According to TechFlow, on October 17, BNB Chain announced the launch of the "Meme Innovation Competition Round 4" with a prize pool of $200,000. As part of the $900,000 liquidity pool plan, contestants have the opportunity to receive up to $100,000 in LP support. The competition is divided into four rounds, each with a prize of $50,000, and the first round will start on October 22, 2024. Contestants need to launch Meme Coin, create a social presence and submit an application, and the winner must meet specific LP conditions. The competition will be ranked based on indicators such as liquidity, trading volume, and active accounts. The top three must meet the conditions of daily trading volume exceeding $1 million and the number of active accounts exceeding 5,000.