Meet the Winners of the Fifth Batch of Cronos Ecosystem Grants
Cronos Labs is supporting seven projects with its latest grants, including OpenLeverage, BitQuery, Kairos, Unmarshal, SubQuery, Hummingbot and Market.
Cronos Grants to Seven Projects
Cronos Labs, the startup incubator of the Cronos Chain, recently released the latest set of protocols that would receive financial aid and mentorship under the Cronos Ecosystem Grants scheme.
The Cronos Ecosystem Grant was set up in December 2021 to support innovative projects building on the chain. In the past year, the grant has run five cycles. In a tweet on Oct. 3, the chain unveiled seven protocols as winners of Batch #5 of the grants program.
The Lucky Seven
A total of 180 protocols applied for the fifth batch of funding in the following categories: Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), Gaming & Metaverse, Tools & Analytics, Critical Infrastructure, Social Goods and Community Engagement, other Web3 Applications.
Here are the seven projects who won grants:
OpenLeverage
OpenLeverage offers users permissionless leveraged lending and margin trading. The platform took part in Season 4 of Binance Labs' Incubation Program and afterward received strategic funding from Binance Labs. Back in September, OpenLeverage teased its SocialFi concept, which aims to build a Web3-style social network for DeFi protocols and their communities.
BitQuery
BitQuery is a chain-agnostic on-chain data services provider. The platform's suite of APIs, Dashboard Analytics, Explorers, Widgets, etc., enables Cronos blockchain data to be queried, parsed, indexed or stored. In September 2022, BitQuery raised a seed fund of about $8.5 million through prominent investors, including Binance, Pulsar Global, OKX, etc.
Kairos
Kairos is an innovative lending protocol pushing a new use case for NFTs. The protocol permits users to deposit their NFTs as collateral. Currently, Kairos supports the top 10 blue-chip NFT collections, including Bored Ape Yacht Club, Doodle, CryproPunk, etc. If a borrower fails to repay their loans, the platform will put up the borrower's NFT for auction.
Unmarshal
Unmarshal provides decentralized multi-chain data aggregation for NFT, Metaverse, and DeFi applications. The platform is expanding to Cronos Chain, bringing its data API and other products to Cronos.
SubQuery
SubQuery is building an open, fast, and flexible data indexing framework to power Web3. SubQuery supports data indexing across over 100 supported networks and is deploying on Cronos. SubQuery's open-source API will enable Cronos dApps to query blockchain data with fast sync times.
Hummingbot
Hummingbot provides traders with tools to build professional crypto trading bots for arbitrage and market-making. Hummingbot will launch its gateway with utilities for automated arbitrage strategy management, etc.
Market
Market enables a permissionless community-centered lending experience. The platform aims to provide equal lending opportunities for the DeFi community. Users of the protocol earn returns when collateralizing their assets on isolated markets.
The Cronos ecosystem is rapidly expanding, fueled in part by the Cronos Ecosystem Grants initiative. A total of 26 projects have now benefited from the grants, while according to Cronos News, over 200 projects have been built on the chain.
What Is Cronos:
Cronos is an Ethereum-compatible layer-1 blockchain network built on the Cosmos SDK technology. The network was designed to scale the decentralized finance (DeFi) sector and user base of the decentralized application (dApps) by enabling developers to instantly port dApps and assets from other layer-1 blockchain networks like Ethereum, Solana, BNB Chain, and Terra.
Where to find Cronos:
Website | Documentation | Twitter | Telegram | Discord | Github
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Offering transparent governance and promising a 100X return opportunity, analysts anticipate Raffle Coin's potential to become a "blue-chip" cryptocurrency.
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Let's dive further to understand what makes Raffle Coin (RAFF) an interesting contender in decentralized finance (DeFi).
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At just $0.020 per token, there is no doubt that, in the presale stage, Raffle Coin (RAFF) will be luring investors for huge returns as it snowballs. Analysts and enthusiasts alike are waiting for Raffle Coin (RAFF) to become a "blue-chip" cryptocurrency, considering the strategic partnerships and features developed to be user-centric.
Conclusion
The high return presale of Raffle Coin (RAFF) is calling the attention of investors in the crypto space. With an innovative model, strategic partnerships and a fast-growing community, Raffle Coin (RAFF) is poised to carve its name in DeFi history. In this respect, from the unfolding of the project, it is clear that Raffle Coin (RAFF) is more than a cryptocurrency but a change engine for the decentralized platforms and the raffle world.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here.
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $300. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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