{"id":164012,"date":"2024-04-03T11:12:53","date_gmt":"2024-04-03T11:12:53","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164012"},"modified":"2024-04-03T11:12:56","modified_gmt":"2024-04-03T11:12:56","slug":"bnb-chain-offers-1-million-incentive-to-memecoin-developers-amid-crypto-craze","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bnb-chain-offers-1-million-incentive-to-memecoin-developers-amid-crypto-craze\/","title":{"rendered":"BNB Chain Offers $1 Million Incentive to Memecoin Developers Amid Crypto Craze"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">BNB Chain\u2019s Million-Dollar Drive:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0A campaign offering up to $1 million in rewards for developers to innovate within the memecoin sector on the BNB Smart Chain, from April 10th to May 9th, 2024.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Criteria and Rewards:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Participants must pass a security check and have their code on BscScan, with tiered rewards based on trading volume, reaching up to $1 million for memecoins with over $30 billion in volume.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Empowering Creativity:<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">\u00a0The initiative aims to leverage blockchain for creative ideas, emphasizing the significant role of memecoins in the evolving crypto landscape and BNB Chain\u2019s commitment to fostering innovation.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><a href=\"https:\/\/crypto-economy.com\/binance-coin-bnb\/\" target=\"_blank\" rel=\"noopener\">BNB<\/a> Chain has\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/www.bnbchain.org\/en\/blog\/meme-innovation-battle-for-a-prize-pool-of-up-to-1m\" target=\"_blank\" rel=\"noopener\" data-wplink-edit=\"true\">announced\u00a0<\/a><\/strong><span data-preserver-spaces=\"true\"><strong>a Meme Innovation Campaign, offering up to $1 million in rewards to developers.<\/strong> This initiative aims to accelerate the growth of the memecoin landscape within the BNB Chain ecosystem, a community-driven blockchain that includes the world\u2019s largest smart contract blockchain.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udca5 We&#39;re thrilled to announce the BNB Chain Meme Innovation Battle where up to $1M is up for grabs! <\/p>\n<p>This is an exciting opportunity for developers and creators to showcase their creativity and compete for amazing rewards.<a href=\"https:\/\/t.co\/6acfjHVimX\" target=\"_blank\">https:\/\/t.co\/6acfjHVimX<\/a><\/p>\n<p>&mdash; BNB Chain (@BNBCHAIN) <a href=\"https:\/\/twitter.com\/BNBCHAIN\/status\/1775117472087056702?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 2, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>The campaign will take place between April 10th and May 9th, 2024,<\/strong> and is open to developers planning to launch their memecoin projects on the BNB Smart Chain platform. To participate, the memecoin must have undergone a security check and its source code must be available on BscScan.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The reward distribution structure is tiered, with the lowest reward requiring a minimum trading volume of $2 billion, while memecoins with over $30 billion in trading volume can qualify for the $1 million prize. <strong>BNB Chain\u2019s initiative comes at a time when memecoins are experiencing explosive growth within the crypto ecosystem.\u00a0<\/strong><\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">On April 1, the combined value of cryptocurrencies inspired by memes saw a surge to $70 billion. This was fueled by the rise in popularity of new meme tokens and the renewed interest in existing meme tokens.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>The Meme Innovation Campaign is not just about rewarding developers but also about empowering creators<\/strong> to use <a href=\"https:\/\/crypto-economy.com\/blockchain-technology\/\" target=\"_blank\" rel=\"noopener\">blockchain<\/a> technology to bring their ideas to life, fostering a space where creativity, Web3 culture, and innovation intersect.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">How to Enter BNB Chain\u2019s Meme Innovation Campaign<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-164014\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BNBChainMemecoins.jpg\" alt=\"BNB Chain Offers $1 Million Incentive to Memecoin Developers Amid Crypto Craze\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BNBChainMemecoins.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BNBChainMemecoins-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BNBChainMemecoins-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>The contest is easy to enter, but the requirements for participation are strict.<\/strong> The project should have a considerable amount of transactions, a large number of new token owners, and a strong presence on social media platforms such as Telegram and Discord.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The results of the competition will be announced between May 10 and May 15, 2024, with a public disclosure period for community objections before the rewards are issued.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>BNB Chain&#8217;s campaign aligns with a growing trend in the blockchain industry.<\/strong> Other networks, like Avalanche Foundation, have launched initiatives to encourage the creation of memecoins. For example, Avalanche offered $1 million to liquidity providers for memecoins. These efforts emphasize the growing significance of memecoins within the cryptocurrency market, highlighting their potential as innovative and viable investments.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The Meme Innovation Campaign by BNB Chain is a testament to the network\u2019s commitment to supporting the creative endeavors of developers and the continuous evolution of the crypto space.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\"><strong>The Binance Smart Chain (BSC) offers a well-established infrastructure, strong security, accessible costs, and a thriving community,<\/strong> making it an excellent platform for launching and researching meme tokens. This initiative is anticipated to pique the interest of both developers and investors, further cementing BNB Chain as a significant center for advancements in memecoins.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR BNB Chain\u2019s Million-Dollar Drive:\u00a0A campaign offering up to $1 million in rewards for developers to innovate within the memecoin sector on the BNB Smart Chain, from April 10th to May 9th, 2024. Criteria and Rewards:\u00a0Participants must pass a security check and have their code on BscScan, with tiered rewards based on trading volume, reaching &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"BNB Chain Offers $1 Million Incentive to Memecoin Developers Amid Crypto Craze\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/bnb-chain-offers-1-million-incentive-to-memecoin-developers-amid-crypto-craze\/#more-164012\" aria-label=\"More on BNB Chain Offers $1 Million Incentive to Memecoin Developers Amid Crypto Craze\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":164013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[4620,9473,5536,9756],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164012"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=164012"}],"version-history":[{"count":2,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164012\/revisions"}],"predecessor-version":[{"id":164017,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164012\/revisions\/164017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/164013"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=164012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=164012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=164012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}