economy and Watch & Earn mechanics. The app will be released in the upcoming winter. Cheelee was supported with VC funds’ allocation of USD 1.4M and equity investments of USD 8M.