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Author Topic: Binance Labs to Give $500k to Crypto Startups in Exchange for a 10% Stake  (Read 347 times)

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Binance, the world’s largest cryptocurrency exchange by trading volume, is set to give startups $500,000 along with guidance in exchange for 10% stake in their business. According to TechCrunch, the Binance Labs Incubation Program is set to take on around 8-10 companies per batch for a 10-week period. CEO of Binance Labs, Ella Zhang, noted the company is looking for startups from all over the world and plans to hold one batch per quarter.

Binance's goal is to catch real blockchain use cases that will help it "thrive." 

https://www.cryptoglobe.com/latest/2018/08/binance-labs-to-give-500000-to-crypto-startups-in-exchange-for-a-10-stake/

 

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