BNB Chain Expands DAU Incentive Program

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24 Apr 2024

BNB Chain Expands DAU Incentive Program; Pledges USD $1.85 Million In Ecosystem Incentives, and Offers Up To $200K

24 April 2024, Dubai, UAE Chainlink

The world's largest smart contract blockchain, part of the community-driven blockchain ecosystem BNB Chain, today announced the start of its DAU (Daily Active Users) Incentive Program for companies that build upon BNB Chain. The initiative will keep rewarding top-performing projects that are constructing on the DeFi hub, BNB Smart Chain (BSC), with up to $200,000 USD in BNB tokens. Projects based on opBNB, the perfect blockchain for Dapps that need high transaction frequency, like fully on-chain games, can now enter this phase as well.

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With the start of the DAU Incentive Program, BNB Chain has already committed $1,850,000 in financial incentives to speeding up ecosystem growth in the last 30 days. This comprises USD $1 million for qualified participants based on their ranking in total trading volume, market cap, and meme community holders; $160,000 is being committed to the top 5 projects with the highest incremental Total Value Locked; and $490,000 is for Q2 Hackathon participants. These incentives, which prioritize ecosystem growth and accelerate the success of enterprises built on BNB Chain, are a welcome addition to the numerous ecosystem growth programs, such as the MVB program.
The goal of the BNB Chain DAU Incentive Program is to raise DAU while promoting and rewarding creative on-chain games, AI initiatives, social projects, and other initiatives based on opBNB and BSC. It also offers the opportunity to be a part of an exciting and fruitful environment that aims to speed up progress.
Projects that are live on BSC since January 1, 2023 or opBNB are eligible to submit an application to be considered https://forms.monday.com/forms/3db9635990827a2553aad6031ee1849b?r=euc1. until April 30, 2024. Criteria includes having completed at least one security audit and having an average of at least 10 DAU in the 7-days prior to application. More details on participation terms and reward allocation can be found https://www.bnbchain.org/en/blog/bnb-chain-dau-incentive-program-up-to-200-000-in-bnb-to-be-won.

The $200,000 prize fund will be made available in accordance with each participant's increasing DAU over the course of the tournament.
Tier 1: A total of 100K to 300K increment DAU (not deduplicated) for every participant unlocks a $50,000 awards pool.
Tier 2: $150,000 rewards pool unlocked by a cumulative increment DAU of 300K to 500K for all participants (not deduplicated).
Tier 3: 500K = total increment DAU (not deduplicated) for all participants = unlocked $200,000 prizes pool

Rewards will be given to participants according to how the three dimensions—average DAU, increment DAU, and gas fee—rank throughout the event.
First place unlocks 40% of the dynamic prizes pool.
30% of the dynamic rewards pool is unlocked for the second award.
15% of the dynamic rewards pool is unlocked for the third place.
10% of the dynamic rewards pool is unlocked for the fourth prize.
5% of the dynamic rewards pool is unlocked as the fifth prize.
This program's application period will run from April 24, 2024, at 23:59 UTC, to April 30, 2024. The tournament will take place from May 1 to June 1, 2024, and 50% of the prizes will be given out within three weeks of the end of the event. If the project keeps its average DAU with a 15% reduction or less, the remaining 50% will be disbursed by the next calendar month.
To find out more about the BNB Chain Web3 Builder Support programs, users can visit https://www.bnbchain.org/en/developers/developer-programs and keep updated on https://twitter.com/BNBCHAIN .

Concerning BNB Chain
Web3 adoption is being facilitated by the community-driven blockchain ecosystem known as BNB Chain. It consists of: The ecosystem's governance chain is the BNB Smart Chain (BSC), a secure DeFi hub with the lowest gas fees of any L1 that is compatible with EVMs. opBNB: A scalable L2 with quick processing speeds and the lowest gas expenses of any L2. BNB Greenfield: Allows users to create their own data marketplaces and satisfies the ecosystem's decentralized storage demands.

Red Alert offers a real-time risk-scanner for Dapps, while the AvengerDAO community sets a high standard for security by defending BNB Chain users. As part of its Builder Support Program, the ecosystem also provides a variety of in-kind and monetary prizes.