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BNB Chain Gas Grants Program: Share Over $1M in Rewards Across 3 Months!

2024.8.19  •  4 min read
Blog post image.

We're excited to announce the improved BNB Chain Gas Grants Program! This extended three-month initiative is designed to fuel sustained innovation and growth within the BNB Chain ecosystem. 

BNB Chain is dedicated to supporting startups and developers in crossing the chasm to achieve real business success. With over $1 million in rewards on the line, join us in our mission to onboard the next billion Web3 users and elevate your project to make a lasting impact!

Who Can Join?

This program is open to:

  • Dapps deployed on the BSC/opBNB mainnet after January 1, 2023.
  • Projects with an average daily active user (DAU) count of over 100 in the 30 days before the announcement.
  • Projects that have undergone at least one security audit.

If this sounds like your project, be sure to complete the registration

Key Dates

Stay on track with these important dates:

Launch Day

August 19, 2024

Registration Period

Open from August 19, 2024

Competition Period

  • Month 1:2024 September 1, 00:00 -2024 September 30, 23:59 UTC+0

  • Month 2:2024 October 1, 00:00 - 2024 October 31, 23:59 UTC+0

  • Month 3:2024 November 1, 00:00-2024 November 30, 23:59 UTC+0

Reward Distribution

Within one week after each month

Prize Pool

Up to $440,000 per month is available! The prize pool is calculated as 80% of the total gas fees generated by all participants within the given period.

For example:

  • If the total gas fee in September is $10,000, the bonus pool for that month will be $8,000.
  • If the total gas fee in September is $10 million, the bonus pool will be capped at  $440,000

Competition Rules & Reward Settings

Participants will be ranked and rewarded based on their DAU and gas fee.

Weight ratio

Ranking of Gas Fee

70%

Ranking of DAU

30%

Reward Structure

Tier

Gas fee refund ratio

Tier 1

Top 1-3

80% 

Maximum limit per project is $50,000

Tier 2

Top 4-8

50% 

Maximum limit per project is $30,000

Tier 3

Top 9-15

30%

Maximum limit per project is $20,000

Get Started Now!

Don't miss out on this incredible opportunity to accelerate your project's success over the next 3 months. Register now and start building on the BNB Chain to maximize your chances of earning a share of the $1+ million reward pool. Join the BNB Chain Gas Grants Program today and help shape the future of blockchain!

For more details and to register, visit BNB Chain Gas Grants Program.

Important Notes for this Program

  • To qualify for this policy, the top 15 projects must demonstrate positive growth in either incremental gas fees or incremental daily active users (DAU). The criteria are as follows:
    • Incremental Gas Fee:
      • Month 1: Average gas fee during the event minus the average gas fee from the 7 days before the announcement date on August 19th.
      • Month 2: Average gas fee during the event minus the average gas fee in the 7 days before October 1st.
      • Month 3: Average gas fee during the event minus the average gas fee in the 7 days before November 1st.
    • Incremental DAU: 
      • Month 1: Average DAU during the event minus the average DAU from the 7 days before the announcement date on August 19th.
      • Month 2: Average DAU during the event minus the average DAU in the 7 days before October 1st.
      • Month 3: Average DAU during the event minus the average DAU in the 7 days before November 1st.
    • Only projects showing an increase in either of these metrics will be eligible to benefit from this policy.
  • This Gas Grant program applies to both opBNB and BSC networks. Regardless of which network the project is deployed on, it will be ranked based on these two dimensions(Gas Fee and DAU).
  • When a project is deployed on both opBNB and BSC, it will enter the competition separately for each chain, with data counted separately. If this project ranks in the top 15 on both chains, it will receive the higher-ranked award, and the lower rank will be passed to the next project. No project can receive the award twice.
  • Participants only need to register once.
    • We will update the list of participants every Friday.
    • If you did not register before the competition, you can also register during the competition period and your data will be updated on Leaderboard the following week.
    • If you registered during the second contest period, unfortunately, you will not be able to participate in the first contest period.
  • Reward distributionEach month's rewards are distributed independently and will be divided into 2 parts.
    • 50% of the rewards will be distributed within 2 weeks after the end of each epoch to the BEP20 wallet address provided by the participant in the application form.
    • After the event ends, the winners need to keep their Gas Fee for one month (Gas reduction <15%), and the remaining 50% of the reward will be distributed to the project wallet address in the middle of the next natural month.
    • The BNB Chain core team will distribute rewards according to the real-time BNB token exchange rate on the distribution day.
  • Leaderboard will be launched on September 5th. Data will be updated on a T+1 basis. You can check your ranking here.
  • We encourage projects to use the rewards received from this program to keep building their DAU/txs/Trading vol/TVL on BNB Chain.
  • The BNB Chain core team reserves the right to disqualify projects that are deemed to be using illegal bulk wallet addresses, those that are displaying attributes of market manipulation, or other fraudulent activity.
  • The BNB Chain core team reserves the right in its sole discretion to amend or cancel this program at any time and for any reason without prior notice.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

Disclaimer

Participation in the BNB Chain Gas Grants is completely optional. Applicant projects that are found eligible are required to agree to additional terms and conditions to benefit from the program. We do not and cannot control activity and data on the BNB Chain or the activities that community participants may develop using BNB Chain, which is a public, decentralized and permissionless blockchain. Participation in the BNB Chain Gas Grants by any third-party project should not be construed as a recommendation, vetting, or endorsement of such third-party projects by BNB Chain, or any other affiliated entity.

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