BNB Chain to reward meme coin issuers with prizes up to $1m

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The BNB Chain ecosystem group has introduced a program to assist meme coin builders with a prize pool of as much as $1 million.

As a part of the Meme Innovation marketing campaign, contributors must deploy a meme coin on the BNB Good Chain (BSC) and apply to take part by the top of April 9. The competitors will final from April 10 to Might 9.

The prize fund can be decided based mostly on the entire buying and selling quantity of certified meme tokens in the course of the competitors interval, which might attain $1 million. The full buying and selling quantity of certified memes in the course of the competitors interval determines the ultimate quantity.

“The dynamic prize pool can attain as much as $1M USD, with the ultimate quantity decided by the entire buying and selling quantity of the certified memes in the course of the competitors interval.”

BNB Chain announcement

The winners can be introduced on Might 16. The rewards can be delivered to their wallets inside three weeks of the marketing campaign’s finish.

For a number of months now, meme cash have been attracting increasingly consideration from the cryptocurrency group. Lately, Arthur Hayes, co-founder of the cryptocurrency change BitMEX, mentioned that meme tokens could serve nicely for the blockchains on which they’re launched.

As for Ethereum co-founder Vitalik Buterin, he declared an absence of curiosity in meme cash. Buterin requested builders to create tokens to profit society or use them for charity.

Analysts from the funding firm Franklin Templeton additionally offered their report on meme cash. Consultants famous the robust relationship of such cash with native blockchains and their impression on exercise inside the community.

Regardless of the anomaly of the positions of opinion leaders, information about profitable transactions involving the talked about class of belongings has repeatedly appeared locally. With the brand new cash, merchants continue to turn a number of {dollars} into tons of of hundreds.

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