The BEVM Visionary Builders (BVB) initiative is set into motion, offering a substantial $60 million in incentives to enhance the ecosystem.
HongKong, China, June 7th, 2024, Chainwire
In light of its recent alliance with Binance wallet for an airdrop event, BEVM has rolled out a brand-new incentives program named BEVM Visionary Builders (BVB).
Introduction to BEVM Visionary Builders
The BEVM Visionary Builders program has been introduced to foster the development of 17 distinct tracks, which include Decentralized Exchanges (DEXs), lending platforms, stablecoin projects, and more. By encouraging active community involvement and a comparative evaluation process, the program will distribute rewards totaling $60 million to exceptional projects and engaged users.
An exciting addition to the program is the implementation of an on-chain voting system. Teams participating can showcase their active user base through these votes, which will significantly influence project assessments. Those who take part in the voting process will not only be eligible for airdrops of ORDINALS•RUNE but will also receive BEVM tokens.
Presently, the Visionary Builders program is open for applications. Interested project teams can submit their forms under the Ecosystem section of the BEVM website or directly through the provided link: BEVM Visionary Builders Application Form
Here's how the application process for the Visionary Builders program works:
- Project teams need to complete the application form.
- Once the review is successful, the projects will be displayed in the 'BVB' section on the BEVM website, enabling teams to invite their community members to participate in voting.
- After the initial month, BEVM will distribute ORDINALS•RUNE assets along with $60 million in tokens, guided by the community ECO score rankings.
- From the second month forward, BEVM will declare the first set of BVB winners, with voting scores continuing to accumulate over time.
Reward Distribution
BEVM is committed to providing $60 million worth of assets to reward projects and users actively participating in the BVB initiative. The value of these rewards is expected to grow in tandem with BEVM's development. The planned distribution is as follows:
- 30% for airdrops to on-chain voters
- 70% will be allocated to reward exemplary ecosystem projects and their respective users.
The airdrop rewards will be allocated according to the proportion of ECO scores held by users involved in the on-chain voting. Thus, the better a user's voting score, the bigger the token rewards they stand to gain. ECO scores can be obtained in three ways:
1. Genesis Box
The Genesis Box (GBX) is an early-stage asset within the BEVM ecosystem that rewards users who backed the project during the mainnet launch. Holders can open the Genesis Box and potentially earn between 500 and 1,500 ECO scores depending on their on-chain activity, noting that the Genesis Box will become inactive once opened.
2. Inviting Users
Users accessing the voting portal via an invitation code (the invitee) will receive a bonus of 5% added to their scores. The original inviter will also get 5% of the invitee's score for each vote cast.
3. Voting
With their earned scores, users can vote for their preferred protocols on the voting platform. Each vote rewards 100 scores, accompanied by a leaderboard to track progress.
Every month, BEVM will publicly announce the ecosystem projects that have successfully achieved the 'Visionary Builders' title and roll out the associated incentives. This straightforward and equitable reward system guarantees that the contributions of each participant are duly acknowledged.
BEVM Visionary Builders: The Driving Force of the Bitcoin Ecosystem
The BVB initiative is designed not just to activate the ecosystem, but it also represents a strategic step by BEVM to foster prosperity and growth within its ecosystem. This initiative holds significant promise, as it not only opens new doors for BEVM but also offers valuable insights applicable across the entire cryptocurrency landscape.
In the crypto realm, technological innovation, market dynamics, and strong community engagement are critical to a project's success. Through a combination of comprehensive evaluations and on-chain community voting, BEVM aims to uncover and nurture projects with the highest potential while simultaneously rallying community involvement. By assessing market potential, BEVM can pinpoint projects that have the capacity to transform the industry and stimulate the growth of the collective ecosystem.
Current assessments indicate that BEVM is investing a staggering $60 million worth of assets into this program, an opportunity that is rarely seen in the industry. The inclusion of on-chain voting and comprehensive evaluation procedures ensures that every project and individual is rewarded fairly based on their contributions.
The addition of a community voting mechanism enhances the decentralization and democratic nature of BEVM's governance. In the world of cryptocurrencies, decentralized governance plays a crucial role in boosting project transparency and reliability. Users within the community directly contribute to project selection through their votes, thereby enhancing their involvement and guaranteeing fairness and transparency in the process.
Within the BVB initiative, BEVM will extend thorough technical support to selected projects, assisting them in overcoming technical hurdles and boosting their technological prowess. Furthermore, BEVM will utilize a diverse array of marketing strategies to amplify the visibility and influence of these chosen projects. In addition, BEVM is looking to collaborate with investment firms such as Bitmain, Waterdrip Capital, and Satoshi Labs, as well as exchanges to create an acceleration fund focused on the BEVM ecosystem, facilitating investments in standout projects.
About The Visionary Builders Program
The initiation of the BEVM Visionary Builders program underscores BEVM's commitment to establishing a robust ecosystem. As this program progresses, BEVM is set to lure in more exceptional projects and users, enhancing its ecosystem's growth while breathing new life into the expansion and utility of the Bitcoin Layer 2 network.
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