Recently, Binance announced the incubation plan for the fourth quarter. In this plan, a total of more than 500 projects have applied, and 14 projects have been shortlisted. These projects are: FilSwan, Grindery, NuLink, Starton, CODA Ventures, OpenLeverage, AlterVerse, ChapterX, CoralApp, Gamic Guild, Qwestive, Reveel, Playbux, Ambrosia, etc. Among them, FilSwan, Openleverage and Nulink are Chain Capital’s investment portfolio. Let’s take a look at the details of each project!

[Disclosure] Chain Capital participated in the early investment of FilSwan, Openleverage and Nulink. This article does not constitute any investment advice and is for informational purposes only.

[Author] Mark , Bake (Both the Analysts from Chain Capital)

1. FilSwan（https://www.filswan.com/）

1.1 Introduction

FilSwan is a decentralized storage optimization and cloud computing service project based on the Filecoin ecosystem. It provides a series of tools around the Filecoin ecosystem, such as decentralized storage services, MultiDAO services, payment gateways, edge computing, etc., enabling miners to And users can more easily and quickly integrate into the Filecoin ecosystem. The services provided by FilSwan are divided into five parts:

• IPFS/Filecoin storage service
• Multi DAO service for fund management, proof of computing power, voting, arbitrage, etc.
• Payment gateway, mainly used for payment, wallet integration, pledge, etc. in the Filecoin ecosystem.
• Edge computing provides Container as a service while ensuring privacy.
• CDN accessment

These five services solve some of the pain points currently faced by Filecoin miners. For example, the payment bridge in the payment gateway is an order matching system that matches the miners’ computing power and Filecoin data transmission.

At present, FilSwan has launched a series of products according to the services it can provide, namely Multi-Chain Storage with multi-chain storage function, Filcoin data storage service FS3, order platform FilSwan Platform, Filswan client for users and Filswan client for miners. Filswan provider etc.

1.2 Market Comparison

FilSwan is similar to the services provided by Amazon’s AWS Snow. Both provide cloud services and edge computing services. The differences between FilSwan are:

• FilSwan provides decentralized data input services and edge computing services.
• FilSwan is also a market maker in all data trading markets, and is the first data trading market in the Filecoin ecosystem.
• FilSwan and offers token incentive plan.
• FilSwan can greatly reduce the IT management expenditure of the data center, about 70%.

The number of FilSwan nodes is distributed around the world, about 3000 decentralized nodes, much larger than AWS Snow’s 20 centralized nodes.

1.3 Implementing Cases

In terms of use cases, FilSwan has participated in Longhash Accelerator’s project Filbox, using its own Swan platform to help it encapsulate more than 40TB of data. In addition, FilSwan has also cooperated with some universities, such as providing McGill University with blockchain-based edge computing services for medical data privacy.

1.4 Roadmap

In terms of development planning, FilSwan’s products are currently being developed and tested. It is developing MultiDAO services, and will launch CDN services and edge computing services in Q3 2022.

1.5 Awards

FilSwan has won several awards in the Filecoin ecosystem. The main details are as follows:

1.6 Investment Institutions

In terms of investment institutions, in addition to Binance’s participation in FilSwan’s incubation and some traditional cloud computing and data storage vendors, FilSwan’s partners and investment institutions include: Protocol Labs, Waterdrip, Chain Capital, FBG Capital, LD Capital, Kirin Fund, Chain-link, etc.

1.7 Community

Twitter: 6007 （https://twitter.com/0xfilswan）

Telegram: 117（https://t.me/filswan）

Discord: 613（https://discord.com/invite/MSXGzVsSYf）

2. OpenLeverage（https://openleverage.finance)

2.1 Introduction

The OpenLeverage Decentralized Derivatives Trading Protocol is a permissionless margin trading protocol that enables traders to efficiently and safely go long or short any trading pair on the DEX. Anyone can create a lending pool for any trading pair available on the DEX, with default interest rates and risk parameters that the community can change through a governance process. For lenders, higher yields can be achieved by depositing assets into loan pools, earning interest on borrowed assets, earning OLE rewards, or earning rewards by re-staking LTokens to join other projects’ reward programs. For traders, it is possible to borrow and trade with one click in the transaction. If the collateralization ratio of the transaction is below the market limit, liquidators can trigger liquidations to earn rewards based on the gas price. The main projects are:

• Liquidity margin trading on DEX, connecting traders to trade with the most liquid decentralized markets such as Uni-swap and Pancake-swap.
• Risk-isolated loan pools, with two separate pools for each pair, each with different risk and interest rate parameters, allowing lenders to invest based on risk-reward ratios.
• Calculate risk using live AMM pricing, and calculate collateral ratio for any currency pair available in the DEX using live AMM pricing.
• Two-stage liquidation, forced liquidation to be done in two different transactions to avoid flash loan attacks.

