The BEVM Visionary Builders (BVB) program launched a 60 million ecosystem incentive program.

Hong Kong, China, June 7, 2024, Chainwire

BEVM recently announced a new incentive program, BEVM Visionary Builders (BVB), following its partnership with Binance wallet for the Weather event.

Introduction to BEVM visionary builders

The “Visionary Builders” ecosystem incentive program launched by BEVM aims to promote the development of 17 tracks, which include DEXs, lending, stablecoins and more. Through community engagement and multidisciplinary evaluation, the program awards a total of $60 million to outstanding projects and beneficiaries.

The program also introduces an on-chain community voting system. Participating project teams can demonstrate their user base enabled by Chain Voice, a critical metric for project evaluation. Users who participate in chain voting will not only receive ORDINALS•RUNE airdrops, but also BEVM tokens.

The Visionary Builders program is currently open for applications. Interested project teams can fill out 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 is as follows:

Project teams fill out the application form. After passing the review, projects are listed on the “BVB” section of the BEVM website, and teams can invite community members to vote. After the first month, BEVM will distribute ORDINAL•RUNE assets and $60 million worth of tokens based on the community's ECO Score rating. From the second month, BEVM announces the first BVB winners, voting results continue to accumulate.

Prize distribution

BEVM will provide assets worth $60 million to reward ecosystem projects and voting beneficiaries participating in the BVB program. As BEVM grows, the actual value of the rewards will “rise with the tide”. The distribution is planned as follows.

30% of airdrops to on-chain voters 70% to encourage advanced ecosystem projects and their users

In general, airdrop rewards are distributed based on the amount of Echo Scores that voting users have on the chain. In other words, the higher the user's voting score, the more token rewards they receive. ECO results can be obtained through the following three methods:

1. Genesis box

The Genesis Box (GBX) is a primary BEVM ecosystem asset used to reward users who supported the project during the mainnet launch. Holders can randomly open a Genesis Box to get between 500 and 1,500 ECO points depending on their chain activity, but the Genesis Box is consumed when opened.

2. Invite users

Users who enter the voting page using the invite code (invited) will get a 5% score boost. For each vote the invitee casts, the invitee gets 5% of the points.

3. Voting

After receiving results, users can vote for their favorite protocols on the voting page. Each vote earns 100 points, and there will be a corresponding leaderboard.

Every month, BEVM formally announces the ecosystem projects that have earned the title of “Vision Builders” and executes the corresponding incentive plan. This transparent and fair reward system ensures that each participant's efforts are rewarded accordingly.

BEVM Visionary Builders: The Bitcoin Ecosystem Engine

The BVB program is not only a movement to revitalize the ecosystem, but a strategic step by BEVM to promote the prosperity and development of the ecosystem. This program is of profound importance as it not only opens up new opportunities for BEVM but also provides important insights for the entire cryptocurrency industry.

In the cryptocurrency industry, technological innovation, market potential and community participation are critical factors in determining the success of a project. Through multi-dimensional evaluation and on-chain community voting, BEVM can not only find and support high-potential projects, but also mobilize community participation. Through market potential assessment, BEVM can identify projects that can reshape the industry landscape and promote overall ecosystem prosperity.

At its current estimate, BEVM is investing $60 million worth of assets in this program, an award rarely seen in the industry. By introducing on-chain voting and multi-dimensional evaluation methods, BEVM ensures that each project and user receives rewards commensurate with their contribution.

Incorporation of community voting mechanism will make the management of BEVM decentralized and democratic. In the cryptocurrency industry, decentralization is key to increasing project transparency and integrity. Community users are directly involved in project selection by voice, not only increasing their sense of participation, but also ensuring fairness and transparency.

In the BVB program, BEVM provides comprehensive technical support to the selected projects, helps them to solve technical problems and develop their technical skills. In addition, BEVM uses various marketing strategies to increase the visibility and impact of selected projects. In addition, BEVM has partnered with investment institutions such as Bitmain, Waterdrip Capital, Satoshi Labs and exchanges to establish an acceleration fund focused on the BEVM ecosystem to invest in outstanding projects in the ecosystem.

About the visionary builders program

The launch of the BEVM Visionary Builders Program demonstrates BEVM's commitment to building a thriving ecosystem. As the program progresses, BEVM will continue to attract more outstanding projects and users to join the ecosystem, further promoting its prosperity and injecting new life into the expansion and implementation of the Bitcoin Layer 2 network.

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