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BNB Chain and Binance Labs Collaborate With Top VCs To Launch BNB Incubation Alliance (BIA)

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[PRESS RELEASE – Dubai, UAE, June 13th, 2024]

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, and Binance Labs, the venture capital and incubation arm of Binance, today announced the launch of BNB Incubation Alliance (BIA). With the ethos of “building together to fast-track your Web3 journey,” the BNB Incubation Alliance is an alliance aimed at fostering early-stage blockchain projects through a series of global events, co-hosted with industry Venture Capitalists, Incubators, and developer communities.

Designed to fast-track the Web3 journey for emerging blockchain projects, BNB Incubation Alliance provides a coveted opportunity for participating projects to secure direct admission to the BNB Chain Most Valuable Builder (MVB) program, receive BNB Chain grants, and Binance Labs investment opportunities. Additionally, it gives participants access to the Launch-as-a-Service (LaaS) package. Covering infrastructure, security, and treasury management to business growth and marketing, LaaS, in collaboration with BNB Chain ecosystem partners, aims to accelerate project success through a range of benefits including free services worth up to US$300,000.

The BNB Incubation Alliance’s operation is simple yet strategic—collaborating with partners to host globally held events that identify promising projects to incubate. Focused on early-stage projects selected by partners, these events will choose projects that fit well-defined criteria—early-stage blockchain ventures in the incubation stage, pre or post-product launch. Judging and awards will be facilitated by a panel comprising representatives from co-hosts and co-organizers.

The events are scheduled as follows with exact dates being shared closer to the event date:

  • July in Brussels, Belgium during EthCC 2024 
  • July in Nashville, USA during Bitcoin 2024 (to be confirmed)
  • September in Singapore during Token 2049 (to be confirmed)
  • October in Dubai, UAE during Binance Blockchain Week (to be confirmed)
  • November in Bangkok, Thailand during DevCon and ETHGlobal (to be confirmed)

BNB Incubation Alliance events will include keynote addresses, Q&A sessions, presentations and demos, networking sessions with BNB Chain, Binance Labs, VCs, incubators, and a gala party where the winning projects will be awarded.

A perk that winners of BNB Incubation Alliance events will receive is eligibility for fast-tracking into the BNB Chain MVB Program—a highly competitive incubator program jointly hosted by BNB Chain, Binance Labs, and CMC Labs. Winning projects can bypass the screening process and rounds of interviews, granting direct admission to this sought-after program offering strategic partnerships, industry-leading collaboration, advisory support, and accessible resources to aid Web3 startups. During MVB Season 7, 13 early-stage Web3 projects were selected from over 700 applicants for a 10-week accelerator. The program offered expert-led sessions, and mentorship, and concluded with a Demo Day where Binance Labs will decide on investments based on project performance.

The BNB Chain Core Development Team said: “We created the BNB Incubation Alliance to fast-track the Web3 journey for promising projects, equipping emerging talent with the tools, network, and knowledge they need to succeed. Aimed at further fostering innovation and equipping developers with the best support for their Web3 projects.”

Yi He, Head of Binance Labs said: “BNB Incubation Alliance reaffirms Binance Lab’s commitment to incubating and nurturing the next generation of blockchain talent, serving as a launchpad for Web3 projects.”

Users cab visit here to find out more about the BNB Incubation Alliance, and keep updated on X.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

  • BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
  • opBNB: A scalability L2 that delivers the lowest gas fees of any L2 and rapid processing speeds.
  • BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

For more, follow BNB Chain on X or start exploring via our Dapp library.

About Binance Labs

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X.

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Cryptocurrency

MemeFi Club Tips Crypto All-Stars Meme Coin Staking Project as Potential Binance Listing

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Popular crypto YouTube channel MemeFi Club just dropped a big prediction about Crypto All-Stars – saying it could land a Binance listing soon.

The project’s staking protocol and rising presale hype have caught the channel’s attention during its latest meme coin market breakdown.

So let’s take a look at Crypto All-Stars and what all the hype is about.

MemeFi Club Thinks STARS Token Could Obtain Binance Listing Soon

With over 3.8 million subscribers, MemeFi Club has become one of crypto YouTube’s biggest names.

The channel, which started as the official content hub for the Web3 fighting game MemeFi, now moves markets with its token outlooks.

Its latest bombshell is a deep dive into Crypto All-Stars.

The video, “Crypto All-Stars & Binance: The Next Big Meme Coin to Stake?,” has racked up 712,000 views in 11 days.

It discussed Crypto All-Stars’ growing market presence and drew parallels to NEIRO – another meme coin that landed a Binance listing.

However, it’s not just this potential listing that MemeFi Club is excited about.

They also seem interested in Crypto All-Stars’ MemeVault staking platform, which sets it apart from typical meme coins.

Such an endorsement from a channel like MemeFi Club is huge.

Given that Crypto All-Stars is still in its presale phase, the interest this video has generated could create even more momentum for the project’s planned DEX launch.

The MemeVault – Where Meme Coins Become Yield-Bearing Assets

Let’s take a closer look at Crypto All-Stars’ MemeVault platform.

Think of it like a rewards hub where investors can stake popular meme coins like DOGE, PEPE, and FLOKI to earn STARS tokens.

