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Binance Accelerator Fund Invests in Ruby Play Network Seed Round

Published 02/09/2022, 06:16 AM
Updated 02/09/2022, 06:30 AM
Binance Accelerator Fund Invests in Ruby Play Network Seed Round

    • Binance Accelerator Fund makes investment in Ruby Play Network.
    • RPN recently announced its upcoming IDO on Gate.io.
    • Ruby Play List to end on February 21.

Ruby Play Network is proud to announce the official backing from the Binance Accelerator Fund. The invested partnership is considered a prestigious honour, with significant prominence in the decentralized finance space. The Ruby Play Network’s crypto gaming platform has secured yet further institutional backing – prior to the IEO – due late February. Binance joins a list of other well-known cryptocurrency players and privates, including Yellow.org and Coinpresso.

RPN’s B2B and B2C propositions are unique and innovative. Exactly what the Binance Accelerator Fund was designed to seek, find and accelerate. The mission of the Binance Fund is to increase the rate of mainstream adoption and bring disruption and innovation to the legacy financial infrastructures and traditional industry sectors. Ruby Play Network is doing just that – disrupting the traditional and online gaming sectors through blockchain technology. The Binance Accelerator Fund acquired about 1% of Ruby Play Network holdings in the purchase-shareholder agreement, completed at the seed round phase.

What exactly is the Binance Accelerator Fund?

The Binance Accelerator Fund was launched alongside the Binance Smart Chain Mainnet in 2020. Initially it was called the $100 million dollar Binance Accelerator Fund, but after major initial success, the total legacy funding amount was increased to $500 million. The purpose of the fund, established at the onset, is to empower developing cryptocurrency projects and stimulate collaboration between centralized and decentralized finance.

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The first wave of selected projects in its 2020 genesis, used accelerator funds towards innovation that helped create documented market capitalization increases upwards of 500%. Ruby Play Network has made steady progress developing its largely inclusive blockchain gaming platform. The Binance Accelerator fund backing, and other significant institutional backers like yellow.org and crypto marketing agency – Coinpresso – helps to drive more innovation towards the rewarding user experience RPN is designed to render.

Invested Binance accelerator funds have been pretty well distributed among crypto projects engaging in web3 infrastructure, website and development tools, NFTs, decentralized finance, media and community. Another positive note for Ruby Play Network in particular is the fact that the lowest share has been awarded to companies in the remaining category – Gamefi. This certainly suggests the opportunity exists for RPN to stand out as yet another successful Binance Accelerator Fund recipient, and set the standard for crypto gaming projects.

The gaming network has been diligent in running promotions and staging incentives for everyday investors, such as the Ruby Play List. The unique alternative to a traditional presale offers potential investors and interested platform users, opportunities to become early investors – via their own SAFT agreement, just like the Binance Accelerator Fund.

What is the Ruby Play List?

The Ruby Play List – a priority focus for the crypto project over the last week in the lead up to IEO – is a promotion awarding a limited 1,000 spots to individuals seeking early access to the $RUBY presale. The token will be made available for public trade in late February, so the only way to obtain options for access prior to, is through the Ruby Play List promotion.

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Only a few weeks remain, as the Ruby Play List will conclude on February 21 or when all spots are reserved – whichever happens first. To date over half of the 1,000 spots have been claimed. Priority of applications are given to those who win their Play List spot via a Ruby Play Network marketing event, AMA, or giveaway. Organic applications (without a referral code or preselection) will then make up the remainder of the spots.

Next Steps for Ruby Play Network

As news of the Binance Accelerator Fund continues to spread and the impact and implications become clearer, Ruby Play Network plans to continue introducing contests and giveaways to members of its community and inquisitive onlookers. The crypto gaming platform has dedicated the entire month of February to AMAs and spreading awareness to crypto enthusiasts, and pre-vetted investor groups across the globe. The focus of the AMAs has been on the late February public offering of the $RUBY Token, and the promotion of the Play List.

RPN recently announced its upcoming IDO on Gate.io. Gate Labs – an arm of Gate.io – is another one of Ruby Play Network’s significant partnerships. With the Binance Accelerator Fund news, institutional investment has aligned and been achieved, with the blockchain gaming innovators showing no signs of decreasing their pace.

The Christchurch, New Zealand-based company and DeFi project regularly publishes news and information on its social media platforms. The Binance Accelerator fund joins Yellow.com, Coinpresso and other seed and private round investors, as per recent updates. The next few weeks are expected to be busy with more Ruby Play List contests, AMAs and other marketing activities as the community, and RPN team, gear-up for the IEO.

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