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Home CRYPTO

Binance Wants Memecoins and They Are Willing to Pay $1 Million for Them

by Sham
April 2, 2024
in CRYPTO
Reading Time: 2 mins read
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• BNB Chain launches Meme Innovation Campaign, offering up to 1 million USD in rewards for building meme tokens on BNB Smart Chain (BSC)
• The campaign runs from April 10 to May 9, 2024, with rewards based on trading volume of qualified meme tokens during this period
• BNB Chain provides a mature infrastructure, security, affordability, vibrant community and diverse DeFi ecosystem ideal for creating, launching, trading and exploring meme tokens

BNB Chain, the community-driven blockchain ecosystem, has announced an exciting new meme competition with up to 1 million USD in rewards. This innovation campaign aims to accelerate meme coin growth and empower creators to build on BNB Smart Chain.

ICYMI: Binance’s @BNBCHAIN is hosting a $1 million competition to attract meme coins to its chain

— BlockNews.com (@blocknewsdotcom) April 2, 2024

Campaign Overview

The meme competition acts as a medium to encourage participation from all levels, from experienced developers to newcomers. Users simply need to submit an application and deploy their meme tokens on BSC during the competition period to qualify.

Key dates:

  • Registration ends: April 9, 2024
  • Competition period: April 10 – May 9, 2024
  • Results announced: May 10-15, 2024

To ensure integrity, results will be publicly disclosed for 5 days after submissions. Rewards will then be distributed 3 weeks after the event ends.

Maximizing Creativity on BNB Smart Chain

With its EVM compatibility, low gas fees, interoperability, and simple token launch process, BSC offers an ideal ecosystem for creating and exploring meme tokens.

The 1 million USD prize pool will be based on trading volume of qualified meme tokens. Full details are available on the BNB Chain blog.

This campaign aligns with BNB Chain’s ethos of empowering builders and growing the ecosystem. BNB Chain also offers programs like the MVB accelerator and comprehensive support for developers.

The possibilities are endless for what can be built. It will be exciting to see the creative meme coins that emerge from this event!

Tags: BinanceBNB chainmeme tokensMemecoins
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