BulbaSwap has introduced the Meme Liquidity Subsidy Program to strengthen the Morph Chain ecosystem and support promising meme projects. This initiative aims to provide liquidity support and growth incentives for emerging meme tokens, fostering innovation and community engagement.
Big news for the meme creator! @BulbaSwap launches the Meme Liquidity Subsidy Program to boost @MorphL2 meme eco!
With a reward of 10-15 $ETH we offer:
🔹 Liquidity support (up to 1 ETH/project)
🔹 Prize Milestone Bonuses (up to 0.8 ETH)
🔹 Incentives for growth:… pic.twitter.com/ejdx39GJVv— BulbaSwap (@BulbaSwap) December 7, 2024
The program versus total allocation is between 10 and 15 $ETH to provide a tier-based approach depending on project performance meeting the stated goal. Expected incentives include performance and premium rewards depending on participants’ performance in specific TVLs or engagement records among users and transactions.
BulbaSwap offers tier-based incentives for meme token growth
The program features three tiers: Diamond, Gold and Silver, with different levels of support based on performance benchmarks. Diamond Tier offers up to 1 $ETH in liquidity support for projects reaching $50,000 in TVL, 500 unique token holders and 1,000 transactions.
Social engagement requirements include an active Twitter presence with key influencers and a verified community of at least 2,000 members. Performance bonuses range from 0.2 $ETH for tripling the price of the token to 0.8 $ETH for a tenfold increase.
Gold Tier offers up to 0.5 $ETH for projects with $20,000 in TVL, 250 token holders and 500 transactions. Community requirements include a smaller verified group of 1,000 members and moderate social involvement. Bonuses are offered for price milestones, with a maximum of 0.5 $ETH for a tenfold price increase.
Silver Tier offers up to 0.1 $ETH of liquidity support for projects with $10,000 of locked liquidity, 100 unique token holders and 200 transactions. Basic social media engagement with 500 verified members and 2,000 interactions is required. Bonus rewards for achieving a 10x price increase can be as high as 0.2 $ETH.
Criteria and evaluation
To qualify for rewards, projects must maintain specified metrics for a minimum of ten days. The liquidity committed to meme token trading pairs must contain 50% USDT or $ETH liquidity. The transactions counted include token swaps and liquidity adjustments. Social media metrics, such as verified Twitter and Telegram engagement, are also evaluated.
This initiative underlines BulbaSwap’s commitment to promoting innovation and growth within Morph Chain. The program aims to increase liquidity depth, drive community engagement, and increase the long-term value of the ecosystem by incentivizing promising meme projects.