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BNB Chain is ready to spend $1 million to attract memcoin developers

BNB Chain announced that it has found $1 million to reward developers who deploy memcoin projects on the network. Funds are allocated to accelerate the development of the memcoin market in BNB and to compete with Ethereum.

Coin developers on BNB Chain have the opportunity to apply for the campaign and deploy their memcoins between April 10 and May 9, 2024.

As representatives of BNB Chain hope, the competition with a prize fund of $1 million will allow memtoken developers to be more willing to innovate. To apply, you must meet a number of requirements, including conducting at least one security audit of the project, opening the source code in the BNB Smart Chain BscScan blockchain explorer.

The minimum volume of memtoken trading must be at least $2 billion, and the number of owners must be more than 1000. The project must have accounts on social networking sites, including Telegram and Discord.

Previously, co-founder of the BitMEX cryptocurrency derivatives exchange, Arthur Hayes, said that meme tokens could “serve well” for the blockchains on which they are launched.

Source: Cryptocurrency

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