Binance, one of the leading and top crypto exchanges with more than 150 million users, offers a user-friendly platform for buying, selling, and tracking crypto prices. The company has introduced a Memecoin Creating contest for its BNB Chain.
BNB Chain Meme Innovation Battle
Memecoin is now one of the most trending cryptocurrencies whether it is Dogecoin, Shiba Inu, Bonk, or Pepe Hence Binance has decided to make a new viral meme coin on BNB Chain and for that, it has introduced a Memecoin creation contest where anyone can participate to earn a prize pool of up to $1 Million.
The "Meme Innovation Battle" initiative splits a prize pool of up to $1 million among developers who create meme coins that hit big trading milestones. Participants have until the 9th of April to sign up. Then, over the next month, meme coins will compete to be popular. The best meme coin is decided based on trading volume (50%), number of token holders (40%), and market value (10%).
At the end of the month, the top 10 coins are announced. If all coins together reach $30 billion in trading, the prize pool for the top 10 is $1 million. The prize depends on trading volume. If all coins reach only $10 billion in trading, the prize is $300,000. The best meme coin gets 40% of the prize, second place gets 30%, third gets 15%, and the rest is split among the fourth to tenth places.
Hence it is one of the good crypto opportunities for developers and crypto enthusiasts to showcase their crypto talent and earn a big prize which can range up to $1 Million.
