BEVM Visionary Builders BVB Program Unveils 60 Million Ecosystem Incentive Program
Hong Kong, China – June 7th, 2024 – Chainwire
BEVM has unveiled a new initiative called the BEVM Visionary Builders (BVB) program, following its recent collaboration with Binance wallet for an exciting airdrop event.
Introducing BEVM Visionary Builders
Initiated by BEVM, the “Visionary Builders” incentive program is designed to foster the growth of 17 different areas, including DEXs, lending, stablecoins, and more. By encouraging community involvement and utilizing a multi-faceted evaluation approach, the program will offer a total of $60 million in rewards to exceptional projects and users.
The program features an on-chain community voting system where participating project teams can showcase their active user base through voting, a key aspect of project evaluation. Users who engage in on-chain voting will not only receive airdrops of ORDINALS•RUNE but also BEVM tokens.
Currently, the Visionary Builders program is open for applications. Interested project teams can complete the form in the Ecosystem section of the BEVM website or apply directly through this link:
BEVM Visionary Builders Application Form
The application process for the Visionary Builders program includes:
Completion of the application form by project teams.
Projects passing the review will be listed on the “BVB” section of the BEVM website, where teams can invite community members to vote.
After the first month, BEVM will distribute ORDINALS•RUNE assets and $60 million worth of tokens based on the community ECO score ranking.
Starting from the second month, BEVM will announce the first group of BVB winners, with voting scores accumulating over time.
Distribution of Rewards
BEVM will allocate $60 million worth of assets to reward ecosystem projects and voting users participating in the BVB program. The actual value of the rewards will increase as BEVM progresses. The distribution plan is as follows:
30% for airdrops to on-chain voters
70% to incentivize outstanding ecosystem projects and their users
Overall, airdrop rewards will be distributed based on the proportion of ECO scores held by on-chain voting users. This means that users with higher voting scores will receive more token rewards. ECO scores can be earned through three methods:
1. Genesis Box
The Genesis Box (GBX) is an early-stage BEVM ecosystem asset that rewards users who supported the project during the mainnet launch. Opening the Genesis Box can randomly earn users between 500 and 1,500 ECO scores based on their on-chain activity, but the Genesis Box will be used up upon opening.
2. Inviting Users
Users who enter the voting page using an invitation code (the invitee) will receive a 5% score boost. For each vote cast by the invitee, the inviter will earn 5% of the score.
3. Voting
After earning scores, users can vote for their favorite protocols on the voting page. Each vote earns 100 scores, and there will be a leaderboard displaying the results.
On a monthly basis, BEVM will announce the ecosystem projects that have earned the “Visionary Builders” title and implement the corresponding incentive plan. This transparent and equitable reward system ensures that all participants are appropriately rewarded for their efforts.
BEVM Visionary Builders: Powering the Bitcoin Ecosystem
The BVB program serves as a means to energize the ecosystem and is a strategic move by BEVM to enhance the prosperity and growth of its ecosystem. This program holds significant value, providing new opportunities for BEVM and valuable insights for the entire cryptocurrency industry.
In the cryptocurrency sector, factors such as technological innovation, market potential, and community engagement are pivotal in determining a project’s success. By employing a multi-dimensional evaluation and on-chain community voting approach, BEVM can identify and support projects with great potential while also encouraging community involvement. Through market potential assessment, BEVM can pinpoint projects that have the capability to reshape the industry landscape and drive ecosystem prosperity.
BEVM is investing $60 million worth of assets in this program, a substantial reward rarely seen in the industry. By introducing on-chain voting and multi-dimensional evaluation mechanisms, BEVM ensures that every project and user receives rewards proportionate to their contributions.
Incorporating a community voting mechanism makes BEVM’s governance more decentralized and democratic. Decentralized governance is crucial in enhancing project transparency and credibility in the cryptocurrency industry. Community users play a direct role in project selection through voting, increasing their sense of involvement while ensuring fairness and transparency.
Through the BVB program, BEVM will offer comprehensive technical support to selected projects, assisting them in overcoming technical challenges and enhancing their capabilities. Additionally, BEVM will utilize various marketing strategies to boost the visibility and impact of the selected projects. Furthermore, BEVM will collaborate with investment institutions such as Bitmain, Waterdrip Capital, Satoshi Labs, and exchanges to establish an acceleration fund focused on the BEVM ecosystem, investing in exceptional projects within the ecosystem.
About The Visionary Builders Program
The launch of the BEVM Visionary Builders program showcases BEVM’s commitment to building a thriving ecosystem. As the program advances, BEVM aims to attract more exceptional projects and users to join its ecosystem, further fostering its prosperity and injecting new vitality into the expansion and application of the Bitcoin Layer 2 network.
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