To qualify for liquidity support, creators must lock 100% of their liquidity for at least one year, add 10% of the total token supply to the liquidity pool, and ensure that the top 10 wallet holders do not control more than 10% of the total supply.
The competition schedule runs from October 22, 2024, to December 16, 2024. The top-ranked meme coins will receive cash awards, with $30,000 for first place, $15,000 for second, and $5,000 for third.
To qualify for the top prizes, meme coins must have a daily trading volume of $1 million and over 5,000 active accounts. If no participants meet these criteria, rewards will roll over to the next round. Rewards will be distributed based on a liquidity pool performance score, which includes metrics such as liquidity, average trading volume, active accounts, and market capitalization.
BNB Chain Launches Meme Coin Innovation #4 With $200,000 Prize Pool
BNB Chain is set to host its latest meme coin competition, Meme Coin Innovation #4, offering a $200,000 prize pool and up to $100,000 in liquidity support. The competition aims to promote creativity and strategic thinking among meme coin creators.
The event is divided into four rounds, with participants vying for a portion of the prize pool in each round. Meme Coin Innovation #4 is an excellent opportunity for meme coin creators to demonstratecase their talents and strategic acumen, with substantial financial incentives and a structured competition format.
The event is set to kick off on October 22, 2024, promising an exciting journey for both creators and the broader cryptocurrency community.
