Binance Labs Opens Season 6 Incubation Program as AltSignals Presale Hits 96.71%

10:19 pm
June 30, 2023

Binance Labs has launched its Season 6 Incubation Program, which aims to foster innovation in the Web3 industry. At the same time, AltSignals, a crypto-based AI project, has achieved a presale rate of 96.71% for its native token ASI.

The prestigious Binance Labs Incubation Program is now accepting applications for its sixth season. This program is dedicated to promoting innovation in the Web3 industry, which is at the forefront of the digital revolution.

Simultaneously, AltSignals, a crypto-based AI project, is running the presale for its native token ASI. AltSignals has gained recognition as a promising cryptocurrency platform, boasting a community of over 50,000 users. The platform utilizes generative AI and blockchain technology to provide high-quality trading intelligence.

Binance Labs has a track record of successfully accelerating startups. In the previous season, the program received over 900 applications and selected 12 project teams from various industries, including infrastructure, security, and decentralized finance (DeFi). Binance invested in five standout project teams from the previous season, showcasing the program’s ability to discover talent and potential.

AltSignals: A Crypto-Based AI Project

AltSignals has created a trading stack powered by artificial intelligence, known as ActualizeAI. This platform combines generative AI capabilities with blockchain technology to offer advanced and profitable trading insights. AltSignals has already garnered a strong user base of 50,000 users, who benefit from the platform’s AltAlgoTM trading indicator tool with a success rate of 64% on average.

The ActualizeAI trading stack leverages machine learning algorithms and natural language processing (NLP) to enhance trading signals and provide a reliable solution for decision-making. The platform utilizes reinforcement learning to balance risk and reward ratios, eliminating emotional bias from trading decisions. AltSignals is currently conducting the presale of its cryptocurrency, ASI, in preparation for the launch of the AI platform.

Binance’s Incubation Program Tailored for Web3

The Binance Labs Incubation Program is a three-month initiative designed to meet the needs of founders in the fast-paced Web3 sector. Startups accepted into the program receive tailored resources and one-on-one mentoring sessions with industry experts. Founders also have access to fireside chats with business luminaries, including founders of portfolio companies from Binance and Binance Labs.

Binance Labs is particularly interested in startups working in the fields of infrastructure, decentralized finance (DeFi), and the application layer. The program also covers sub-areas such as MEV, ZK Proofs, Layer 2 Scaling, Lending & Borrowing, Perpetuals & Derivatives, Investing, AI-Powered DApps, Web 2.5 DApps, Analytics, and SocialFi.

The goal of Binance Labs is to support the most promising Web3 projects and drive innovation in the industry.

Frequently Asked Questions (FAQ)

1. How can startups apply for Binance Labs’ Incubation Program?

Startups can apply for the Binance Labs Incubation Program by submitting their applications through the official application process.

2. What resources do startups receive in the Incubation Program?

Accepted startups in the Incubation Program receive tailored resources, including mentoring sessions, educational programs, and access to business luminaries through fireside chats.

3. What areas of interest does Binance Labs focus on for the Incubation Program?

Binance Labs is particularly interested in startups working in the fields of infrastructure, decentralized finance (DeFi), and the application layer. The program also covers various sub-areas within these sectors.

4. How does AltSignals utilize AI in its trading stack?

AltSignals utilizes artificial intelligence in its trading stack, known as ActualizeAI, to provide advanced trading insights. The platform combines generative AI capabilities, machine learning algorithms, and natural language processing to enhance trading signals and decision-making.

5. What is the success rate of AltSignals’ trading indicator tool?

AltSignals’ trading indicator tool, AltAlgoTM, has an average success rate of 64%. The platform aims to increase this rate to over 80% through the utilization of AI.

Sources:

1. Binance Labs: https://twitter.com/BinanceLabs/status/1674736149024378881?s=20

2. AltSignals: https://token.altsignals.io/?utm_source=media&utm_medium=artc&utm_campaign=coinjournal&utm_term=internal&utm_content=current_news


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