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BlockNews
Home CRYPTO

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

Michael Juanico by Michael Juanico
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!

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BinanceBNB chainmeme tokensMemecoins
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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