$1M Prize Offered By BNB Chain To Entice Meme Coin Developers

BNB chain

The BNB Chain smart contract network is reaching out to meme coin creators to capitalize on the rapidly expanding meme token market in the cryptocurrency space. BNB Chain announced to Cointelegraph that it will be awarding up to $1 million to qualified developers who integrate their memecoin projects onto the network.

As part of its attempts to “accelerate the growth of the memecoin landscape” within BNB Chain, the business made sure to highlight this. Interested developers can apply to be a part of the network’s “Meme Innovation Campaign” and use the campaign time, which runs from April 10 to May 9, to deploy their tokens on the network. 

As Per BNB Chain, The Competition Would Enhance Innovative And Creative Thinking

BNB Chain claims that the competition encourages innovative and creative thinking among its community members. It stated: “The campaign is about empowering creators, both seasoned developers and newcomers, to use blockchain technology to bring their ideas to life. It takes place at the intersection of creativity, Web3 culture, and innovation.” As easy as the competition may appear, several conditions could be difficult to meet. To be eligible for the lowest payout, participants must have a minimum trading volume of $2 billion for their meme coins. Memecoins that have transacted more than $30 billion in the interim are eligible to win $1 million. Other prerequisites for qualifying include finishing at least one security assessment and making the project publicly available on BNB Chain’s blockchain explorer, BscScan.