The BNB Chain has unveiled a $1 million competition dubbed the ‘Meme Innovation Battle’, aimed at stimulating the development of innovative memecoins.

The blockchain, supported by cryptocurrency exchange Binance, heralds the start of the “Meme Innovation Battle,” urging developers and creators internationally to display their imaginative flair in memecoin creation for an impressive $1 million bounty. BNB Chain According to their official announcement, those interested in participating need to register by April 9th at 23:59 UTC. The competition will kick off the next day, April 10th, and will run until May 9th at 23:59 UTC. The top ten competitors will be announced between May 10th and 15th, with final results to be shared on May 16th, 2024.

The distribution of the prize pool for the “Meme Innovation Battle” will adjust based on the overall trading volume generated by the participating memecoins. The final rewards will be allocated among the winners based on their standings in three categories: total trading volume, market cap, and number of meme community holders. Winners can expect to receive their rewards in their wallets within three weeks after the event concludes.

The BNB Chain expects to attract a diverse range of participants, including both experienced developers and newcomers. However, to qualify for the competition, projects must meet specific criteria, such as completing at least one security audit and ensuring their project is open-source on the BNB Smart Chain explorer, BscScan, among other requirements.

💥 We are extremely excited to announce the BNB Chain Meme Innovation Battle, presenting a fantastic opportunity for developers to grab a slice of a $1 million prize pool!

The BNB ecosystem encompasses the EVM-compatible BNB Smart Chain, BNB Greenfield, and opBNB. It emphasizes low gas fees and high throughput (TPS) capabilities.

It is also at the heart of the BNB Chain It hosts a wide array of decentralized applications (dApps) spanning multiple areas, such as DeFi, metaverse, gaming, SocialFi, non-fungible tokens (NFTs), and essential infrastructure, with each sector adding its unique value. BNB Chain ecosystem Stay updated on cryptocurrency distributions with our resources.

The Big Pump Token presale witnessed astonishing participation on Bakery Swap, subsequently getting listed on Bitget. Airdrops Calendar .

This announcement comes at a time when the popularity of memecoins is on the rise.

However, there has been a limited launch of notable memecoins on the BNB Chain amidst increasing traction. memecoin season One noteworthy example is the Big Pump meme project, whose concept resonated well with cryptocurrency enthusiasts keen on seeing significant asset appreciation. Solana and Ethereum Recently, the Bakery Swap platform, which facilitates decentralization and NFT trading, wrapped up the token presale for the Big Pump project.

This presale attracted an incredible $280 million in participation. Following the presale, the token was listed on the Bitget exchange, available in both the Innovation Zone and the Meme Zone, and trading has started.

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