In a bid to foster growth in the meme token ecosystem, BNB Chain has launched a comprehensive liquidity program. This initiative offers up to $4.4 million in support for eligible projects, aiming to bolster the stability and accessibility of meme tokens on the BNB Chain network. The program encompasses two distinct tracks: daily and weekly competitions, each offering substantial rewards to qualifying projects that meet specific criteria.
The Daily Competition provides a daily reward of up to $200,000 for winning projects, with funds allocated as matched liquidity (50% in BNB tokens and 50% in the winner’s own token). This ensures lasting support for project liquidity pools. The Weekly Competition offers an even larger prize pool, with winners receiving rewards ranging from $400,000 to $200,000. Eligibility requirements include specific technical and market benchmarks, ensuring legitimacy and sustainability of participating projects.
To select successful projects, the program utilizes a weighted scoring system based on Market Capitalization, Price Increase, and Trading Volume. This approach allows for fair assessment and provides a clear ranking system, where trading volume serves as a tiebreaker in cases of identical scores.
BNB Chain’s commitment to its meme token ecosystem is evident through this program. Beyond immediate rewards, the program aims to cultivate long-term development by ensuring permanent liquidity for winners’ projects. This fosters a more stable and attractive environment for both developers and users of these tokens.