• LBank Labs has announced the establishment of a $10 Million MEME Special Fund.
• The fund is intended to encourage high-quality early-stage innovative MEME projects and foster industry growth.
• A leaderboard will be established to periodically announce the list of recipients, with fund distribution expected to be completed within the next year.
LBank Labs Establishes $10 Million MEME Special Fund
Road Town, BVI, July 4th, 2023, Chainwire – LBank Labs, the venture capital arm of the global exchange LBank, has today announced the establishment of a $10 Million MEME Special Fund. The move is intended to encourage high-quality early-stage innovative MEME projects, foster industry growth, and give back to the wider community.
Fund Allocation Based on Quality & Influence
LBank Labs will seek innovative and quality-driven MEME projects globally, emphasizing LBank’s influence and commitment to the worldwide MEME project landscape. Funding allocation will be based on the quality and influence of the projects, and the fund will be directly donated to eligible project teams.
Leaderboard To Highlight Accomplishments & Contributions
A leaderboard will be established to periodically announce the list of recipients, highlighting the accomplishments and contributions of the projects. It is anticipated that fund distribution will be completed within the next year, with the first list of donations to be released in early July.
Application Process Details Now Available
The application process is straightforward and clear. Details on how to apply and further information will be published on the LBank Labs official website in early July.
LBank Committed To Promoting Development & Innovation
LBank Labs extends an invitation to all globally outstanding MEME innovative projects to apply for this fund and join hands in driving industry growth. LBank Labs remains committed to promoting development and innovation of blockchain industry. It believes that through establishing this special fund more vitality and development opportunities can come into existence for everyone involved in this sector.
