Spherium, a decentralized finance (DeFi) platform that offers a complete suite of financial services comprising a universal wallet, token swap platform, automated money markets and inter-blockchain liquidity transfer, has rolled out its incubation program called HyperLaunch targeted to bring interoperability to the forefront of DeFi infrastructures.
This program will showcase innovative and exciting blockchain projects across the globe on Spherium’s HyperSwap protocol — a fully decentralized cross-chain interoperable protocol for creating liquidity and swapping tokens.
The primary motive of HyperLaunch is to act as a bridge for aspiring projects who are deployed on a single chain and help them ingress into the varied ecosystem of multi-chains.
Igniting the essence of cross-chain interoperability
HyperLaunch is an initiative aimed at assisting innovative ideas to be transformed into some of the most notable crypto startups in the industry. This also marks a prospective opportunity for purposeful projects to be a part of one of the biggest cross-chain communities.
This incubation program will be an opportunity to launch projects on two major chains, Binance Smart Chain and Ethereum Blockchain, which will be followed by the continuous addition of other major chains and their ecosystems.
Furthermore, incubated projects can also integrate the DeFi-centric solutions developed by Spherium such as yield framing and staking pools or dual framing to offer their users additional use-case and passive earning possibilities.
Spherium is looking for enterprising blockchain projects to participate and drive crypto, nonfungible token (NFT) and DeFi adoption in a hyper-scalable environment.
Among the possibilities of joining, the initial 50 partnering projects will gain some exclusive functionalities added on top of integrating the DeFi solutions built by Spherium.
“Since this is our first incubation program, we’re focusing on startups with innovative blockchain ideas that can be converted into viable projects. We plan to support each startup with community and brand building services,” said Sash Jeetun, co-founder of Spherium Finance.
“We, therefore, encourage startups and those with innovative ideas to participate. This will be an opportunity to launch your projects on multiple chains. We aim to accelerate the growth of blockchain startups going forward,” he added.
Exclusive offerings for the first 50 projects
Being a maiden incubation program from Spherium, HyperLaunch will extend some distinctive additions to its offering for the first 50 partnering projects, which will add substantial value to their growth and roadmap.
- Since the whole concept revolves around creating a more inclusive cross-chain ecosystem, the first 50 projects will have free access to Spherium’s bridge, which is currently deployed on two major chains; Ethereum and Binance Smart chain, with more chains coming soon. This will enable projects to instantly swap tokens and save a fortune on bridge commissions.
- Projects will also be able to create a riveted income stream by listing their token on the cross-chain decentralized exchange (DEX) HyperSwap and getting rebates from bridge commissions paid by their users while swapping tokens. The revenue generated will be directly sent to the participating project to help them build liquidity and revenue.
- Spherium will also lay down extensive marketing and PR activities all along its community channels to bring more eyes and volume onto the project listing on HyperSwap. This means startups projects launched on HyperSwap will get maximum coverage through Spherium’s social channels and its integrated networks in the DeFi space. This is in addition to advisory services offered by professional blockchain experts.
Instilling a surprise grant proposition
To add more incentives to join HyperLaunch, Spherium will also be putting out a grant sum for some of the most awe-inspiring projects and ideas with an impeccable use case. More details on this will be released after the mainnet launch of HyperSwap.
Get ready to join hands with HyperLaunch
From now on and until further notice, projects can start applying for the incubation program and start exploring the opportunities to seed their use-case into a more cross-chain application. Right from the onset, these projects will receive marketing and advisery consultation along with additional resources and potential grants and funding. Read more and apply for the incubation program here.
About Spherium Finance
The Spherium Finance platform offers a complete suite of financial services comprising a universal wallet, token swap platform, money markets and inter-blockchain liquidity transfer. Our platform will function as a global financial service provider, extending fundamental financial services to the unbanked.
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