Join BNB Chain TVL Incentive and win rewards up to $160,000

Sure, please provide me with the information you’d like to include for registration in the BNB Chain TVL Incentive Phase 2 program. This typically includes details about the project, its goals, team members, tokenomics, and any other relevant information for participation in the program. Once you provide the details, I can assist you in drafting the registration information.

o be eligible for participation in the BNB Chain TVL Incentive Phase 2, projects must meet the following criteria:

1. Projects must have been deployed on the BSC mainnet since January 1, 2023.
2. Completed at least one security audit.
3. Projects must complete the registration form within the specified registration period to be considered.

Key Timeline Milestones:

• Application Epoch: 2024.03.05 – 2024.03.14 at 23:59 UTC
• Competition Epoch: 2024.03.15 at 00:00 – 2024.04.14 at 23:59 UTC

Reward Allocation:

The top 5 projects with the highest incremental Total Value Locked (TVL) during each event period will be awarded prizes from a total prize pool of up to $160,000. The formula for prize allocation is as follows:

Prize = $160,000 \times \left( \frac{Total TVL Increment}{\$40M} \right)

Note: Projects must register during the registration period to participate in this program.

The baseline TVL is calculated based on the average daily TVL for the 30 consecutive days leading up to the event announcement date.

Project’s average daily TVL for the last 7 consecutive days of the event epoch−Baseline TVLIncrementalTVLperproject=Project’s average daily TVL for the last 7 consecutive days of the event epoch−Baseline TVL

Reward Pool Distribution:

At the end of each epoch, the distribution will be based on TVL increase rankings, with participants receiving a share proportional to their standing in the competition.

• 1st Prize: 50% of the total prize pool
• 2nd Prize: 30% of the total prize pool
• 3rd Prize: 10% of the total prize pool
• 4th Prize: 6% of the total prize pool
• 5th Prize: 4% of the total prize pool

The total prize pool for each epoch varies depending on the final amount of the total TVL increase during the epoch.