Product

Learn

Company

AKTIO coin

BNB Chain Introduces $10M Fund to Incentivize Project Growth on the Blockchain

MARKET_WATCH Blockchain

The program, known as the Growth Incentive Program, will initially support 10 projects in the fourth quarter, with gas incentives of up to 800 BNB tokens a month in total. In addition, individual projects can receive $1 million a month to cover fees spent on gas, the transaction fee paid to blockchain network validators for their services. 

 

BNB Chain, one of the world's most actively used blockchains by daily active users, has introduced a $10 million fund to help projects with user acquisition and growth, a company representative told CoinDesk.

 

The program, known as the Growth Incentive Program, will initially support 10 projects in the fourth quarter, with gas incentives of up to 800 BNB tokens a month in total. In addition, individual projects can receive $1 million a month to cover fees spent on gas, the transaction fee paid to blockchain network validators for their services.

 

"Through the Growth Incentive Program, BNB Chain aims to support projects at various stages of growth and provide direct support for user acquisition," Gwendolyn Regina, investment director at BNB Chain, said.

 

Qualification criteria for the program require that projects achieve a baseline target daily active users every month that is consistent with proof of growing user adoption. Only projects already deployed on the chain are eligible, but they can be at any stage of their journey as long as they have shown consistent user growth.

 

Earlier this month, BNB Chain launched a European Innovation Incubator, a three-week virtual program designed for innovative Web3 startups across Europe to build and scale dapps, driving towards a decentralized future.


 

Source : news.google.com/__i/rss/rd/articles/CBMieWh0dHBzOi8vd3d3LmNvaW5kZXNrLmNvbS9idXNpbmVzcy8yMDIyLzEwLzI1L2JuYi1jaGFpbi1pbnRyb2R1Y2VzLTEwbS1mdW5kLXRvLWluY2VudGl2ZS1wcm9qZWN0LWdyb3d0aC1vbi10aGUtYmxvY2tjaGFpbi_SAQA?oc=5 undefined - October 25, 2022

Join our 60k+
tribe of Akters

Have any questions?

Check our Q&A

About the AKTIO coin

Benefit fully from our ecosystem

What’s new in the App?

We’re adding new features

Customer support

support@akt.io

+353 1 574 7382

Opening hours:

Monday to Friday: 9am - 5pm CET

Company

About

AKTIO coin

Careers

Learn

News

Glossary

AKT Academy

Help

FAQ

Sitemap

System Status

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.