- Key Details of the Program
- Eligibility Criteria
- Reward Distribution Process
BNB Chain has announced the launch of its revamped Gas Grants Program, offering rewards totaling over $1 million to incentivize and support decentralized application (Dapp) developers. The program launches on August 19, 2024, with the aim to encourage projects displaying high user engagement and gas fee generation.
Key Details of the Program
The Gas Grants Program is open to Dapps operating on the BNB Smart Chain (BSC) or opBNB mainnet, provided they were deployed after January 1, 2024. The program was announced on August 19, 2024, and includes three competition periods — September, October, and November 2024.
Eligibility Criteria
Eligible projects must maintain an average daily active user (DAU) count exceeding 100 in the 30 days leading up to the announcement and have completed at least one security audit. Registration is open from today.
Reward Distribution Process
Each month, rewards totaling up to $440,000 will be distributed, based on 80% of the total gas fees accumulated by participating Dapps. For example, if the total gas fees for a given month reach $10 million, the reward pool will be capped at $440,000. The reward allocation will consider both gas fees and DAU, with a 70% weight for gas fees and 30% for DAU.
The launch of the Gas Grants Program by BNB Chain represents a significant step towards supporting and encouraging innovation within the BNB Chain ecosystem.