For example, someone holding 100,000 PEPE could stake those tokens in the MemeVault, rather than just holding them in their crypto wallet.

This would turn PEPE into a yield-bearing asset.

Built on the ERC-1155 standard, the MemeVault’s main aim is to unite the meme coin landscape into one ecosystem.

The project’s tokenomics structure backs up this goal.

A 25% chunk of the STARS supply has been set aside for staking rewards, with another 25% reserved for development in the “War Chest.”

The presale allocation sits at 20%, marketing takes another 20%, and 10% is set aside for liquidity.

These allocations suggest the team is focused on sustainability.

By encouraging users to stake multiple meme coins in the MemeVault, Crypto All-Stars is betting that interconnectedness will set it apart from the thousands of useless meme coins that launch monthly.

STARS Presale Catches Fire & Raises $2.7M Ahead of DEX Listing

The buzz around Crypto All-Stars has translated to presale momentum.

With $2.7 million raised so far, investors seem eager to grab STARS tokens at the current price of $0.0015248.

The project is keeping things accessible, too – accepting both crypto and card payments.

Looking ahead, the roadmap is packed with potential catalysts.

Token claiming and a DEX listing is expected to happen just after the presale wraps up, which could create huge initial trading volume.

And with MemeFi Club’s recent coverage putting eyes on the project, that Binance listing speculation isn’t likely to die down anytime soon.

The team also plans to roll out the full version of the MemeVault.

Crypto All-Stars’ Telegram channel members are already excited about this upcoming milestone.

Ultimately, as with any presale project – especially one in the meme coin niche – nothing is guaranteed.

But given Crypto All-Stars’ enormous early momentum, it’s one to watch as we enter the final part of 2024.

Visit Crypto All-Stars Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Cryptocurrency

Tether CEO Denies WSJ Report Of Federal Investigation

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The U.S. federal government is investigating Tether – issuer of the world’s largest stablecoin, USDT – for possibly violating anti-money laundering rules and sanctions, the Wall Street Journal reported on Friday.

  • Following the news, Bitcoin’s price plummeted from $68,600 to $66,589 at writing time.
    Prosecutors at the Manhattan U.S. attorney’s office are investigating whether the USDT cryptocurrency is being used by third parties to evade the law.
  • However, Tether CEO Paolo Ardoino responded to the news by saying that no such investigation is underway.
  • “As we told to WSJ there is no indication that Tether is under investigation,” Ardoino wrote to Twitter. “WSJ is regurgitating old noise. Full stop.”
  • Tether is one of the longest-standing stablecoins and has always managed to satisfy redemptions and maintain its peg until now.
  • Suspicion has circulated throughout the years that its $100 billion reserves cannot be found, but Cantor Fitzgerald CEO Howard Lutnick has claimed that his company looks after the US Treasury bills that are backing Tether’s tokens.
  • Tether has faced attacks from both Coinbase and Circle for allegedly facilitating terrorist financing. “I hope that they’re looking at this seriously given Tether’s reputation, as well as the data that we’ve seen that they’re contributing to terrorist financing and other malign activities,” a Circle representative told Congress in February.
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Lido DAO Approves Community Staking Module for Ethereum Mainnet Activation

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Following a successful vote, Lido DAO has given the go-ahead to activate the Community Staking Module (CSM) on the Ethereum Mainnet.

As the first Lido Protocol feature to allow open access, CSM aims to allow a broader range of participants to operate Ethereum validators, even with minimal technical experience and less than 32 ETH.

Boosting Decentralization

According to the official press release shared with CryptoPotato, CSM will initially roll out to Early Adoption participants, but there are plans to make it fully permissionless soon.

The CSM aims to address several aspects of the Ethereum solo staking landscape by enabling users to participate with smaller ETH deposits. The initial bond requirement is set at 2.4 ETH (or 1.5 ETH for those approved for Early Adoption) for the first validator, dropping to 1.3 ETH for each additional validator.

Early Adoption participants, selected based on a community-led assessment of potential solo stakers, can start using CSM to run validators before it opens up to everyone.

Dmitry Gusakov, Lido Protocol Contributor and CSM Technical Lead, said that the new CSM model will allow more people to contribute to Ethereum’s security and decentralization, creating a healthier, more resilient network.

“We want to break down barriers, making it possible for anyone—regardless of their financial circumstances or technical expertise – to help secure Ethereum. Beyond technology, we’re also supporting the burgeoning global solo staker community through the Community Lifeguards Initiative to ensure everyone has the resources and knowledge they need to succeed.”

CSM Testnet Success

According to Lido, the CSM aligns with Ethereum co-founder Vitalik Buterin’s vision of empowering solo stakers to strengthen the network’s resilience. By enabling more independent stakers to join, CSM helps lessen the concentration of validation control held by a few large, permissioned entities. This increased diversity among operators is expected to boost “Ethereum’s security, resilience, and censorship resistance.”

Starting on July 1st, 2024, the CSM testnet has been live on Ethereum’s Holesky testnet and continues to be available. During this period of over three months, around 370 node operators have taken part, with 70 solo stakers joining in just the first 10 days.

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