DeFi

MEME

Coin

Note

Dubai, UAE, August 13th, 2024, Chainwire 
<a href="https://www.bnbchain.world/" rel="noopener noreferrer nofollow" target="_blank">BNB Chain</a>, the community-driven blockchain ecosystem that includes the <a href="https://twitter.com/nansen_ai/status/1667129159435337728" rel="noopener noreferrer nofollow" target="_blank">world’s largest smart contract blockchain</a>, announces the "Meme Innovation Battle Round 3 - Birth of MEME Heroes." The Meme Coin Innovation Battle is split into two parts, the first focuses on migrating or launching the user's meme coin while the second encourages projects to complete for liquidity. This initiative continues BNB Chain’s commitment to fostering the growth of the meme coin landscape, aligning with its vision of supporting developers and startups to reach mainstream audiences and its mission to drive global Web3 adoption.
The "Meme Innovation Battle Round #3" will be carried out with four leading MEME token launchpad platforms:&nbsp;<a href="https://x.com/four_meme_" rel="noopener noreferrer nofollow" target="_blank">Four.meme</a>, <a href="https://x.com/myshell_ai" rel="noopener noreferrer nofollow" target="_blank">Myshell</a>, <a href="https://x.com/flapdotsh" rel="noopener noreferrer nofollow" target="_blank">FLAP</a>, and <a href="https://x.com/BurveProtocol?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" rel="noopener noreferrer nofollow" target="_blank">Burve</a>.&nbsp;These platforms will provide corresponding incubation support, making it easier for participants to launch their meme tokens and compete for rewards. New memes can choose between these four launchpads to take their first step while existing memes can directly participate in the prize pool competition.&nbsp;
Building on its previous Meme Innovation Campaigns momentum, BNB Chain will also provide a prize pool of up to $150,000 to incentivize high-quality memes to become heroes within the ecosystem, helping creators achieve real business success and bridge the gap to mainstream adoption.
The competition will run from August 14, 2024, 00:00 UTC to September 13, 2024, 23:59 UTC. The competition rules are as follows:
<ul>
 <li>Launch or <a href="https://www.bnbchain.org/en/blog/your-guide-to-creating-bep-20-tokens-on-bnb-smart-chain?ref=bnbchain.ghost.io" rel="noopener noreferrer nofollow" target="_blank">Migrate </a>MEME Tokens: Participants can either migrate their meme tokens from other chains to BSC or launch a new MEME token on BSC using any of the participating platforms.</li>
 <li><a href="https://docs.google.com/forms/d/e/1FAIpQLSehV7fMXBeuqvktfcHMllxquKCBLqHZDZMIpw39UmbIQQJrvg/viewform" rel="noopener noreferrer nofollow" target="_blank">Submit</a> MEME Information: Participants must submit their MEME token information to BNB Chain.</li>
 <li>Ranking and Rewards: The top 3 eligible projects will receive tailored marketing support, including potential social media promotion and access to a <a href="https://www.bnbchain.org/en/blog/bnb-chain-dedicates-900k-liquidity-pool-to-support-and-develop-meme-coin-ecosystem-2" rel="noopener noreferrer nofollow" target="_blank">$900K liquidity pool</a>. The exact nature of the support will be determined on a case-by-case basis, so recipients are not guaranteed to receive both social media promotion and the liquidity pool.</li>
</ul>
To be eligible, participants must be valid holders of more than 1,000 MEME tokens, maintain a daily trading volume of over US$30,000, and ensure liquidity of at least US$50,000. Additionally, the project must be launched within 5 months (Meme launched after March 2024). Projects must also have an active social media account, including but not limited to Twitter, Telegram, and Discord. Note that public pre-sale projects are ineligible to participate. More information about eligibility and how to participate can be found <a href="https://www.bnbchain.org/en/blog/meme-coin-innovation-battle-round-3-birth-of-meme-coin-heroes" rel="noopener noreferrer nofollow" target="_blank">here</a>.
The Meme Innovation program is part of a broader builder support program that includes:
<ul>
 <li>Ideation phase: Hackathons, BNB Incubation Alliance (BIA), Most Valuable Builder (MVB), and potential grants from BNB Chain and investment from Binance Labs.</li>
 <li>Post-deployment phase: Incentives and grants for daily active users (DAU), total value locked (TVL), and trading volumes.</li>
</ul>
Developers and meme projects are encouraged to submit their applications <a href="https://docs.google.com/forms/d/e/1FAIpQLSehV7fMXBeuqvktfcHMllxquKCBLqHZDZMIpw39UmbIQQJrvg/viewform" rel="noopener noreferrer nofollow" target="_blank">here</a>. Further details can be found <a href="https://www.bnbchain.org/en/blog/meme-coin-innovation-battle-round-3-birth-of-meme-coin-heroes" rel="noopener noreferrer nofollow" target="_blank">here.</a>
About BNB Chain
<a href="https://www.bnbchain.org/en" rel="noopener noreferrer nofollow" 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="noopener noreferrer nofollow" 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="noopener noreferrer nofollow" target="_blank">opBNB</a>: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.</li>
 <li><a href="https://greenfield.bnbchain.org/en" rel="noopener noreferrer nofollow" 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="noopener noreferrer nofollow" target="_blank">AvengerDAO</a> community protects BNB Chain users while <a href="https://dappbay.bnbchain.org/red-alarm/dapp" rel="noopener noreferrer nofollow" 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="noopener noreferrer nofollow" target="_blank">Builder Support Program</a>.
For more, users can follow BNB Chain on <a href="https://twitter.com/BNBCHAIN" rel="noopener noreferrer nofollow" target="_blank">X</a> or start exploring via BNB's <a href="https://dappbay.bnbchain.org/" rel="noopener noreferrer nofollow" 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 Announces ‘Meme Innovation Battle Round 3 - Birth of MEME Heroes’ (13 Aug)

Chainwire

Other articles published on Aug 13, 2024

Michael Saylor's MicroStrategy Plans to Raise $2B to Buy More Bitcoin

Ripple Ordered to Pay $125M in Securities Law Violation Case, Possibly Ending SEC vs. Ripple Conf...

Top Crypto Analyst Urges Buying Amid Fear as Major Investors Accumulate Bitcoin in Record Numbers

China’s LLM usage hits 600 million users amid accelerated GenAI adoption

Here’s why Solana-based Jupiter sees nearly half of transactions fail in the last month

US Policy Group Proposes Bitcoin Tax-Free Zone to Boost Digital Economy

Join our free newsletter for daily crypto updates!