BNBChain Revamps $100 Million incentive Plan for Direct Token Investments
BNBChain is revamping its $100 million incentive programme. The new plan focuses on direct token acquisition rather of exchange listings. This shift comes after feedback showed the original liquidity program wasn’t as effective as hoped.
Launched in March 2024, the initial program aimed to boost on-chain liquidity. It offered rewards to centralized exchanges for listing BNB chain tokens. Though, a three-week pilot revealed this approach wasn’t working well.
Now, bnbchain will support high-performing projects directly. Projects with a market cap over $1 million,daily active traders exceeding 300,or total value locked of $20 million can join a “qualified pool.” The BNB Chain Foundation will then purchase $100,000 worth of tokens from selected projects.
Projects must be 100% BNB Chain native or have migrated successfully from other chains. This initiative supports growth in DeFi, AI, web3 gaming, and memes. notable new projects include Quex Tech, Crypto Use, BNB4.AI, and Market.Win.
BNBChain aims to strengthen its ecosystem with this new strategy. The foundation retains versatility in purchasing and handling tokens, ensuring a solid market foundation.
