First Round of MVB Results and Recap

Binance’s Most Valuable Builder (MVB) seeks to provide entrepreneur support to project developments on the Binance Smart Chain. The program, which covers projects built on the BSC network, contains integrations that help developers build innovative platforms on the network, providing support and assistance in the form of grants and listing on the Binance Innovation Zone.

By
Wilfred Victor
on
April 27, 2021
Category:
BSC News


First Most Valuable Builder (MVB)

The maiden edition of the MVB program, which started on the 5th of February 2021 and ran until the 23rd of this month (April), saw over 650 applications worldwide with three projects scaling to the last stage.

Phase 1, 2, and 3 of the Binance first MVB program

Three projects were successful in the program’s final round: AutoFarm, PancakeBunny, and Beefy.finance. Community interest in all three projects and the projects that successfully scaled the other phases, including BSCEX, KEBAB, NFTBOX, BDOLLAR, exploded. The top three were the most impacted as they became premium BSC projects with enormous community support and network activity.


Key highlights from the first MVB round

As detailed on the Binance MVB blog;

  • Over 650+ applicants from around the world in multiple categories (DeFi, NFT, Gaming, Infrastructure, Options, Lending, and more)
  • A total of more than 100,000 active new addresses with 50B+TVL among all shortlisted project
  • Two finalist projects, AutoFarm and Beefy.finance, were listed on Binance.com!
  • The third finalist, Pancake Bunny, received a $1.6M seed round investment from Binance Labs!

The first MVB program was responsible for the significant growth of the BSC ecosystem, which now hosts more than 450 active projects. Daily active address (Peak time) is now above 1 million, and Daily Transaction volume (Peak time) is currently more than 9 million (6x of ETH).

Overview of BSC ecosystem


Most Valuable Builder Round II

The next round of the MVB program, tagged “The Big Bang of NFTs”, will be focused on innovative NFT projects plus DeFi development. This will include high-performance infrastructures, like Data Indexing, and handling of significant user and transaction volumes on Binance Smart Chain, according to Binance.

The second round of the MVB program starts on May 1, 2021, and ends on July 22, 2021. As in the previous round, Binance MVB welcomes all NFT + DeFi developers and start-up projects to apply and join the next round.


Who Can Apply

MVB welcomes all BSC-based projects and projects integrating BSC into their platforms and ecosystem.


Complete the following steps to register for the MVB program:

1. Deploy your smart contract on Binance Smart Chain

2. Call the “registerContract” function from the deployer address (Use Metamask, Binance Chain Wallet, or other compatible wallets) and specify the contract address.

Note: The address to receive the rewards must be an EOA address.

3. Verify the contract registration.

The reward calculation will start immediately if the registration is valid. The contract creator can update the reward address without affecting the reward calculation by calling this method again. Specify the contract address and the address to receive the reward.

This method provides an interface for contract creators to confirm that their registry information is, in fact, correct. Contract creators can query the checked registry information (latest reward address and registry height) via BSCscan. If you can see the contract output with the correct reward address, it means the registration has succeeded; otherwise, it has failed.

Further details about the MVB round II and the roadmap plan, which covers the period between Phase 1, which starts (May, June 2021) to Phase 2 and 3 around July 2021, are written HERE.


About the Binance Most Valuable Builder Program

The MVB is part of the Binance BUIDL project, which seeks to help innovative ideas/projects come to full form, gain momentum, network activities, valuation, and the right support from the community and Binance company itself.

Bianance MVB accelerator program

The program is tiered into three phases; eligible projects that successfully enter Phase 2 can receive up to $10,000 in funding, and projects that reach Phase 3 can receive up to $100,000 investment. $2 million in liquidity funding will be rewarded to the top selected projects out of Phase 3.

Are you considering implementing BSC into your new or existing project? Apply to the MVB Accelerator Program and get a chance to receive funding, expert support, and access to the ever-growing BSC ecosystem. 

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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.