The post BNB Chain Enhances $100M Incentive Program to Boost Token Acquisition appeared on BitcoinEthereumNews.com.

Felix Pinkston May 13, 2025 03:26 BNB Chain upgrades its $100M incentive program with a new token acquisition strategy to enhance blockchain projects. Discover the program’s criteria and security requirements. BNB Chain has announced an upgrade to its $100 million incentive program, aimed at enhancing blockchain projects through a novel token acquisition strategy. This move comes after feedback from a three-week pilot phase indicated inefficiencies in the current program, according to the BNB Chain blog. Program Criteria and Security Measures The enhanced program will target projects categorized under ‘Trading Driven Assets’ and ‘TVL Driven Assets’. To qualify, projects must meet specific on-chain data requirements, such as a market cap of at least $1 million, an average of over 300 daily active traders, and a daily trading volume exceeding $200,000. Additionally, the growth of the protocol’s Total Value Locked (TVL) will be evaluated. Security measures are stringent. The distribution of tokens must ensure that the top 10 external accounts hold no more than 10% of the total supply, excluding centralized exchange wallets. Projects are urged to lock or release tokens in stages. Moreover, compliance with on-chain security requirements is mandatory, necessitating a verified token contract on BscScan or a security audit. Investment and Purchase Flexibility The BNB Chain Foundation plans to invest at least $100,000 in assets for projects selected from the qualified pool. The foundation retains the discretion to decide the timing and handling of token purchases. Upon completion of each purchase, announcements will be made on BNB Chain’s X (Twitter) account. The program encourages the use of 100% BNB Chain native tokens, whether existing, new, or fully transferred from other chains. Market cap, active traders, and trading volume are key metrics defining eligibility. Projects can check their qualification based on the outlined on-chain data and security requests. Program Flexibility…

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Filed under: News - @ May 13, 2025 5:26 am