BNB Chain Revamps $100M Program to Boost Project Growth
The post BNB Chain Revamps $100M Program to Boost Project Growth appeared on BitcoinEthereumNews.com.
BNB Chain upgrades $100 million program to improve metrics and support project growth. Top 10 EOAs must hold ≤10% of the total supply, with tokens locked or released in stages. BNB Chain invests $100K in qualified projects, ensuring transparency and fairness. BNB Chain has revealed an expansion of its $100M incentive program after a three-week pilot phase. The initial analysis of the program’s outcomes revealed that the improvement was not as significant as the investigators had expected. Therefore, the BNB Chain has developed an innovative token acquisition strategy to improve its fundamental metrics and support for the preferred projects. This update is expected to increase platform usage in order to meet the intended goal. BNB Chain’s $100M Incentive Program Gets an Upgrade! ⬆️After a 3-week pilot, feedback showed the current program wasn’t effective. Now, BNB Chain is testing a new direct token acquisition method to improve the program metrics. Here’s what you need to know: 🧵👇 pic.twitter.com/kqNqB22mVn — BNB Chain (@BNBCHAIN) April 18, 2025 Program Categories and Eligibility Criteria The new program caters to two primary classes of assets: trading-based assets and TVL-based assets. To meet the on-chain data requirements, a trading-driven asset must have a market cap of at least $1 million, 300 or more daily active traders, and more than $200,000 in daily volume. TVL-driven assets must have a total value locked (TVL) exceeding $20 million. Related: How BNB Chain’s AI Hack is Revolutionizing Web3 Innovation and DeFi Projects In terms of security requests, the project has to ensure that the Top 10 external addresses (EOAs) have no more than 10% of the total token supply. These rules exclude large-scale custody wallets and those affiliated with known Binance figures, such as CZ. Tokens should be locked or released progressively over the specified period, rather than being frozen or…
Filed under: News - @ April 18, 2025 9:26 pm