- Binance Labs has begun accepting applications for the Season 6 Incubation Program for Web3 Innovation.
- The incubation program offers tailored resources and mentorship to startups.
- At the same time, the first phase of the AltSignals pre-sale reached 96.71%.
The sixth season of the prestigious Binance Labs incubation program now accepting applications. The goal of the program is to foster innovation in the Web3 industry, a rapidly growing field at the forefront of the digital revolution.
The sixth season of Binance Labs’ incubation program kicks off as AI project AltSignals runs the presale of its initial ASI token.
Binance Labs’ track record in accelerating startups is solid. Over 900 applications were submitted in the previous season of the program. After an extensive review process, 12 project teams were selected. These teams represented a range of industries, including infrastructure, security and decentralized finance (DeFi).
Of the 12, Binance has invested in five notable project teams that showcase the talent the program uncovers.
AltSignal’s AI project
With the creation of a brand new AI-powered trading stack, AltSignals embraces the potential of generative AI through its upcoming ActualizeAI platform, which uses blockchain technology and AI to create the best intelligence available online. .
For a number of reasons, AltSignals is already considered to be one of the cryptocurrency platforms with a very promising future. Launched in 2017, it has grown to a community of over 50,000 users, all of whom benefit from the platform’s patented AltAlgoTM trading indicator tool, which has an exceptional success rate of 64% on average.
AltSignals uses the enormous potential of AI to create its ActualizeAI trading stack with the aim of increasing this rate to over 80%. As it prepares to launch its AI platform, AltSignals is currently pre-selling its cryptocurrency, ASI.
ActualizeAI combines a number of cutting-edge generative AI solutions to deliver a remarkably powerful all-in-one solution that enables cost-effective decision-making. The tool uses machine learning algorithms to apply rule-based logic to understand how markets work. Natural Language Processing (NLP) also uses sentiment analysis of traders while accelerating learning. This improves the quality, frequency and volume of output, providing a reliable and flexible solution.
To help members take advantage of the best buy and sell prices, ActualizeAI uses reinforcement learning to automatically balance the risk/reward ratio on all trades. This helps remove emotion from the decision-making process. Users benefit from the most up-to-date information available through a system that is constantly learning and improving the caliber of its trading signals.
Binance’s incubation program adapted to Web3
The three-month program is specifically designed to meet the changing needs of founders in this fast-paced industry. Its training program is completely dedicated to the creation of Web3 startups. Program resources are encouraged to be used by founders as they develop their concepts and iterate their products.
One-on-one mentoring sessions and access to fireside chats with business professionals, including the founders of Binance portfolio companies and Binance Labs, are included in this special opportunity.
For its incubation program, Binance Labs also seeks out startups in special areas of interest. Infrastructure, decentralized finance (DeFi) and the application layer are some of these areas. Many sub-domains including MEV, ZK Proofs, Layer 2 Scaling, Lending & Borrowing, Perpetuals & Derivatives, Investing, AI-powered DApps, Web 2.5 DApps, Analytics and SocialFi are included in these sectors.
By focusing on these regions, Binance Labs aims to sponsor the most promising and innovative Web3 projects.