Binance Labs has started accepting Season 6 Incubation Program applications for Web3 innovation.
The incubation program offers tailored resources and mentoring for startups.
At the same time, the first stage of AltSignals presale has hit 96.71%.
The sixth season of Binance Labs’ prestigious Incubation Program is now accepting applications. The program’s goal is to promote innovation in the Web3 industry, a rapidly expanding field at the vanguard of the digital revolution.
The sixth season of the Binance Labs Incubation program opens at a time when the exiting crypto-based AI project AltSignals is running the presale of its native token ASI.
The track record of Binance Labs in accelerating startups is strong. Over 900 applications were submitted for the program’s previous season. After a thorough review process, 12 project teams were chosen. These teams represented a range of industries, including infrastructure, security, and decentralized finance (DeFi).
Out of the 12, Binance invested in five standout project teams, demonstrating the enormous potential and talent that the program unearths.
AltSignals’ crypto-based AI project
With the creation of a completely new trading stack powered by artificial intelligence, AltSignals is embracing the potential of generative AI through its upcoming platform ActualizeAI which uses blockchain technology and AI to create the highest calibre trading intelligence available online.
For a number of reasons, AltSignals is already hailed as one of the cryptocurrency platforms with a very promising future. It was launched in 2017 and it has developed to support a community of more than 50,000 users, all of whom benefit from the platform’s patented AltAlgoTM trading indicator tool that boasts an exceptional success rate of 64% on average.
AltSignals is utilizing the immense potential of AI to create its ActualizeAI trading stack in an effort to raise this rate to over 80%. As it readies for the launch of its AI platform, AltSignals is currently conducting the presale of its cryptocurrency, ASI.
The ActualizeAI combines a number of cutting-edge generative AI capabilities to provide a remarkably potent all-in-one solution for enabling profitable decision-making. The tool uses machine learning algorithms to apply rules-based logic to understand how markets function. Natural language processing (NLP) also uses trader sentiment analysis while speeding up learning. This improves output quality, frequency, and volume, offering a reliable and flexible solution for trading insights.
To help members benefit from the best buy and sell prices, ActualizeAI uses reinforcement learning to automatically balance the risk/reward ratio on all trades. This helps to remove emotions from the decision-making process. Users benefit from the most recent information available thanks to a system that is constantly learning and enhancing the calibre of its trading signals.
Binance’s incubation program tailored for Web3
The three-month program is specifically designed to meet the changing needs of founders in this fast-paced sector. Its educational program is totally dedicated to creating Web3 startups. The program’s resources are encouraged to be used by founders as they develop their concepts and iterate on their products.
One-on-one mentoring sessions and access to fireside chats with business luminaries, including the founders of portfolio companies from Binance and Binance Labs, are included in this special opportunity.
Additionally, for its Incubation Program, Binance Labs is looking for startups in particular fields of interest. Infrastructure, Decentralized Finance (DeFi), and the Application Layer are some of these areas. Numerous sub-areas, including MEV, ZK Proofs, Layer 2 Scaling, Lending & Borrowing, Perpetuals & Derivatives, Investing, AI-Powered DApps, Web 2.5 DApps, Analytics, and SocialFi, are included within these sectors.
By concentrating on these regions, Binance Labs aims to sponsor the most promising and innovative Web3 projects.