Participating memecoins must have at least one security audit and open-source the project on BscScan.
Smart contract blockchain BNB Chain is attempting to attract memecoin developers amid the explosive growth of meme tokens within the crypto ecosystem.
In an announcement sent to Cointelegraph, BNB Chain said it is allocating up to $1 million to reward eligible developers deploying their memecoin projects in the network.
The company highlighted that this was part of its efforts to “accelerate the growth of the memecoin landscape” within BNB Chain.
