Bnbchain Upgrade are $ 100 million stimulation program for direct token -acquisition.
According to an update, the change in the approach to ecosystem feedback that the initial liquidity program for memecoins, decentralized finances, artificial intelligence and gaming tokens showed, in addition to other projects on the BNB chain was not as effective as expected.
BNB chain initially announced the $ 100 million program that was aimed at stimulating centralized trade fairs to sum up Native BNB chain -Tokens in March 2024.
The aim was to strengthen the liquidity of the chain and to strengthen market foundations, with projects that earn rewards for mention on CEXS in a layered approach. Top exchanges include Binance, Coinbase, Upbit, while Tier Two and Three consisted of cracking, Bybit, OKX and Bitget, Mexc, Gate.io, Kucino, Crypto.com. Rewards varied from $ 10k to a maximum of $ 500K.
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According to the BNB chain, feedback showed after a pilot of three weeks that this model did not work, which led the change. Instead of the incentives aimed at through entries, the BNB chain now intends to support well-performing projects through direct investments.
Projects with a market capitalization of more than $ 1 million and average daily active traders of more than 300 or total value of $ 20 million can enter a “qualified pool”. Other statistics, including security, apply, with selected projects that see BNB Chain Foundation that buy $ 100,000 in tokens.
“BNB Chain Foundation also retains the flexibility to decide when to buy tokens and how to tackle the purchased tokens,” the platform wrote.
This Initiative Wigh Tokens that are eligible as 100% BNB chain Native, with this tag extensively to those that have successfully migrated from other chains. The blockchain has seen an influx of new projects as a developer activity about Defi, AI, Web3 gaming and memes.
Some of these new launches include Infra Project Quex Tech, Payments Solution Crypto Use, AI-driven Web3 Launchpad BNB4.AI and Market.win, An Oracle> Maybe you also like it: Interview: BNB chain in hosting Trump-Lied USD1 Stablecoin