BNBChain Enhances $100 Million Incentive Plan
BNBChain is revamping its $100 million incentive program. Teh new plan focuses on direct token purchases. This shift comes after feedback from the ecosystem.The original liquidity program for various projects, including memecoins and decentralized finance, didn’t perform as hoped.
Launched in March 2024,the initial program aimed to boost on-chain liquidity. It offered rewards for listing BNB Chain tokens on centralized exchanges. Tho, the results where underwhelming. Now, the foundation will directly buy tokens from high-performing projects.
Projects must meet specific criteria to qualify. They need a market cap over $1 million, daily active traders above 300, or a total value locked at $20 million. The old model, which rewarded listings on major exchanges, didn’t yield the desired results. The program targeted memecoins, DeFi, AI, and gaming tokens.
Under the new plan, BNB Chain will directly invest in qualifying projects. This change aims to better support the ecosystem. Projects must meet certain standards, like a market cap over $1 million and daily active traders above 300. The BNB chain Foundation will buy $100,000 worth of tokens from selected projects.
This initiative supports 100% BNB Chain native tokens, including those migrated from other chains. The blockchain has seen a surge in new projects. Notable launches include Quex Tech, Crypto Use, BNB4.AI, and Market.Win.
