Artificial Intelligence

DeFi

April

Million

Dubai, UAE, April 24th, 2024, Chainwire
 
<a href="https://www.bnbchain.world/" rel="nofollow noopener" target="_blank">BNB Chain</a>, the community-driven blockchain ecosystem that includes the <a href="https://twitter.com/nansen_ai/status/1667129159435337728" rel="nofollow noopener" target="_blank">world’s largest smart contract blockchain</a>, today announced the launch of the next phase of its <a href="https://www.bnbchain.org/en/blog/bnb-chain-dau-incentive-program-up-to-200-000-in-bnb-to-be-won" rel="nofollow noopener" target="_blank">DAU (Daily Active Users) Incentive Program</a> for projects building on BNB Chain. The program will continue to offer rewards of up to $200,000 USD in BNB tokens to top-performing projects building on the DeFi hub, BNB Smart Chain (BSC). This phase will also now be open to projects building on <a href="https://opbnb.bnbchain.org/en" rel="nofollow noopener" target="_blank">opBNB</a>, BNB Chain’s ideal blockchain for Dapps that require high transaction frequency, like fully on-chain games. Projects can apply <a href="https://wkf.ms/3QfuaPN" rel="nofollow noopener" target="_blank">here.&nbsp;</a>
This DAU Incentive Program launch brings the total of cash incentives that BNB Chain has dedicated to accelerating ecosystem growth in the past 30 days to USD $1,850,000. This includes the <a href="https://www.bnbchain.org/en/blog/bnb-chain-tvl-incentive-program-phase-2-prize-pool-of-up-to-160k-for-bsc-projects" rel="nofollow noopener" target="_blank">$160,000</a> that’s being committed to the top 5 projects with the highest incremental Total Value Locked, the USD <a href="https://www.bnbchain.org/en/blog/meme-innovation-battle-for-a-prize-pool-of-up-to-1m" rel="nofollow noopener" target="_blank">$1 million</a> for qualified participants based on their ranking in total trading volume, market cap, and meme community holders, and the <a href="https://www.bnbchain.org/en/blog/welcome-to-q2-of-the-2024-bnb-chain-hackathon-one-bnb-coding-the-future" rel="nofollow noopener" target="_blank">$490,000</a> for the Q2 Hackathon participants. With a focus on ecosystem growth and accelerating the success of projects built on BNB Chain, these incentives complement the myriad of ecosystem growth initiatives including the <a href="https://www.bnbchain.org/en/bsc-mvb-program" rel="nofollow noopener" target="_blank">MVB program</a>.&nbsp;
The BNB Chain DAU Incentive Program is designed to increase DAU, amplify and reward innovative on-chain games, Artificial Intelligence (AI) projects, social projects, and more built on BSC and opBNB. It also provides the chance to participate in a dynamic and rewarding ecosystem aimed at accelerating growth.
Projects that are live on BSC since January 1, 2023 or opBNB are eligible to submit an application to be considered <a href="https://wkf.ms/3QfuaPN" rel="nofollow noopener" target="_blank">here</a> until April 30, 2024. Criteria includes having completed at least one security audit and having an average of at least 10 DAU in the 7-days prior to application.&nbsp;More details on participation terms and reward allocation can be found <a href="https://www.bnbchain.org/en/blog/bnb-chain-dau-incentive-program-up-to-200-000-in-bnb-to-be-won" rel="nofollow noopener" target="_blank">here.</a>
The $200,000 prize pool will be unlocked based on the increment DAU of all participants during the event period.&nbsp;
<ul>
 <li>Tier 1: 100K – 300K total increment DAU for all participants (not deduplicated) = $50,000 rewards pool unlocked&nbsp;</li>
 <li>Tier 2: 300K – 500K total increment DAU for all participants (not deduplicated) = $150,000 rewards pool unlocked&nbsp;</li>
 <li>Tier 3: 500K～ total increment DAU for all participants (not deduplicated) = $200,000 rewards pool unlocked&nbsp;</li>
</ul>
Participants will receive rewards based on the ranking of the three dimensions: average DAU, increment DAU, and Gas Fee, during the event.
<ul>
 <li>First prize = 40% of the dynamic rewards pool unlocked&nbsp;</li>
 <li>Second prize = 30% of the dynamic rewards pool unlocked&nbsp;</li>
 <li>Third prize = 15% of the dynamic rewards pool unlocked&nbsp;</li>
 <li>Fourth prize = 10% of the dynamic rewards pool unlocked&nbsp;</li>
 <li>Fifth prize = 5% of the dynamic rewards pool unlocked&nbsp;</li>
</ul>
The application period for this phase of the program will run from 24 April to 30 April, 2024 at 23:59 UTC. The competition period will run from 1 May to 1 June, 2024 with 50% of rewards being distributed within 3 weeks of the event concluding. The remaining 50% will be distributed by the following calendar month if the project maintains their average DAU with no more than a 15% reduction.
All applications can be made <a href="https://wkf.ms/3QfuaPN" rel="nofollow noopener" target="_blank">here.</a>
To find out more about the BNB Chain Web3 Builder Support programs, users can visit <a href="https://www.bnbchain.org/en/developers/developer-programs" rel="nofollow noopener" target="_blank">here</a> and keep updated on <a href="https://twitter.com/BNBCHAIN" rel="nofollow noopener" target="_blank">X</a>.&nbsp;
About BNB Chain
<a href="https://www.bnbchain.org/en" rel="nofollow noopener" target="_blank">BNB Chain</a> is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
<ul>
 <li><a href="https://www.bnbchain.org/en/bnb-smart-chain" rel="nofollow noopener" target="_blank">BNB Smart Chain (BSC)</a>: A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.&nbsp;</li>
 <li><a href="https://opbnb.bnbchain.org/en" rel="nofollow noopener" target="_blank">opBNB</a>: A scalability L2 that delivers the lowest gas fees of any L2 and rapid processing speeds.</li>
 <li><a href="https://greenfield.bnbchain.org/en" rel="nofollow noopener" target="_blank">BNB Greenfield</a>: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.</li>
</ul>
Setting a high bar for security, the <a href="https://www.avengerdao.org/" rel="nofollow noopener" target="_blank">AvengerDAO</a> community protects BNB Chain users while <a href="https://dappbay.bnbchain.org/red-alarm/dapp" rel="nofollow noopener" target="_blank">Red Alarm</a> provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its <a href="https://www.bnbchain.org/en/developers/developer-programs" rel="nofollow noopener" target="_blank">Builder Support Program</a>.
For more, users can follow BNB Chain on <a href="https://twitter.com/BNBCHAIN" rel="nofollow noopener" target="_blank">X</a> or start exploring via BNB's <a href="https://dappbay.bnbchain.org/" rel="nofollow noopener" target="_blank">Dapp library</a>.
 
<h5>Contact</h5>BNB Chain press@bnbchain.org 
 
 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

BNB Chain Expands DAU Incentive Program; Offering Up To $200K, Pledges USD $1.85 Million In Ecosystem Incentives (24 Apr)

Chainwire

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