InsurAce.io is delighted to confirm that they have been chosen to enrol in into BNB Chains MVB IV incubation program.
InsurAce.io is part of the fourth batch of 5 projects that have been enrolled by BNB Chain and they will have access to private events, mentorship and support opportunities and so much more.
Over 300 applications have been made by DeFi protocols from across the globe and InsurAce.io faced some stiff competition to be selected for this opportunity.
Binance launched this program to bolster the cryptopreneurial community and to provide more support to builders innovating on the BNB Chain. This is the fourth season of Binance’s MVB program and is the most exciting version to date. This edition is all about MetaFi, Smarter DeFi for the Web3 universe.
All recipients of this version will also receive an investment offer from BNB Chain. InsurAce.io can now be chosen as a monthly star and also have the opportunity to be in the final 3 projects for “Top Players” this coming April.
As part of Binance’s $1bn growth fund, $300m has been dedicated to the MVB program, to support early-stage startups and bootstrap their growth. InsurAce.io believe that 2022 is the year of DeFi insurance and BNB Chain’s faith in the project solidifies the faith that the team has.
If InsurAce.io is chosen as a monthly star, they will receive the following benefits:
- Direct Investment Offer
- MVB Incubation Program: Introduced in #MVBIII, the MVB Incubation Program has accelerated many new and emerging startups by providing them with education, support, funding, network, and more!
- Marketing & Community Support (Global and Regional): BNB will leverage Marketing/PR expertise and use their community reach to help promote InsurAce.io and gain traction by designing campaigns, events, and activities based on needs and preferences.
- Security support from top auditing and security institutions
- Potential Opportunity towards Binance Labs Incubation Program: To help InsurAce.io better integrate into the Binance ecosystem.
This is a very exciting opportunity for the team at InsurAce.io, Oliver Xie, the founder explains:
“We are delighted to have been chosen by BNB Chain as one of only five projects in the third batch of the fourth season of the MVB program. We have exciting things coming up, 2022 is an enormous year for us and to be recognized by a committee of the biggest players in the industry is a real honor. We hope to repay the faith shown in us and we look forward to working directly with BNB Chain.”
InsurAce.io is a decentralized multi-chain insurance protocol, to empower the risk protection infrastructure for the DeFi community. InsurAce.io offers portfolio-based insurance products with optimized pricing models to substantially lower the cost; launches insurance investment functions with flexible underwriting mining programs to create sustainable returns for the participants, and provides coverage for cross-chain DeFi projects to benefit the whole ecosystem.
At the time of writing, InsurAce.io has provided coverage to 111+ protocols, safeguarding over $255M DeFi assets on 16+ public chains.
InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey Group, Huobi DeFi Labs, Hashed, IOSG, Signum Capital, Long Hash Ventures and a dozen of other top funds.
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