According to Foresight News, BNB Chain announced the launch of the "Meme Innovation" competition, with a dynamic prize pool of up to US$1 million, with the final amount determined by the total transaction volume of eligible Meme coins during the competition. The application period will close on April 10, 2024 at 7:59 AM, and the top 10 winners will be announced on May 16.

Eligibility requirements for participating Meme tokens include: completing at least one security audit and open source the project on BscScan; the total locked liquidity must exceed 25% for at least half a year; the number of valid new Meme holders must exceed 1,000; must have a Social media accounts; public pre-sale projects are not eligible to participate; Meme tokens that have not been deployed on BSC need to be deployed before the end of the event to participate in the competition; if a new Meme asset is launched, just publish it before the end of the event Qualify for the competition.