A Singapore-based crypto exchange is launching a new platform to support emerging digital asset projects.
In a new press release, BingX says say it is launching BingX Labs, a new crypto project incubator that aims to help emerging crypto projects with high potential distribute their tokens efficiently.
According to the press release, BingX is interested in projects deemed to “exhibit strong marketing, user acquisition potential and innovative technical solutions,” although no specific digital assets were mentioned. The company says it will provide customers with market making, technical support and strategic advisory services.
“The lab is open to working with successful and experienced Web3 teams and supporting leading projects that demonstrate significant potential and market traction.
By leveraging the increased trading volume and larger community of the BingX exchange, BingX Labs is committed to supporting projects from their early stages and helping them succeed in the capital markets.”
As Vivien Lin, the head of BingX Labs, says:
“Our mission at BingX Labs is to bring quality Web3 projects to a supportive and knowledgeable community. BingX’s diverse user base and our market insights can significantly benefit Web3 projects, helping them gain global exposure.
We are committed to using our internal and external resources to make these projects a success. We also strive to provide quality resources to our users, which is a scarce resource in today’s market.”
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Featured image: Shutterstock/Yurchanka Siarhei/Andy Chipus