The following figure shows the product logic of Openleverage:

2.2 Competitive Product Comparison

At present, the competing products of Openleverage are Dydx, Perp.Finance and Kashi, etc. The following are some details of the comparison.

2.3 Tokenomics

Openleverage will have two tokens, OLE and xOLE, respectively. OLE is the output of the daily activities of the protocol, and its functions are the lending activities and pledge mining activities in the protocol. You can obtain xOLE by locking OLE. The functions of xOLE are mainly governance, dividend distribution of handling fees, raising loan income, and reducing handling fees for leveraged transactions.

2.4 Roadmap

2.5 Investment Institutions

In addition to participating in the Binance Incubation Program this time, Openleverage completed a seed round and a private round of financing last year, led by Signum Capital and LD Capital, with participation from Chain Capital, FBG Capital, Continue Capital, Kirin Fund and YBB Foundation.

2.6 Community

Twitter: 33500 （https://twitter.com/OpenLeverage）

Telegram: 9301（https:// https://t.me/openleveragechat）

Discord: 17787（http: //discord.gg/openleverage）

3. NuLink（https://www.nulink.org/ ）

3.1 Introduction

3.2 Introduction

NuLink is a DApp privacy solution for developers and institutions, which uses APIs to protect the data security of their applications and prevent leakage. The project has won the grand of Polkadot web3. In addition to encrypting DApps, NulLink can also encrypt NFTs for private auctions and collections.LL

3.3 Core Architecture

The core architecture of NuLink is the red part in the figure, which consists of a storage layer, watcher network, cryptograph layer, and application layer.

3.4 Implementing Cases

NuLink solutions can provide services for many projects with data protection needs, such as NFT transactions, electronic medical records, and IOT device data sharing protection.

3.5 Road Map

NuLink will launch its testnet soon and its main network after Q4 in 2022.

3.6 Investment Institutions

NuLink completed a seed round last year, with participation from BMW Capital, Brotherhood Investment, LD Capital, ChainLayer, Chateau Crypto, Coincu Ventures, CypherVenture, Exnetwork Capital, Glock Capital, Halvings Capital, Kirin Fund, Kangaroo Capital, MacLane Wilkison ( NuCypher’s founder), Maven Capital, OIG Capital.

3.7 Community

Twitter: 4898 （https://twitter.com/NuLink_）Telegram:16019（https://t.me/NuLink2021）Discord:4484（https://discord.com/invite/25CQFUuwJS）

4.Grindery（https://www.grindery.io/）

4.1 Introduction

Grindery is a low-code/no-code middleware automation tool for Web3. General users and enterprises can use this middleware to link apps and DApps on different chains or protocols to realize data transmission, payments, and services. Currently, Grindery supports Algorand, Harmony, Near, and BNB Chain.

At present, Grindery mainly provides services to users in three forms, namely: Grindery Wallet for automatic payments between DAOs.

Grindery Work, which allows DAOS and members to establish contracts for income, bonuses, etc.

Grindery Match. A simple hotspot scenario enables enterprises to deploy and develop their ecosystem quickly.

4.2 Community:

Twitter: 265 （https://twitter.com/grindery_io）Telegram: 37（https://t.me/grinderyupdates）

5. Starton（https://www.starton.io/）

5.1 Introduction

Starton is an API platform, developers can use an API to build Web3 applications, providing users with simple and scalable blockchain technology. Starton claims that by using its API platform, the entire process of deployment and data export can be completed in as little as 5 minutes.

5.2 Function introduction

Deployment: Through Starton’s API interface service, users can easily deploy smart contracts to multiple blockchains, and at the same time, users can ensure the security of their private keys and have full control over them.

Interaction: Starton provides its own code deployment and interactive interface. By using its interface, you can use only a few lines of code to achieve more functions, such as transactions, destruction, and minting, without the need for DApps to achieve the above functions .

Notifications: The Starton platform also provides on-chain real-time notifications, monitoring specific addresses and on-chain actions.

