In collaboration with our partners, we provide many attractive incentives and rewards to projects BUIDLing on the Binance Smart Chain. One of them is Binance’s monthly BUIDL Reward Program where they refund eligible projects for their transaction fees, helping them minimize their operating expenses and allowing them to spend the funds on development and making the product more attractive and usable. This program is part of the $100 million DeFi accelerator fund and up to $5 million worth of BNB will be paid back to developers in proportion to the gas used for their contracts via the BUIDL Rewards.
This month was frugal with 49 eligible projects that received rewards over the past month. The total rewards for June reached 1,765.4 BNB, which equals about $550k USD. To see the full distribution, go to the end of this article.
All rewards for June were distributed and should be visible in the recipient’s wallet.
Initially, the program was set to end on June 30, 2021, but due to the increasing interest and high performance of the eligible projects, Binance.com decided to continue with the program. From June 2021, Binance will keep rewarding the qualified developers in a similar way with equivalent to 3% of gas paid by triggering the registered contracts
The creator of the contract should specify the contract address and the receiving address for the rewards. The address to receive the reward must be an EOA address. You should also provide a valid website or platform URL. If you want to learn how to register your projects for the BUIDL program, click here.
A developer leaderboard for all projects registered for the BUIDL Rewards Program is available at binance.org/en/leaderboard. All participants can query their smart contract’s gas usage for previous months here. In a previous blog, we explained how developers can use the GraphQL API of Bitquery.io to query their real-time total gas fee. This table displays both the total amount of gas fees and gas fees for this month.