The BNB Chain, a community-driven blockchain ecosystem committed to supporting Web3 development, has distributed $2.3 million in the first batch of its $100 million Liquidity Incentive Program. The program rewarded projects that successfully launched on multiple centralized exchanges (CEXs), aiming to increase liquidity and stability within the crypto market. Following a rigorous review process, five projects have now received their allocated funds.
The program incentivizes early token listings by providing liquidity support in wBNB in controlled batches. This method minimizes market fluctuations and volatility. The first batch recipients included Mubarak ($MUBARAK), Tutorial ($TUT), Banana For Scale ($BANANAS31), KiloEx ($KILO), and $BROCCOLI (714). Details regarding the distribution are available on their respective transaction pages.
The program remains active with a second round underway. A three-day community fraud review is currently in progress before liquidity disbursements occur. BNB Chain continues to support projects throughout their journey, from ideation to launch and beyond.
For more information and updates on the $100 million Liquidity Incentive Program, visit X or explore the program’s webpage.