A Singapore-based crypto exchange is launching a new platform to support up-and-coming digital asset projects.
In a new press release, BingX says it’s launching BingX Labs, a new crypto project incubator that aims to help up-and-coming crypto projects with high potential efficiently distribute their tokens.
According to the press release, BingX is interested in projects deemed to “exhibit strong marketing, user acquisition potential, and innovative technical solutions,” though no specific digital assets were mentioned. The firm says it will offer market-making, technical support, and strategic consulting services to clients.
“The lab is open to collaborating with successful and experienced Web3 teams and supporting industry-leading projects which demonstrate significant potential and market traction.
Utilizing the increased trading volume and a larger community from the BingX exchange, BingX Labs is committed to supporting projects from their early stages and helping them succeed in the capital market.”
As stated by Vivien Lin, the head of BingX Labs,
“Our mission at BingX Labs is to bring quality Web3 projects to a supportive and knowledgeable community. The diverse user base of BingX and our market insights can significantly benefit Web3 projects, providing them with global exposure.
We are committed to using our internal and external resources to help these projects become successful. We also aim to provide quality assets to our users, which is a scarce resource in the current market.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Yurchanka Siarhei/Andy Chipus
The post Singapore-Based Crypto Exchange BingX Launches New Crypto Project Incubator, BingX Labs appeared first on The Daily Hodl.