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Introducing a $10 Million Fund to Support Projects in the Polkadot Ecosystem

We are establishing a $10 million fund to empower innovative projects to be built around the Polkadot ecosystem. This fund is part of our wider commitment under Binance Launchpool to bring the decentralized finance (DeFi) experience to Binance users.

Polkadot is a fast-growing blockchain ecosystem supporting over 300 ecosystem projects to-date, including the recently launched Reef Finance. As a multi-chain operating environment, Polkadot supports cross-chain registries, computation, assets and data transfer. 

Building a Broader Polkadot Ecosystem

In addition to investment opportunities, eligible Polkadot projects will benefit from resources available from the greater Binance ecosystem: access to millions of customers, media distribution, knowledge sharing, financing, derivatives, financial management, and other comprehensive resources and financial support. 

High-quality projects will also have the opportunity to get fast track review for Launchpool and Launchpad. Additionally, DOT will be added as a part of the Launchpad token session and Launchpool pools. 

How to Apply for the $10 Million Fund

We will soon call upon DeFi projects to submit their proposals to be one of the beneficiaries of this fund. The selection criteria will follow the same standards used for Binance X, Binance Labs, and Binance Launchpad. Funding amounts will vary per project and will take into consideration the following factors: 

- Relatively maturity of project development

- Readiness for large-scale adoption

- A strong and committed team

- Potential to benefit the growth and development of the wider crypto ecosystem

For projects interested in applying for funding, please reach out to labs@binance.com for more information.