InsurAce.io has announced that they have been selected to participate in the BNB Chain’s MVB IV incubation program. InsurAce.io is one of only five startups that BNB Chain has enlisted in the fourth batch, and as a result, they will have access to private events, mentoring,support possibilities, and so much more.
Over 300 DeFi protocols from across the world submitted applications, and InsurAce.io fought off some fierce competition to be chosen for this opportunity, thereby highlighting its significance.
Why is this important?
Binance developed this initiative to encourage the cryptopreneurial community and builders working on the BNB Chain. Binance's MVB program is presently in its fourth season, and it is the most thrilling version yet. The latest edition is all about MetaFi, Smarter DeFi for the Web3 sector.
InsurAce.io could now be picked as a monthly star, as well as be one of the final three projects for ‘Top Players' in April.
Also, Binance's $1 billion growth fund includes $300 million for the MVB program, which aims to promote early-stage entrepreneurs and bootstrap their growth. InsurAce.io believes that 2022 will be the year of DeFi insurance, and BNB Chain's belief in the project validates the team's theory.
What will happen if InsurAce.io is selected as a monthly star?
If InsurAce.io is picked as a monthly star, they will get a variety of additional benefits. The 'Direct Investment Offer' is the first, followed by the 'MVB Incubation Program,' which was created during #MVBIII and has accelerated numerous new and developing startups by supplying them with education, assistance, money, networking opportunities, and more.
There will also be global and regional marketing and community assistance, with BNB leveraging marketing and PR skills and utilizing their community reach to help promote InsurAce.io and gain momentum by crafting campaigns, events, and activities depending on requirements and preferences. Furthermore, leading auditing and security institutes will give robust security support and lastly the potential selection will involve a rare opportunity towards the Binance Labs Incubation Program which can help InsurAce.io better integrate into Binance’s ecosystem.
InsurAce.io is a decentralized multi-chain insurance protocol designed to strengthen the DeFi community's risk protection infrastructure. It was founded less than a year ago and already protects more than 114+ protocols across 16+ public chains. It also has $262 million+ TVL.
Essentially, InsurAce.io offers portfolio-based insurance products with optimized pricing models to greatly reduce costs. It launches insurance investment functions with flexible underwriting mining programs to generate long-term returns for participants in addition to providing coverage for cross-chain DeFi projects to benefit the entire ecosystem.
DeFiance Capital, Parafi Capital, Alameda Research, Hashkey Group, Huobi DeFi Labs, Hashed, IOSG, Signum Capital, Long Hash Ventures, and a slew of other notable firms have already invested in InsurAce.io. For more information and regular updates, visit the official website and Twitter, LinkedIn and Telegram channels.