BNB
by BSC News
April 2, 2024
The program developers and creators globally participate in crafting memecoins, emphasizing creativity and community engagement.
The BNB Chain team has launched the "Meme Innovation Battle" event, inviting developers and creators worldwide to showcase their creativity in crafting memecoins.
With a prize pool of up to $1 million, this competition aims to promote innovation and community engagement within the meme coin space.
Interested participants must register before April 9th, 23:59 UTC, with the competition running from April 10th to May 9th, 23:59 UTC. The top 10 winners will be announced between May 10th and 15th, with final results revealed on May 16th, 2024.
The prize pool distribution will be dynamically adjusted based on the aggregate trading volume of participating memecoins. Winners will be determined by their ranking in three categories: total trading volume, market capitalization, and the number of meme community holders. The BNB Chain team will distribute rewards to winners' wallet addresses within three weeks after the event's conclusion.
The reward distribution is as follows:
Further, participants must adhere to specific terms and conditions, including registering for the contest, maintaining open-source smart contracts, and engaging in transparent transaction volume counting. The BNB Chain core team reserves the right to disqualify projects engaging in illicit activities or market manipulation.
BNB Chain has other several initiatives to build the ecosystem in addition to the Meme Innovation Campaign. Among these are the MVB (Most Valuable Builder) program, an accelerator program for builders, and other builder support programs that ensure developers have the resources necessary to thrive.
Worth noting, BNB Chain is ranked second in decentralized exchange (DEX) volume, after Ethereum, and third in number of daily active users, according to DefiLlama.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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