Bibox Crypto Exchange rolls out Blockchain project incubator

Leading cryptocurrency exchange Bibox launches an incubator for blockchain projects called Bibox Orbit, according to an announcement published on March 30.

Bibox, based in Estonia – the ninth largest cryptocurrency exchange in terms of adjusted trade volume – has revealed that it is introducing Bibox Orbit, an incubator for blockchain projects.

The announcement does not specify the exact date of the project launch and only says that "it aims to provide the best growing environment for high-potential blockchain projects and helps them with long-term ecological construction and development."

In August 2018, the large cryptocurrency exchange Binance expanded its services by launching an incubator program called Binance Labs. The initiative is intended to help starting blockchain and digital asset projects and entrepreneurs through direct investment and technical assistance.

Last December Binance Labs released its first batch of blockchain projects from its Incubation Program. After a try-out tour with more than 500 applicants, Binance Labs selected only eight projects, each receiving $ 500,000 in seed funding and having access to the necessary resources and mentors.

In February, the Iota Foundation, the company behind the cryptocurrency of the same name, collaborated with startup incubator Nova, which wants to fund new startups with the Iota platform through the "Iota Cofoundery" program on Nova & # 39; s website. The program focuses on the early stages of startup development and seed financing and also offers selected startups access to Nova & # 39; s mentoring program and tech startup team, reportedly comprising more than 20 startup consultants.

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