iBNB

<ul><li>BNB Chain launches a $1M Gas Grants Program to boost Dapp innovation, with rewards for high gas fees and daily users.</li><li>Dapps on BNB Smart Chain or opBNB, deployed after Jan 1, 2024, are eligible for BNB Chain&#39;s Gas Grants Program.</li><li>BNB Chain offers up to $440K monthly for top Dapps, rewarding based on gas fees and daily active users.</li></ul>BNB Chain has <a href="https://www.bnbchain.org/en/blog/bnb-chain-gas-grants-program-share-over-1m-in-rewards-across-3-months" rel="noopener noreferrer nofollow">launched</a> its revamped Gas Grants Program, a substantial initiative offering over $1 million in rewards to incentivize and support decentralized application (Dapp) developers. The program, announced today, August 19, 2024, aims to foster innovation within the BNB Chain ecosystem by providing financial rewards to projects that excel in user engagement and gas fee generation.Key Details of the Gas Grants ProgramThe Gas Grants Program is open to Dapps operating on the BNB Smart Chain (BSC) or opBNB mainnet, provided they were deployed after January 1, 2024. Eligible projects must maintain an average daily active user (DAU) count exceeding 100 in the 30 days leading up to the announcement and have completed at least one security audit. Registration is open from today and will cover three competition periods — September, October, and November 2024.Each month, rewards totaling up to $440,000 will be distributed, based on 80% of the total gas fees accumulated by participating Dapps. For instance, if the total gas fees for a given month reach $10 million, the reward pool will be capped at $440,000. The reward allocation will consider both gas fees and DAU, with a 70% weight for gas fees and 30% for DAU.<a href="https://cryptotale.org/bnb-chain-launches-1m-gas-grants-program-to-propel-dapp-innovation/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BNB Chain Launches $1M Gas Grants Program to Propel Dapp Innovation

CryptoTale

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