BNB Chain Announces Million-Dollar Meme Token Innovation Drive

BNB Chain, the community-driven blockchain ecosystem, has announced its Meme Innovation Campaign, offering up to 1 million USD in rewards to encourage the development of meme coins on BNB Smart Chain (BSC). The campaign aims to accelerate the growth of the meme coin landscape within the ecosystem, empowering builders and developers to create and launch their meme tokens natively on BSC, a platform known for its mature infrastructure, low fees, and vibrant community.

BNB Chain Unveils Million-Dollar Meme Innovation Campaign

Dubai, UAE, April 2nd, 2024 – BNB Chain, the decentralized blockchain ecosystem underpinning the world's foremost smart contract blockchain, has announced the launch of its Meme Innovation Campaign, set to disburse up to 1 million USD in rewards.

Accelerating Meme Coin Innovation

This campaign aims to foster the growth of the vibrant meme coin landscape within the BNB Chain ecosystem. By incentivizing developers to build their meme coins natively on BNB Smart Chain (BSC), BNB Chain seeks to propel this trend and empower creativity within the Web3 community.

Open to All Builders

The campaign welcomes participation from both seasoned developers and those new to the meme scene. To qualify, applicants need only submit an application and deploy their meme tokens on BSC during the competition period. Comprehensive eligibility details are available on the campaign website.

Key Dates

The event timeline is as follows:

• Registration period: Ends April 9, 2024, at 23:59 UTC
• Competition period: April 10, 2024, at 00:00 UTC to May 9, 2024, at 23:59 UTC
• Results announced: May 10, 2024, at 23:59 UTC to May 15, 2024, at 23:59 UTC. To ensure the integrity of the rewards system, results will be publicly disclosed for 5 days after submissions. Any objections from the community can be reported during this period. If no objections are raised, rewards will be issued accordingly.
• Reward distribution: Rewards will be sent to the winning participants' wallet address three weeks after the event ends

Why BSC for Meme Tokens?

BSC offers a compelling ecosystem for creating, launching, trading, and exploring meme tokens, thanks to its:

• Mature infrastructure, ensuring stability and security
• Affordability, with ultra-low gas fees (<$0.03)
• Vibrant community, providing a thriving environment for innovation
• Diverse DeFi ecosystem, offering a wide range of financial services
• Five-step token launch process, accessible to everyone

Prize Pool and Distribution

The BNB Chain Meme Innovation campaign prize pool of up to 1 million USD will be determined based on the total trading volume of qualified meme tokens during the competition period. The reward distribution details are outlined in the BNB Chain blog.

BNB Chain's Ecosystem Support

In addition to the Meme Innovation Campaign, BNB Chain has implemented a range of initiatives to support and grow the ecosystem. These include:

• MVB (Most Valuable Builder) program: A 10-week accelerator program for builders, founders, and developers
• Comprehensive builder support programs: Providing developers with the resources and assistance they need to thrive

Mission of Empowerment

The BNB Chain Core Development Team emphasized: "As a community-led blockchain ecosystem, BNB Chain is delighted to launch this program as part of our ongoing efforts to bolster ecosystem growth. We believe that innovation thrives at the intersection of creativity, Web3 culture, and technology. This campaign empowers creators to bring their ideas to life using the power of blockchain technology."

About BNB Chain

BNB Chain is a decentralized, community-driven blockchain ecosystem that empowers Web3 adoption. It comprises:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1 and serves as the ecosystem's governance chain.
• BNB Beacon Chain (Bcon): A scalability L2 that delivers the lowest gas fees of any L2 and rapid processing speeds.
• BNB Greenfield: Meets decentralized storage needs for the ecosystem and enables users to establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users, while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

For more information, follow BNB Chain on Twitter or explore its Dapp library.

Contact

BNB Chain
press@bnbchain.org