BNB Chain launches a trading volume incentive program that offers up to USD $250,000 – DiarioBitcoin

BNB Chain’s new program is divided into two parts and aims to drive growth within the blockchain ecosystem.

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Dubai, United Arab Emirates, May 21, Chainwire.-

BNB Chainthe community-driven blockchain ecosystem that includes one of the world’s largest smart contract blockchainsannounced today the launch of its trading volume incentive program for traders and projects that are based on opBNB and BNB Smart Chain (BSC).

The program is divided into two parts, each with its own eligibility criteria and rewards. Part I is the Trading Volume Challenge, open to opBNB and BSC projects looking to increase their trading volumes and potentially win lucrative rewards of up to USD $200,000. Interested users can apply here.

Part II is the trading leaderboard competition, open to all users in the community, offering rewards of up to USD $50,000. Users can apply to participate here.

Designed to potentially reward both trading enthusiasts and ecosystem projects, the trading volume incentive program aims to drive growth within the BNB chain ecosystem. BSC or opBNB based projects are eligible to apply to Part I of the program. They will have the opportunity to obtain a share of the prize pool, determined by the total increase in trading volume during the event. The baseline is determined by the aggregate trading volume of all participants within 30 days prior to the announcement and rewards will be allocated as follows:

• Top 1 = 40% of the total prize
• Top 2 = 25% of the total prize
• Top 3 = 15% of the total prize
• Top 4 = 7% of the total prize
• Top 5 = 4% of the total prize
• Top 6-10 = 9% of unlocked rewards divided equally

The application period for Part I: Trading Volume Challenge will run from May 21 to May 26, 2024 at 23:59 UTC. The competition period will run from May 27 to June 25, 2024.

Participants can increase their chances of winning up to five times by increasing their trading volume. You can find more details about the terms of participation and the allocation of rewards here.

Part II of the program is open to all Web3 users, including old and new, and participants have the opportunity to win rewards of up to $50,000. Rewards will be allocated to top players ranging from USD$2,000 to USD$5,000, with additional rewards for raffle winners.

To join, users can submit their wallet address here, and to have a chance to get more rewards during the event, they can try to increase their trading volume. To be eligible for the giveaway, user addresses must have made transactions totaling at least USD $10,000.

The application period for Part II: Trade Rankings Competition will run from May 27 to June 25, 2024 at 23:59 UTC. The drawing will take place during a live AMA session on the count of of BNB Chain after the event. The leaderboard is currently in development and will be ready in early June. Users can stay tuned for BNB Chain announcements on their count of.

Users can visit here to learn more about the trading volume incentive program and stay updated on this and other BNB Chain initiatives in your X account.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the governance chain of the ecosystem.
• opBNB: A scalable L2 that offers the lowest gas rates of any L2 and fast processing speeds.
• BNB Greenfield: Meets the decentralized storage needs of the ecosystem and allows users to establish their own data markets.

Setting a high bar for security, the community of AvengerDAO protects BNB Chain users while Network Alarm provides a real-time risk scanner for Dapps. The ecosystem also offers a variety of monetary and ecosystem rewards as part of its builder support program.

For more information, users can follow BNB Chain on x or start exploring through the application library.

Press release

Disclaimer: This is a press release produced by the BNB Chain team. DailyBitcoin was not involved in its production and does not endorse or promote the commercial offers and/or promotions cited throughout the text.

BNB Chain text and image

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