BNB Chain, the leading community-driven blockchain ecosystem, has announced the launch of its Trading Volume Incentive Program, designed to reward both trading enthusiasts and ecosystem projects. This initiative aims to foster growth within the BNB Chain ecosystem, specifically targeting projects building on opBNB and BNB Smart Chain (BSC). The program is structured into two distinct parts, each with its own set of eligibility criteria and reward mechanisms.

Part I: Trading Volume Challenge

The first part of the program, the Trading Volume Challenge, is open to opBNB and BSC projects aiming to increase their trading volumes. Eligible projects can compete for rewards of up to $200,000. The application period for this challenge runs from May 21 to May 26, 2024, ending at 23:59 UTC. The competition itself will take place from May 27 to June 25, 2024.

Rewards in the Trading Volume Challenge are allocated based on the total incremental trading volume during the event, compared to a baseline established by the aggregate trading volume of all participants in the 30 days preceding the announcement. The distribution of the prize pool is as follows:

- Top 1: 40% of the total prize pool
- Top 2: 25% of the total prize pool
- Top 3: 15% of the total prize pool
- Top 4:7% of the total prize pool
- Top 5: 4% of the total prize pool
- Top 6-10: 9% of the unlocked rewards, split equally

Participants can increase their chances of winning by up to five times by boosting their trading volume. Detailed terms of participation and reward allocation can be found on the official BNB Chain website.

Part II: Trading Rankings Competition

The second part of the program, the Trading Rankings Competition, is open to all Web3 users, including both new and existing participants. This competition offers rewards of up to $50,000, with allocations for top performers ranging from $2,000 to $5,000. Additionally, there are rewards for lucky draw winners. To participate, users must submit their wallet address and aim to increase their trading volume during the event.

To be eligible for the lucky draw, users' addresses must have conducted transactions totaling at least $10,000. The application period for this part of the program runs from May 27 to June 25, 2024, ending at 23:59 UTC. The lucky draw will be conducted during a live AMA session on BNB Chain’s X account following the event.

Program Highlights

- Advanced Technology: BNB Chain's infrastructure, including BNB Smart Chain (BSC) and opBNB, offers a secure, scalable environment with the lowest gas fees among EVM-compatible Layer 1 and Layer 2 solutions.
- Security Measures: The ecosystem is safeguarded by AvengerDAO, which protects users, and Red Alarm, a real-time risk scanner for decentralized applications (DApps).
- Builder Support: The Builder Support Program provides monetary and ecosystem rewards to developers and projects, encouraging innovation and growth within the ecosystem.

About BNB Chain

BNB Chain is a pioneering blockchain ecosystem focused on removing barriers to Web3 adoption. It comprises:

- BNB Smart Chain (BSC): A secure hub for decentralized finance (DeFi) with minimal gas fees, serving as the governance chain of the ecosystem.
- opBNB: A Layer 2 scalability solution offering low gas fees and rapid transaction processing speeds.
- BNB Greenfield: A decentralized storage solution that allows users to establish their own data marketplaces.

BNB Chain’s commitment to security, transparency, and community engagement sets it apart, making it a trusted platform for developers and users alike. For more information on the Trading Volume Incentive Program and to stay updated on the latest developments, users can follow BNB Chain’s announcements on their X account and visit the official BNB Chain website.