Calling All Creators! BNB Chain Holds Competition to Find the Next Hot Memecoin

In a bid to discover the next big memecoin, Binance's BNB Chain is launching a competition for developers with a grand prize of up to $1 million. Called the BNB Chain Meme Innovation Battle, this contest is open to developers and aspiring memecoin creators until April 9th. The competition itself kicks off on April 10th, and winners will be revealed a month later with prizes awarded three weeks after that.

Here's the twist: the prize pool is dynamic, meaning it can grow! The more trading activity these new memecoins see during the competition, the bigger the total prize pot gets. Ultimately, the final prize pool will be split amongst the winners based on three factors: total trading volume, the size of their market cap, and the number of community members they hold.

How true is this information true

Yes, the information is likely true based on current events (April 3, 2024). Here's why:

Several news sources reported the BNB Chain Meme Innovation Battle on April 2, 2024, including:

BNB Chain themselves

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