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Learn about the great support BNB Chain has given Mr. Lightspeed and why that has been crucial to building on the world’s most active chain.
Introduction
This article aims to help new project founders and developers find their way on the BNB Chain as well as help those more experienced learn a new thing or two. As a project CEO, I have experienced many difficulties over the course of 2022 with many lessons learned along the way in leading a project: the good, the bad, and the ugly. However, engagement with the BNB Chain team, resources, and opportunities provided to the community are among the top reasons why I stay and build on the BNB Chain.
Community Engagement
Community Engagement is Mission #1 in the world of crypto and it is no different for those supporting BNB Chain. My first time engaging with the BNB Chain team was at Consensus in June of 2022 located in Austin, Texas. If you have ever never gone to a large conference, add this one to your bucket list!
This event was the point in my journey as a project CEO where I learned there is a divide between Binance as an exchange and building on BNB Chain as the blockchain. While I engaged the Binance exchange team to help answer questions related to my application as an institutional investor, my eyes were opened to the vast possibilities of building on this blockchain. Why? There was a large presence of BNB Chain Martians and Community Managers available to answer questions and get me pointed in the right direction as I looked to scale up my own project.
The first thing I learned at the conference is that there are some key resources, grants, incentives, and support systems available to builders. Some are free and some that you must compete to earn. There were thousands of conference attendees to share in this newfound knowledge and I had the chance to meet other founders to share lessons learned.
BNB Chain Developer Program
The BNB Chain Developer Program is very robust and aimed to drive innovation and adoption of Web3. Many of the opportunities are even chain agnostic. Some programs include a growth incentive program, a builder grant program, a BNB Chain Kickstart program, advisory support programs, a game Jam (brand new!), and trailblazer programs for the best of the best.
Growth Incentives
There are several growth incentives programs, but two I wish to highlight are the Gas Fee Incentive Program and the Innovation Pitch Days.
Gas Fee Incentive Program
The BNB Chain Developer Program awards growth incentives to builders and Web3 projects who contribute to the BNB Chain ecosystem. The first opportunity I discovered was the BNB Chain Growth Incentive and is where I started my journey as a founder. Over $10M has been set aside for this program to help projects with user acquisition and growth. There is a simple application form that is filled. You can find the form here. There is a four-step process involved and if you are committed to growing your project and reporting progress then this is a great way to get started. Those steps are:
- Step 1 Application: This marks the initial application phase where projects and teams apply to initiate the evaluation process.
- Step 2 Evaluation: Relevant applications undergo a thorough evaluation. Upon completion of the application, an assessment process takes place where the BNB Chain team does their due diligence in evaluating the entire project.
- Step 3 Decision: Applicants that have fulfilled the evaluation criteria will be notified, and the BNB Chain team will collaborate with you diligently to ensure you put in place effective and useful growth targets.
Another opportunity to foster growth is Innovation Incubators that are done throughout the world. Most recently, BNB Chain led the European Innovation Incubator.
Innovation Pitch Days
This was a big opportunity and BNB Chain chose my project, Puli Token, to attend along with about seventy other amazing projects in what I can only best describe as speed dating rounds! Each team had 5 minutes to present in front of a judging panel as well as a large audience of Venture Capitalists (VCs) and interested investors. The judging panel awarded some small prizes at the end to the top teams, but every team got amazing exposure and tremendous feedback plus an opportunity to gain experience and grow. I also had an opportunity to receive additional mentorship for a couple of weeks after the event via 1 to 1 video calls with BNB Chain leaders. Keep your eyes out for the next Innovation Pitch Day in your area.
Besides the growth incentives mentioned abo
