BEVM Visionary Builders Program Rewards

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by Giorgi Kostiuk

2 years ago

Made with AI

BEVM Visionary Builders Program Rewards

The BEVM Visionary Builders program, in collaboration with Binance wallet, has launched a new incentive strategy aimed at nurturing ecosystem projects. With a focus on fostering innovation, the program spans across 17 tracks, including DEXs, lending platforms, stablecoins, and more.

Program Overview

BEVM's Visionary Builders initiative is a holistic incentive program designed to support and propel projects within the ecosystem. With a total reward pool of $60 million, the program is set to recognize exceptional contributions from projects and users alike.

A core feature of the program is the implementation of an on-chain community voting platform. This voting mechanism allows project teams to showcase their active user base, a pivotal aspect in evaluating project viability. Participants engaging in on-chain voting not only stand to gain airdrops of ORDINALS•RUNE but also BEVM tokens.

The program is currently open for project submissions, and interested teams can apply via the dedicated section on the BEVM website.

Application Process

The application process for the Visionary Builders program follows these steps:

  1. Project teams submit their applications.
  2. Approved projects are listed on the 'BVB' section of the BEVM website, inviting community members to cast their votes.
  3. After the initial month, BEVM distributes ORDINALS•RUNE assets and $60 million in tokens based on the ECO score ranking.
  4. Monthly announcements of BVB winners commence from the second month, with voting scores accumulating over time.

Reward Allocations

BEVM plans to allocate $60 million in assets to reward ecosystem projects and participants in the BVB program. The distribution breakdown is as follows:

  • 30% designated for airdrops to on-chain voters
  • 70% allocated to incentivize outstanding ecosystem projects

Rewards will be distributed based on the ECO scores held by on-chain voters, promoting active engagement.

Earning ECO Scores

  1. Genesis Box (GBX): An initial BEVM ecosystem asset rewarding users who participated during the mainnet launch, offering ECO scores based on on-chain activity.
  2. Inviting Users: Users using an invitation code receive a 5% score boost, with inviting users earning 5% of the score for each vote cast.
  3. Voting: Users accumulate 100 scores per vote, contributing towards the overall leaderboard.

BEVM emphasizes transparency and fairness in its reward mechanisms, ensuring that all contributors receive appropriate recognition.

Significance of the Program

The Visionary Builders program not only energizes the Bitcoin ecosystem but also serves as a strategic move by BEVM to enhance its ecosystem's growth. By leveraging multi-dimensional assessments and community voting, BEVM can identify and nurture projects with immense potential, driving industry advancement.

In the competitive landscape of cryptocurrencies, technological progress, market viability, and community involvement are critical for project success. BEVM's approach ensures the discovery of promising projects and encourages community support, fostering industry development.

BEVM's substantial investment of $60 million underscores its commitment to innovation. By introducing on-chain voting and comprehensive evaluation methods, BEVM guarantees fair reward distribution based on contributions.

Decentralized Governance

The introduction of a community voting mechanism enhances BEVM's governance, promoting decentralization and transparency. Community involvement in project selection enhances trust and transparency within the ecosystem.

Through the BVB program, BEVM extends technical and marketing support to selected projects, aiding in technical challenges and boosting visibility. Collaborations with investment entities and exchanges further strengthen the ecosystem, supporting outstanding projects.

About Visionary Builders

The launch of the BEVM Visionary Builders program signifies BEVM's commitment to fostering a vibrant ecosystem. As the program advances, BEVM seeks to attract top projects and users, driving growth within the network and advancing the Bitcoin Layer 2 ecosystem.

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