DUBAI, UAE, December 7th, 2023, Chainwire
BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced the launch of its DAU (Daily Active Users) Incentive Program for projects building on BNB Chain. The program, which will offer rewards of up to $200,000 USD in BNB tokens per month, will support the development of star projects building on BNB Smart Chain (BSC) that have launched within the last 6 months and have an average of 10 DAU in the 7-days prior to application.
The program is designed to increase exposure and DAU for projects building on the BNB Smart Chain (BSC) and eligible projects will be ranked based on their average DAU during the month of program participation. Rewards will be distributed as follows:
First prize: Receives 45% of the total prize pool
Second prize: Receives 25% of the total prize pool
Third prize: Receives 15% of the total prize pool
Fourth prize: Receives 10% of the total prize pool
Fifth prize: Receives 5% of the total prize pool
The total prize pool awarded is contingent on the sum of actual gas fees generated by the participating projects. More details on participation terms and reward allocation can be found here.
The DAU Incentive Program announcement comes just one day after the launch of the TVL Incentive Program launch which offers a prize pool of up to $160,000 USD to the three eligible projects with the highest TVL increases within a certain time period to incentivize projects in the post-deployment phase to continue building. These two Incentive Programs come less than two weeks after the launch of the MVB Accelerator Program which is run in collaboration with CMC Labs and Binance Labs and aims to incubate 100 new projects on BNB Chain. More information on BNB Chain’s Web3 Builder Support program, which offers support at all stages of development, can be found here.
The enrollment period for the first phase of the program will run until December 31st 2023. All applications can be made here.
To find out more about the BNB Chain Web3 Builder Support programs, visit here and keep updated on the official BNB channels.
About BNB Chain
BNB Chain is a community-driven blockchain ecosystem that seeks to remove barriers to Web3 adoption. Powered by BNB, it includes the world’s largest L1 blockchain, the EVM-compatible BNB Smart Chain, and fosters a multi-chain ecosystem with BNB Greenfield and opBNB. Offering ultra-low gas fees and superior TPS, the BNB Chain ecosystem hosts thousands of dApps across DeFi, metaverse, gaming, SocialFi, NFTs and infrastructure, each of which add value to its ecosystem.
BNB Chain fosters impactful Web3 innovation with its BNB Chain Builder Support Program. This includes the Most Valuable Builder (MVB) accelerator program, run in partnership with Binance Labs and CMC Labs.
For more, follow BNB Chain on Twitter.
Contact
BNB Chain CommsPress@bnbchain.org
Crypto News Flash Disclaimer: This publication is sponsored. Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should conduct their own research before taking any actions related to the company. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
By accessing and reading this article, you acknowledge and agree to the above disclosure and disclaimer.