IPFS: Starton will store the files of R&D personnel on IPFS, which users can access in real time.

In general, Starton intends to provide users with a one-stop API interface service, so that users can seamlessly connect all kinds of APPs, plug-ins, etc., and ensure the security of user data.

5.3 Community

Twitter: 11300 （https://twitter.com/starton_io）Telegram: 118（https://t.me/starton_io）Discord: 5686（https://discord.starton.io/）

6. CODA Ventures（https://coda.ventures/）

6.1 Introduction

CODA Ventures is a revenue generation protocol based on BNB Chain. The project mainly provides users with the most suitable and continuous revenue strategy. The whole process does not require continuous monitoring or complex derivatives understanding. The purpose of this protocol is It simplifies the entire process.

6.2 Community

Twitter: https://twitter.com/codaventuresMedium: https://medium.com/@codaventures

7. AlterVerse: （https://alterverse.com/）

7.1 Introduction

A metaverse world supported by Virtual Engine 5 is built on the BNB chain to provide players with a multi-player play to earn mode and experience. The team started designing the composition project vision in July 19. Players can have the following activities in the Metaverse: Buy Land NFT, Build, Shop, Socialize, Gather Resources, Mint NFT, Trade

7.2 Metaverse scene

The above picture shows the first metaverse scene displayed on the official website: Sky City (Sky City), also as the main city of AlterVerse, where players can buy land, shop, socialize, trade NFT, collect resources and other activities. Players are transported from the main city to other metaverse scenes and gain different experiences and diversified revenue models.

For example, the new metaverse scene Outpust will be launched in the future, which is a large-scale space station metaverse scene, where players can participate in the first-person shooter game and obtain rewards from treasure chests, mining, and minting NFTs. Players can also design private territories in Outpust, drive spaceships and participate in various competitions to get rewards. There are currently 200 game servers owned by individuals and game guilds.

In the first quarter of 2023, AlterVerse will also launch a new metaverse scenario Rekt, the theme of which is “Exploration, Survival, Rescue”, players will survive, fight, and mine resources on a planet full of dangers.

7.3 NFT Market

At present, there are 6 types of character goods in the NFT market, namely exteriors, armor, helmets, weapons (hammers), shields, and team uniforms.

The average cost is $100-300. Initially, the entry threshold for players is 600-1800 US dollars.

7.4 Token & Utilities

Not issued any token.

i. Play to Earn reward

ii. NFT trading

7.5 Roadmap

i. SkyCity start on 30 July 2022

ii. Complete the Alpha test of the second metaverse scenario Outpost in Q4 2022

iii. Complete the Alpha test of the third metaverse scenario Rekt in Q1 2023

7.6 Community

Twitter: 21,400（https://twitter.com/alterversegame）Telegram: 2956（https://t.me/alterverse）Discord: 1301（https://discord.com/invite/WuDHQmNkTx）

8. Chapter X: （https://www.chapterx.world/）

8.1 Introduction

The open 3D metaverse allows users to quickly and easily create their metaverse characters and spaces. It will enable more blockchain projects to build in the 3D metaverse and interact with their communities.

A Metaverse Experience for Players to Participate in:

You are able to create your metaverse character Avatar, participate in metaverse games, explore and collect in the metaverse, complete daily tasks, and participate in projects to get rewards.

Metaverse experience of projects on the To business side：

GameFi and PFP projects can establish their metaverse community in Chapter X metaverse. It can promote and hold community activities. Chapter X’s project vision is as follows: Let players explore and innovate in the metaverse, create their metaverse IP, and bring economic value to their activities.

Chapter X’s project vision is as follows:

Let players explore and innovate in the metaverse, create their metaverse IP, and bring economic value to their activities.

Metaverse scene preview

The picture shows that players can interact with various blockchain projects in Chapter X in the metaverse.

8.2 $SEEK Tokens and Functions

Token not issued

i. Vote for DAO governance

ii. Mint personalized NFT characters

iii. Complete daily tasks and get token rewards for activities

iv. Minting peripheral NFTs to bring more experience to the metaverse journey in the future

v. Can be used to participate in subsequent games

8.3 Development Path

i. Q2 2022, complete the Alpha test version,

ii. In Q3 2022, the Alpha version of the metaverse will be launched, and the Genesis NFT will be issued

iii. Q4 2022, Metaverse land sales, Metaverse Beta version

iv. In January 2023, the official version of metaverse will be launched

8.4 Community

Twitter: 6707 （https://twitter.com/ChapterX_world）

Discord: - Not open yet

9. Coral App: （https://mycoralapp.com/）

9.1 Introduction

A fitness, health management and social APP on the blockchain, providing users with a blockchain toolbox for physical and mental health management, social functions, and built-in market trading NFT audio about physical and mental health.

