Smart contract blockchain BNB Chain is attempting to attract memecoin developers amid the explosive growth of meme tokens within the crypto ecosystem.
The company highlighted that this was part of its efforts to “accelerate the growth of the memecoin landscape” within BNB Chain. According to BNB Chain, the competition allows its community members to innovate creatively. It wrote: While the competition seems simple, some requirements may be challenging to achieve. Participants need a minimum trading volume of $2 billion for their memecoins to qualify for the lowest reward. Meanwhile, memecoins with over $30 billion in trading volume can qualify for the $1 million prize.In addition, there are other eligibility requirements, including completing at least one security audit and open-sourcing the project on BNB Smart Chain’s blockchain explorer, BscScan.