BNB Chain Allocates $4.4M to Boost Top Memecoins
Iris Coleman Feb 21, 2025 08:21
BNB Chain initiates a $4.4 million Liquidity Support Program to enhance top memecoins within its ecosystem, offering daily and weekly rewards.
In a move to bolster the presence of memecoins within its ecosystem, BNB Chain has announced the launch of a $4.4 million Liquidity Support Program. This initiative, which began on February 18, 2025, aims to provide significant liquidity to top-performing memecoins on the BNB Chain, according to the BNB Chain blog.
Program Structure and Participation
The program is structured to support daily and weekly competitions among memecoins, with the BNB Chain Foundation directly adding BNB liquidity to the winning projects' pools. This liquidity is intended to remain in the pools permanently, enhancing stability and growth potential for the selected memecoins.
Eligible participants are memecoins that are natively launched on the Binance Smart Chain (BSC) and meet specific criteria. These include being listed on platforms such as Four.meme, Burve, Gra.Fun, PinkSale, and others. Additionally, memecoins must have been launched at least 48 hours before each competition round to qualify.
Competition Details
The competition is divided into daily and weekly segments, with specific benchmarks for winners. Daily competitions run from 12:00 PM to 11:59 AM UTC, while the weekly competition extends from February 18 to February 25. Memecoins are evaluated based on market capitalization, price increase, and trading volume, with specific weight ratios applied to each indicator.
For instance, the market cap accounts for 30% of the score, price increase for 20%, and trading volume for 50%. A lower score indicates a better ranking. The program aims to spotlight memecoins with a market cap of at least $1 million and active holders exceeding 1,000.
Rewards and Incentives
Daily winners can receive up to $200,000 in liquidity support, while weekly winners stand to gain significantly more, with rewards ranging from $200,000 to $500,000 based on their ranking. Notably, a memecoin can only win the daily competition once but remains eligible for the weekly competition.
Liquidity support involves adding both BNB and the memecoin to the most active liquidity pool, with no withdrawal planned, ensuring sustained support for the memecoins.
Security and Fair Play
To maintain integrity, BNB Chain has set stringent security measures. Projects must verify their token source code on BscScan or undergo a security audit. Additionally, the core team reserves the right to disqualify any memecoin involved in wash trading or other forms of market manipulation.
BNB Chain's initiative reflects a broader trend of blockchain ecosystems actively supporting innovative digital assets, fostering a competitive and growth-oriented environment for cryptocurrency projects.
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