Overview of the Gas Grants Program
BNB Chain has announced the launch of its revamped Gas Grants Program, offering over $1 million in rewards to stimulate and support decentralized application (Dapp) development. The program, unveiled on August 19, 2024, is designed to encourage innovation within the BNB Chain ecosystem by rewarding projects based on user engagement and gas fee generation.
Eligibility and Application Details
The Gas Grants Program is open to Dapps operating on the BNB Smart Chain (BSC) or opBNB mainnet, provided they were deployed after January 1, 2024. To qualify, projects must meet the following criteria:
- Maintain an average daily active user (DAU) count exceeding 100 over the 30 days preceding the announcement.
- Complete at least one security audit.
Registration for the program begins today and will cover three competition periods: September, October, and November 2024.
Reward Structure
Each month, the program will distribute up to $440,000 in rewards. The rewards will be allocated based on 80% of the total gas fees generated by participating Dapps. For example, if the total gas fees for a given month reach $10 million, the reward pool will be capped at $440,000. The reward distribution will be weighted as follows:
- 70% based on gas fees.
- 30% based on daily active users (DAU).
This structured approach aims to balance the incentives between high gas fee generation and strong user engagement.
Conclusion
BNB Chain’s Gas Grants Program represents a significant effort to drive Dapp innovation and growth on its platform. By offering substantial rewards and focusing on both gas fees and user activity, the program is set to support and enhance the development of new and engaging decentralized applications.
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