BNB Chain Allocates $200,000 for Emerging DeFi and Blockchain Projects in DAU Incentive Program

BNB Chain, the world's leading community blockchain, announces the next phase of its DAU Incentive Program for projects building on the chain. The program will continue providing $200,000 in BNB to projects excelling on BNB Smart Chain, BNB Chain's DeFi-focused chain; as well as to projects developing on the opBNB Layer 2.

BNB Chain Announces Next Phase of DAU Incentive Program, Allocating $200,000 for Emerging DeFi and Blockchain Projects

Singapore, April 24, 2023 – BNB Chain, the world's leading community-driven blockchain, today announced the next phase of its DAU Incentive Program, designed to support and reward projects building on its ecosystem.

The program will continue to allocate $200,000 in BNB tokens to projects demonstrating exceptional user growth on BNB Smart Chain (BSC), BNB Chain's DeFi-focused chain. Additionally, projects developing on the opBNB Layer-2 solution are also eligible to participate.

The DAU Incentive Program is part of Binance's ongoing commitment to fostering community growth and innovation. It brings the total allocation to $1.85 million, including $100,000 for the Top 5 projects with the highest TVL, $1 million for projects with the highest trading volume, market capitalization, and community of memecoin holders, and $490,000 for the Q2 Hackathon.

The DAU Incentive Program is designed to incentivize active user growth for solutions such as AI, on-chain games, decentralized social networks, and more, which are being built on BNB Chain. Projects that have deployed on BNB Chain prior to January 1, 2023, as well as those on opBNB, are eligible to apply. Other eligibility criteria include having undergone at least one security audit and having at least 10 users within the 7 days prior to application.

The total reward pool of $200,000 will be distributed based on total daily active users (DAU) recorded during the event period:

• Tier 1: 100-300K DAU: $50,000 reward
• Tier 2: 300-500K DAU: $150,000 reward
• Tier 3: 500K+ DAU: $200,000 reward

Applications will open from April 24th to April 30th, with the program running from May 1st to June 1st.

Interested projects can apply here or view the full program details here.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that aims to remove barriers to Web3 adoption, including:

• BNB Smart Chain (BSC): A DeFi hub with the lowest gas fees among EVM-compatible Layer-1 chains, and serves as the ecosystem's governance layer.
• opBNB: A Layer-2 solution that facilitates scalability, faster transaction speeds, and low fees.
• BNB Greenfield: The ecosystem's data storage solution, allowing users to create data marketplaces.

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