BNB Chain Announces ‘Meme Innovation Battle Round 3 – Birth of MEME Heroes’
Dubai, UAE, August 13th, 2024, Chainwire
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, announces the “Meme Innovation Battle Round 3 – Birth of MEME Heroes.” The Meme Coin Innovation Battle is split into two parts, the first focuses on migrating or launching the user’s meme coin while the second encourages projects to complete for liquidity. This initiative continues BNB Chain’s commitment to fostering the growth of the meme coin landscape, aligning with its vision of supporting developers and startups to reach mainstream audiences and its mission to drive global Web3 adoption.
The “Meme Innovation Battle Round #3” will be carried out with four leading MEME token launchpad platforms: Four.meme, Myshell, FLAP, and Burve. These platforms will provide corresponding incubation support, making it easier for participants to launch their meme tokens and compete for rewards. New memes can choose between these four launchpads to take their first step while existing memes can directly participate in the prize pool competition.
Building on its previous Meme Innovation Campaigns momentum, BNB Chain will also provide a prize pool of up to $150,000 to incentivize high-quality memes to become heroes within the ecosystem, helping creators achieve real business success and bridge the gap to mainstream adoption.
The competition will run from August 14, 2024, 00:00 UTC to September 13, 2024, 23:59 UTC. The competition rules are as follows:
- Launch or Migrate MEME Tokens: Participants can either migrate their meme tokens from other chains to BSC or launch a new MEME token on BSC using any of the participating platforms.
- Submit MEME Information: Participants must submit their MEME token information to BNB Chain.
- Ranking and Rewards: The top 3 eligible projects will receive tailored marketing support, including potential social media promotion and access to a $900K liquidity pool. The exact nature of the support will be determined on a case-by-case basis, so recipients are not guaranteed to receive both social media promotion and the liquidity pool.
To be eligible, participants must be valid holders of more than 1,000 MEME tokens, maintain a daily trading volume of over US$30,000, and ensure liquidity of at least US$50,000. Additionally, the project must be launched within 5 months (Meme launched after March 2024). Projects must also have an active social media account, including but not limited to Twitter, Telegram, and Discord. Note that public pre-sale projects are ineligible to participate. More information about eligibility and how to participate can be found here.
The Meme Innovation program is part of a broader builder support program that includes:
- Ideation phase: Hackathons, BNB Incubation Alliance (BIA), Most Valuable Builder (MVB), and potential grants from BNB Chain and investment from Binance Labs.
- Post-deployment phase: Incentives and grants for daily active users (DAU), total value locked (TVL), and trading volumes.
Developers and meme projects are encouraged to submit their applications here. Further details can be found here.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
- BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
- opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
- BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users 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, users can follow BNB Chain on X or start exploring via BNB’s Dapp library.