- Binance Labs has started accepting applications for its sixth season incubation program for Web3 innovation.
- The Incubation Program offers customized resources and mentoring to startups.
- At the same time, AltSignals’ first-stage pre-sale reached 96.71%.
Season 6 of the prestigious Binance Labs incubation program is now on Acceptance of requests. The goal of the program is to foster innovation in the Web3 industry, a rapidly expanding field at the forefront of the digital revolution.
Binance Labs Incubation Season 6 opens at a time when a crypto-based artificial intelligence project, AltSignals, is running a presale of its native ASI token.
Binance Labs’ track record of accelerating startups is strong. Over 900 applications were submitted for the program’s previous season. After a comprehensive 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 distinct project teams, demonstrating the huge potential and talent unearthed by the program.
Crypto-based AI project for AltSignals
Creating a brand new AI-powered trading stack, AltSignals is embracing the potential of generative AI with its upcoming platform ActualizeAI that uses blockchain technology and AI to create the highest trading intelligence available online.
For a number of reasons, AltSignals has already been hailed as one of the cryptocurrency platforms with a very promising future. It was launched in 2017 and has been developed to support 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 vast potential of artificial intelligence to create the ActualizeAI trading package in an effort to raise this rate to more than 80%. As it prepares to launch its AI platform, AltSignals is currently conducting the pre-sale of its cryptocurrency, ASI.
ActualizeAI combines a number of cutting-edge generative AI capabilities to provide a comprehensive solution that is remarkably powerful for enabling profitable decision-making. The tool uses machine learning algorithms to apply rule-based logic to understand how the markets work. Natural Language Processing (NLP) also uses trader sentiment analysis with accelerated learning. This improves production quality, redundancy, and volume, providing a reliable and flexible trading insights solution.
To help members benefit from the best buying and selling prices, ActualizeAI uses reinforcement learning to automatically balance the risk/reward ratio on all trades. This helps remove emotions from the decision-making process. Users benefit from the latest information available thanks to a system that is constantly learning and enhancing the caliber of its trading signals.
Binance incubation software designed specifically for Web3
The three-month program is specifically designed to meet the changing needs of founders in this fast-paced sector. Her tutorial is entirely dedicated to creating Web3 startups. The program’s resources are encouraged to be used by the founders as they develop their concepts and iterate on their products.
One-on-one mentoring sessions and access to live chats with notable business figures, including the founders of wallet companies from Binance and Binance Labs, are included in this special opportunity.
Additionally, for its incubation program, Binance Labs is looking for startups in specific areas of interest. Infrastructure, decentralized finance (DeFi), and application layer are some of these areas. Several 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 under these segments.
By focusing on these areas, Binance Labs aims to nurture the most promising and innovative Web3 projects.