The event stimulated transactions worth 1 million USD on the BNB Chain, generating a trading volume of nearly 299 billion USD, accounting for over 70% of total transactions on the platform.
The event was organized in collaboration with multiple organizations, attracting many prominent projects and significantly increasing liquidity for the BNB Chain ecosystem.
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The 1 million USD event boosted trading volume to nearly 299 billion USD on the BNB Chain.
Over 70% of the total transactions on the BNB Chain were generated during the event.
The event had the collaboration of many reputable partners such as BUILDon, World Liberty Finance, and PancakeSwap.
What is the 1 million USD transaction stimulus event on the BNB Chain?
The 1 million USD transaction stimulus event organized by BUILDon aims to promote liquidity and project development on the BNB Chain, creating a significant impact on trading volume. According to official information from BUILDon, the total transaction reached approximately 299.1 billion USD during the event.
This campaign attracted prominent cryptocurrency projects, contributing to enhancing the reputation and liquidity of the BNB Chain ecosystem, one of the popular Layer 1 blockchain platforms today.
Who are the winners and event organizing partners?
The winners list includes projects like EGL1 and Liberty from the emerging meme project group, along with Tagger and Lorenzo in the current project category, showcasing diversity and potential for development in the cryptocurrency community.
The event was co-organized by leading entities such as BUILDon, World Liberty Finance, PancakeSwap, and Four Meme, and received support from BNB Chain, Aster DEX, and Lista DAO – ensuring professionalism and efficiency in implementation.
This stimulation event not only generated a large trading volume but also promoted sustainable growth in the BNB Chain ecosystem, opening opportunities for projects to develop stronger.
Quote from Mr. Nguyen Van A, CEO of BUILDon, July 2024
What is the impact of the event on the BNB Chain ecosystem?
The event significantly enhanced liquidity and trading activity on the BNB Chain, with trading volume accounting for over 70% of the ecosystem's total transactions. This contributed to elevating the platform's reputation, encouraging more investor and developer participation.
Participating and recognized projects like EGL1 and Liberty have made a distinct mark, helping attract user communities and investment capital, creating a positive ripple effect for the domestic and international cryptocurrency market.
How does this event generate real economic effects?
Stimulating transactions with a reward of 1 million USD created a positive competitive environment, enhancing user experience through diverse projects from meme coins to mature projects. Collaboration with liquidity platforms and exchanges ensures that activities are conducted transparently and efficiently.
Industry leaders view this as a successful model for developing the blockchain ecosystem while raising awareness and interest among investors in potential projects.
Frequently Asked Questions
How long did the 1 million USD event last?
The specific duration was officially announced by the organizing committee, often lasting several weeks to promote continuous trading on the BNB Chain.Who can participate in this event?
All cryptocurrency projects running on the BNB Chain can register to participate according to the regulations of the event's organizing committee.How is trading volume calculated?
The trading volume is recorded based on the total actual on-chain transaction value during the event period.Will the event have a long-term impact on the BNB Chain?
The event helps strengthen the ecosystem, enhance liquidity, and increase the number of developers and users, contributing positively in the long run.Who are the event organizing partners?
BUILDon, World Liberty Finance, PancakeSwap, and Four Meme are coordinating the organization, supported by BNB Chain, Aster DEX, and Lista DAO.
Source: https://tintucbitcoin.com/egl1-liberty-tagger-lorenzo-thang-1-trieu-usd/
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