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.”