Chainwire, Hong Kong, China, June 7, 2024
BEVM recently announced a new incentive program, BEVM Visionary Builders (BVB), after partnering with Binance Wallet for an airdrop event.
Introduction to BEVM Vision Builder
The “Visionary Builders” ecosystem incentive program launched by BEVM aims to promote the development of 17 tracks, including DEX, lending, stablecoins, etc. Through community engagement and multidimensional evaluation, the program will reward outstanding projects and users with a total of $60 million in rewards.
The program also introduces an on-chain community voting mechanism. Participating project teams can demonstrate their active user base through on-chain voting, an important dimension for project evaluation. Users who participate in on-chain voting will receive BEVM tokens as well as ORDINALS•RUNE airdrops.
The Visionary Builders program is now open for applications. Interested project teams can apply by filling out the form in the Ecosystem section of the BEVM website or directly through the following link: BEVM Visionary Builders Application Form
The application process for the Visionary Builders program is as follows:
- The project team completes the application.
- If it passes review, the project will be listed in the “BVB” section of the BEVM website and 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 community ECO score rankings.
- Starting in the second month, BEVM will announce its first BVB winner as voting scores continue to accumulate.
Reward Distribution
BEVM will provide $60 million worth of assets to reward voting users who participate in ecosystem projects and BVB programs. The actual value of the rewards will “rise with the tide” as BEVM evolves. Deployment is planned as follows:
- 30% airdrop to on-chain voters
- 70% provide incentives to outstanding ecosystem projects and users.
Overall, airdrop rewards are distributed according to the percentage of ECO points held by on-chain voting users. This means that the higher a user’s voting score, the more token rewards they will receive. ECO points can be earned in three ways:
1. Genesis Box
Genesis Box (GBX) is an early-stage BEVM ecosystem asset used to reward users who supported the project during its mainnet launch. Holders can open Genesis Boxes to earn 500 to 1,500 ECO points randomly depending on on-chain activity, but Genesis Boxes are consumed upon opening.
2. Invite users
Users (invitees) who enter the voting page using the invitation code will receive a 5% score boost. Each time an invitee votes, the inviter gets 5% of the score.
3. Voting
After scoring, users can vote for their preferred protocol on the voting page. Each vote is worth 100 points and there is a corresponding leaderboard.
Every month, BEVM regularly announces ecosystem projects that have achieved the “Visionary Builders” title and implements corresponding incentive plans. This transparent and fair reward mechanism ensures that all participants are rewarded based on their efforts.
BEVM Visionary Builders: The Engine of the Bitcoin Ecosystem
The BVB program is not only an activity to revitalize the ecosystem, but also a strategic move by BEVM to promote the prosperity and development of the ecosystem. This program is significant as it not only provides new opportunities for BEVM, but also provides valuable insights to the entire cryptocurrency industry.
In the cryptocurrency industry, technological innovation, market potential, and community participation are important factors that determine the success of a project. By leveraging multidimensional evaluation and on-chain community voting, BEVM can not only discover and support projects with the greatest potential, but also mobilize community participation. Assessing market potential allows BEVM to identify projects that have the potential to reshape the industry landscape and drive the prosperity of the entire ecosystem.
Current estimates indicate that BEVM is investing $60 million worth of assets in the program, a huge return rarely seen in the industry. By introducing on-chain voting and multi-dimensional evaluation mechanisms, BEVM ensures that all projects and users receive rewards commensurate with their contributions.
Incorporating a community voting mechanism further decentralizes and democratizes the governance of BEVM. In the cryptocurrency industry, decentralized governance is key to increasing project transparency and trust. Community users directly participate in project selection through voting, which not only increases participation awareness but also ensures fairness and transparency.
Under the BVB program, BEVM provides comprehensive technical support to selected projects, helping them address technical challenges and improve technical capabilities. BEVM will also utilize a variety of marketing strategies to increase the visibility and impact of your selected project. Additionally, BEVM will cooperate with investment institutions such as Bitmain, Waterdrip Capital, Satoshi Labs, and exchanges to create an acceleration fund centered on the BEVM ecosystem and invest in excellent projects within the ecosystem.
Introduction to the Vision Builder Program
The launch of the BEVM Visionary Builders program demonstrates BEVM’s determination to build a thriving ecosystem. As the program progresses, BEVM is poised to welcome more outstanding projects and users into the ecosystem, further driving prosperity and revitalizing the expansion and adoption of the Bitcoin Layer 2 network.
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