BNB Chain Launches Third TVL Incentive Program; Offering Up to $300K To Accelerate Growth

The post BNB Chain Launches Third TVL Incentive Program; Offering Up to $300K To Accelerate Growth appeared on BitcoinEthereumNews.com. [PRESS RELEASE – Dubai, UAE, June 19th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced the launch of the third installment of its (Total Value Locked) Incentive Program. This program is committed to nurturing Web3 ventures that are deployed on BNB Smart Chain (BSC) or opBNB. Two challenges have been crafted for this series: a $100,000 BNB Lock-Up Challenge (Part A) and a $200,000 TVL Challenge (Part B). The TVL Challenge now includes all forms of assets, not just BNB. The BNB Staking Challenge is engineered for DeFi platforms that support BNB staking, with participants to be ranked and rewarded based on their BNB lock-up and staked LSD BNB increments during the event. The reward for this challenge extends up to $50,000 with all DeFi platforms supporting BNB staking are eligible to get involved. The TVL Incentive Program offers a $200,000 prize pool to be distributed based on the total incremental TVL of all participants and is open to DeFi projects on opBNB and BSC. Participants will share rewards calculated on their incremental TVL and BNB locked during the event period. The third installment of the BNB Chain TVL Incentive Program not only boosts innovative projects on BNB Chain but also fosters a stimulating ecosystem to accelerate growth. Several successful recipients of our past TVL Incentive Program, like Kinza Finance, BSquared, and Thena have become cornerstone projects within the BNB ecosystem, showcasing significant growth. Applicants must pass at least one security audit and be live on BSC or opBNB for consideration. Weighting and further criteria can be found here and applications can be made here. The application period for Part A and Part B commences from 19 June 2024 to 26 June 2024. The competition period will run from 27 June…

Jun 19, 2024 - 20:00
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BNB Chain Launches Third TVL Incentive Program; Offering Up to $300K To Accelerate Growth

The post BNB Chain Launches Third TVL Incentive Program; Offering Up to $300K To Accelerate Growth appeared on BitcoinEthereumNews.com.

[PRESS RELEASE – Dubai, UAE, June 19th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced the launch of the third installment of its (Total Value Locked) Incentive Program. This program is committed to nurturing Web3 ventures that are deployed on BNB Smart Chain (BSC) or opBNB. Two challenges have been crafted for this series: a $100,000 BNB Lock-Up Challenge (Part A) and a $200,000 TVL Challenge (Part B). The TVL Challenge now includes all forms of assets, not just BNB. The BNB Staking Challenge is engineered for DeFi platforms that support BNB staking, with participants to be ranked and rewarded based on their BNB lock-up and staked LSD BNB increments during the event. The reward for this challenge extends up to $50,000 with all DeFi platforms supporting BNB staking are eligible to get involved. The TVL Incentive Program offers a $200,000 prize pool to be distributed based on the total incremental TVL of all participants and is open to DeFi projects on opBNB and BSC. Participants will share rewards calculated on their incremental TVL and BNB locked during the event period. The third installment of the BNB Chain TVL Incentive Program not only boosts innovative projects on BNB Chain but also fosters a stimulating ecosystem to accelerate growth. Several successful recipients of our past TVL Incentive Program, like Kinza Finance, BSquared, and Thena have become cornerstone projects within the BNB ecosystem, showcasing significant growth. Applicants must pass at least one security audit and be live on BSC or opBNB for consideration. Weighting and further criteria can be found here and applications can be made here. The application period for Part A and Part B commences from 19 June 2024 to 26 June 2024. The competition period will run from 27 June…

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