9.2 Product Features

i. ports health management: including step tracking, individual, team challenges, and reward mechanisms

ii. Diet, physical and mental health management: recipes, nutrition tracking, medicine management and mental health, users can find multiple and comprehensive physical and mental health management in the app

iii. Community social function: users can participate in discussions and consult with professionals

iv. Marketplace: Audio NFTs that allow users and creators to trade fitness and health advice

9.3 $CRL Token Features

Token Has Not Been issued.

i. Currency circulating in the App

ii. Engage to Earn rewards

iii. Staking

iv. Participate in Community Voting

9.4 Roadmap

i. The APP will be launched in Q4, 2022 (Android and IOS versions are under development)

9.5 Community

Twitter: 1273 （https://twitter.com/MyCoralApp）Telegram: 445 （https://t.me/CoralTribe）

10. Gamic Guild: （https://gamic.gg/）

10.1 Introduction

The play to earn game union in Africa brings together game gold players to participate in NFT games, and provides a scholarship function to provide its union members with a monthly income of up to 2,000 US dollars. The threshold for players to join a union is low: Requires a computer or mobile phone, Wi-Fi connection, and idle time. No need to buy NFTs as a barrier to entry.

10.2 Status of Unions

About 7500 African gamers. Currently involving 8 popular chain games: Axie Infinity, Thetan Arena, Guild of Guardians, Ark Rivals, Legend of Mitra, Killbox, Infinity Skies, Blast Royale

10.3 Tokens and Functions

Token Has Not Been issued.

10.4 Community

Twitter: 2083 （https://twitter.com/gamicguild）

Telegram: 5835 （https://t.me/gamicapp）

Discord: 15000

11. Qwestive: （https://qwestive.io/Home）

11.1 Introduction

Qwestive is a web3 Community Management (CRM) that helps communities expand and create community management tools through token holder behavior analysis.

Qwestive will embed Management tools in 100 communities.

11.2 Community Management Solutions and Tools:

i. Real-time update of token holder information and positions, based on on-chain and off-chain data analysis

ii. Real-time token holder activity, behavior analysis, and portfolio analysis

Conduct precise airdrops based on the behavior of community users and token holders

iii. Use data to analyze potential partners and use collaboration to expand the community

iv. Communicate directly with token holders to share information and announcements in a precise and targeted manner.

11.3 Tokens and Functions

Not issued

11.4 . Community

Tweitter: 694 （https://twitter.com/qwestive）

Telegram: 26 （https://t.me/qwestive_announcements）

12. Reveel:

12.1 Introduction

On-chain NFT portfolio tracking, automatic income distribution and report generation platform. Main functions:

i. Track NFT asset portfolio and income, and generate reports

ii. Generate a protocol, as well as a partner benefit distribution plan, and automatically distribute the NFT income of different stakeholders according to the contribution and terms

12.2 Tokens and Functions

Not issued.

12.3 Community

Twitter: None

Discord: None

13 PlayBux: （https://playbux.co/）

13.1 Introduction

The decentralized metaverse scene exchange and lending and loan platform on the blockchain is unique in the NFT metaverse experience and has a real-life fiat currency cashback function. Metaverse scene references are as follows: Users can design their own metaverse characters with NFT elements and experience one-stop exchanges and basic DeFi services. In addition, users can not only interact and socialize with other users in the metaverse, but also one-stop Interact with other Dapps of the BNB chain (such as PancakeSwap, Toufu Marketplace).

13.2 Community

Twitter: 625 （https://twitter.com/playbuxco）

14 Ambrosia:

14.1 Introduction

Provide users with low-risk returns of fiat currency exchange for stablecoins and DeFi, with an annualized rate of return of about 6%. Ambrosia provides the connection between the bank account and the platform, the fast exchange of fiat currency and stable currency in the bank account, and the low-risk return of stable currency, aiming to provide users with a higher rate of return than the income of legal currency, and users can easily and flexibly withdraw from the financial plan .

14.2 Community

Twitter: 51 （https://twitter.com/ambrosia_fi）