To support blockchain entrepreneurs with business resources, Bibox is launching Bibox Orbit, as announced on March 30. Orbit will provide a nurturing environment to blockchain projects with ecological construction & support for long-term development.
In August 2018, major cryptocurrency exchange Binance expanded its services by launching an incubator program dubbed Binance Labs. The initiative seeks to help early-stage blockchain and digital assets projects and entrepreneurs through direct investments and technical assistance.
Last December, Binance Labs released its first batch of blockchain projects from its Incubation Program. Following a try-out tour with over 500 applicants, Binance Labs selected only eight projects, each of which received $500,000 in seed funding and access to necessary resources and mentors.
Bibox is one of the largest cryptocurrency exchanges in the industry and its incubation program, Bibox Orbit will support the development phase of blockchain projects so that they can get the seed funding or grants to compete in the market.