Announces chain upgrades to $ 100 million

BnBChain is upgrading its 100 million incentive program to obtain direct token acquisitions.

According to an updateChange of access Following feedback on ecosystems that showed the initial liquidity program for memecoins, decentralized finances, artificial intelligence and tokens for games between other projects BNB chain was not as effective as expected.

BNB chain Initially announced The $ 100 million program is directed to encourage centralized exchange to cheer the Native BNB chain tokens in March 2024. Years.

The goal was to strengthen liquidity on the chain and secure market foundations, with projects for earning the input award in a complex approach. The superior exchange is included StageCoinbase, Upbit, while the level two and three consisted of Kraken, Besibit, OCCS and Bitget, Mexc, Gate.IO, Kukoin, Cripto.com. Rewards ranged from $ 10,000 to $ 500K.

According to the BNB chain, feedback after a three-week pilot showed that this model does not work, which is what has requested a change. Instead of incentives aimed at lists, the BNB chain now plans to support high projects with direct investment.

Projects with market caps of over a million dollars and an average daily active traders of more than 300 or total value locked from $ 20 million can enter a “qualified pool”. Other metrics, including safety, will be applied, with selected projects that see the BNB chain foundation purchase tokens worth $ 100,000.

“The BNB Chain Foundation also maintains flexibility to decide when to buy tokens and how to deal with the purchased tokens,” the platform wrote.

With this initiative eyes, tokens that qualify as 100% born gender chain, with this label extended to those who have successfully migrated from other chains. Blockcain has seen the inflow of new projects as activities of broad development programs through DEFs, AI, Web3 Gaming and Memes.

Some of these new bootables include infra Project KUEK TECH, a decision to pay Cripto use, AI-Web3 Launchpad BNB4.AI and Market.Vin, Oracle Market prediction of Oracle data.