The fund this time called the “Growth Incentive Program”, will initially support 10 projects in Q4, 2022, with total gas fee incentives of up to 800 BNB for a month. In addition, individual projects can receive $1 million per month to cover spending on gas, and transaction fees paid to blockchain network validators for their services.
Gwendolyn Regina, Chief Investment Officer at BNB Chain, said:
“Through the Growth Incentive Program, BNB Chain aims to support projects at various stages of growth and provide direct support for user acquisition.”
Qualification criteria for projects to join the program are to achieve a basic goal of large daily active users, in line with the growing reception from the community. Only projects that have been deployed on BNB Chain are eligible to participate.
Earlier, at the beginning of October 2022, BNB Chain also launched the “European Innovation Incubator”, a three-week campaign designed for Web3 startups across Europe, aiming to build and scale for dApps, towards a more globally decentralized future. In addition, BNB Chain has also successfully partnered with Google Cloud to provide infrastructure and mentoring for Web3 startups.
This is considered the remarkable effort of BNB Chain to regain the trust of users, especially after the blockchain developed by Binance was hacked for $ 586 million. However, the BNB Chain team was very quick to fix the problem by conducting a blockchain hard fork.
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