The BNB Chain ecosystem, also known at that time as Binance Smart Chain, exploded strongly right after DeFi Summer on Ethereum, contributing significantly to that explosion by organizing Most Valuable Builder events. (MVB). So what is MVB? Which outstanding projects have won MVB over time?
What is MVB?
MVB is a program organized by BNB Chain and Binance Labs to find potential projects to provide financial support as well as development orientation for these projects. This program helps the BNB Chain ecosystem become more diverse and spread evenly across all segments, thereby attracting more people to join the network.
What Are the Benefits of MVB Parties?
For the project
- Be advised by the biggest names in the crypto market.
- Invested by Binance Labs, a top investment fund in the crypto market.
- Access and learn from other large projects.
For BNB Chain and Binance Labs
- Develop the ecosystem and attract more users.
- Investment opportunities in potential projects.
For users
- Use an ecosystem full of features of a miniature financial market.
- Opportunity to seek profits from MVB winning projects.
MVB I: Accelerator Program (April 2-4, 2021)
Program goals
The goal is to support the development of startup projects on BNB Chain that can bring innovation with funding packages up to $10,000 for projects that reach phase 2 and packages up to $100,000 for projects entering phase 3. Top projects will also receive a liquidity support package of up to $2M.
Program phases
- Registration period: Taking place from February 8-28, it is time for projects to register to participate in the program.
- State 1: Taking place from March 1-5, 20 projects will be selected that meet all conditions such as deploying products on BNB before February 28-January 2021.
- Phase 2: Taking place from March 8-19, select 10 projects from 20 projects in phase 1 in the DeFi, dApp or infrastructure segment with good community strength to award $10K as well as audit support from Certik.
- Stage 3: Taking place from April 12-13, it is time to choose the 5 best projects to support liquidity or investment based on TVL, number of daily users, community, audit results from Certik.
Winning projects
The 3 excellent projects that won MVB I are:
- Auto Farm
- Pancakebunny
- Beefy Finance
MVB II: The Big Bang Of NFTs (May-July 2021)
Program goals
After the great success of MVB I with 3 projects in the DeFi segment winning along with more than 650 projects applying for registration, MVB II was organized with the goal of focusing on NFT projects built on the ecosystem. Thai BNB Chain.
Program phases
- State 1: Taking place from May-June 2021 with the purpose of selecting the 20 best projects to deploy smart contracts on the BNB Chain network during this time.
- Phase 2: Taking place in July 2021, select 10 projects from 20 projects to enter phase 1 with criteria such as TVL, liquidity, daily active users and community size. Projects that reach this stage will also receive opportunities such as direct listing to Binance Innovation Zone or investment from Binance.
Winning projects
- NFTs: My DeFi Pet, Faraland, BunnyPark, Crypto Blades, X World Games.
- DeFi: Biswap, Apeswap, Alpaca Finance.
- The infrastructure: StreamingFast.
MVB III: Beyond The Big Bang (November 8-11, 2021)
Program goals
Similar to previously organized programs, MVB will be implemented through many stages when selecting the best projects to participate in the program using criteria such as performance, TVL, liquidity, and community support. ,..
Program phases
- Stage 1: Lasts for 3 months August-September-October to select Monthly Stars that complete at least one audit with good performance.
- Phase 2: Select outstanding projects from Monthly Stars to award prizes, audit support, receive Binance investment, and have the opportunity to list on Binance Innovation Zone.
Winning projects
- NFTs and GameFi: Radiocaca, Thetan Arena, Zoo Crypto World, Venly.
- DeFi: MCDEX, Deri Protocol, Qubit Finance.
- The infrastructure: Gelato, Biconomy, DeBank.
MVB IV: MetaFi – Smarter DeFi For The Web 3 Universe (April 1, 2022)
Program goals
Focusing on infrastructure solutions to connect Web 3 and Web 2, advanced pieces of the DeFi market and especially Metaverse, GameFi, SocialFi projects thereby supporting all of these projects with BNB Chain Fund worth $1B.
Program phases
- State 1: Register to participate directly or through the BNB Chain x DoraHacks event.
- Phase 2: Monthly Stars selection lasts from January to March 2022 based on achievements and does not limit the number of Monthly Stars selected,
- Stage 3: Select 3 MVB IV Top Player projects from the projects that won MVB Monthly Stars.
Winning projects
- Comsos Guild
- Star Sharks
- GAT Network
MVB V: Unexplored Territory (June-August 2022)
Program goals
MVB V was held for 2 months and selected 27 outstanding projects from more than 700 different applications. During this time, Binance also continuously supported the network and integration on BNB Chain.
7 projects invested in by Binance Labs
- SpaceID
- Overeality
- Multichain Event Protocol
- Meta Apes
- Velvet Capital
- Web3Go
- Gameta
MVB VI: Fit For Flight (November 2022-April 2023)
Program goals
This program helps projects develop users and products more naturally instead of having to support, invest or train. Every week, BNB Chain and Binance Labs will launch a rich and informative course to support project teams.
Program phases
- State 1: Register and enroll from November 2022 to January 2023.
- Phase 2: Deploying courses from February to April 2022.
- Stage 3: Demo and sponsor projects.
Winning projects
There are a total of 12 projects selected by BNB Chain in MVB VI:
- DeFi: Kinza Finance, EthosX, KiloEx, Hinkal Protocol, Cashmere.
- The infrastructure: AltLayer, ZKCross.
- dApp: Masa, xBank, Sparkle, Slise, HIM.
Summary
Above are the things you need to know to understand what MVB is. Hopefully through this article from Weakhand, people will find potential projects in the future.
