Binance has introduced an innovative challenge aimed at enticing developers to create the next big cryptocurrency meme on their BNB Chain. The popular crypto exchange is offering a substantial prize of up to $1 million for participants in the BNB Chain Meme Innovation Battle.
In a recent blog post, Binance announced the exciting opportunity for developers and creators to showcase their creativity and compete for amazing rewards. Interested individuals have until April 9th to register for the competition, which will take place the following day. The finalists and winners will be announced approximately one month later, with the winner receiving their rewards three weeks after their victory.
What makes this competition even more interesting is the dynamic prize pool, which means that the amount can change based on the total trading volume of the qualified memes during the competition period. The higher the trading volume, the larger the prize pool. The final prize pool will be divided among qualified participants based on their ranking in three categories: total trading volume, market cap, and meme community holders.
Anyone who meets the prerequisites of the competition is encouraged to register through an online application provided in the official company blog post. This initiative by Binance is not only an innovative way to engage developers and creators but also an opportunity to tap into the power of memes and viral content in the cryptocurrency space.