BNBChain features upgrades its $100 million incentive program to acquire direct tokens.
According to the update, the change in approach follows ecosystem feedback, which demonstrated initial liquidity programs for memokine, distributed finance, artificial intelligence and gaming tokens, among other projects in the BNB chain.
BNB Chain first announced its $100 million program in March 2024, aimed to encourage centralized exchanges to list native BNB chain tokens.
The goal is to strengthen on-chain liquidity and solidify the market foundation, with the project earning CEXS list rewards with a tiered approach. The top exchange included Binance, Coinbase and Upbit, with tiers 2 and 3 consisting of Kraken, Bybit, okx, Mexc, gate.io, Kucoin and crypto.com, respectively. Remuneration ranged from $10,000 to up to $500,000.
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Feedback after a three-week pilot showed that the model was not working was what prompted the change, according to the BNB chain. The BNB chain will support high-performance projects through direct investment rather than targeted incentives through listings.
A total value of projects with market capitalization exceeding $1 million and an average daily active trader of over 300 or $20 million can enter a “qualified pool.” Other metrics, including security, are being applied and we are watching the selected projects purchase the BNB Chain Foundation tokens worth $100,000.
“The BNB Chain Foundation also retains the flexibility to decide when to buy tokens and how to process purchased tokens,” the platform writes.
The initiative has a token that is certified as 100% BNB chain native, and this tag has been extended to something that has successfully migrated from other chains. New projects are flowing in blockchain as developer activity surges across Defi, AI, Web3 games and memes.
These new launches include Infra Project Quex Tech, Payments Solution Crypto, AI-powered Web3 LaunchPad Bnb4.ai, Market.Win, Oracle> You might like it too: Interview: BNB Chain Hosting Trump-related USD1 Stablecoin
