BNB chain announces an upgrade to a $ 100 million stimulating program

BNBCHAIN ​​upgrades its $ 100 million stimulating program to display a direct action acquisition.

According to An updateThe change in access follows the feedback on the ecosystem that has shown the initial liquidity program for memecoins, decentralized finances, artificial intelligence and toy tokens, among other projects on the BNB chain, they were not as effective as expected.

BNB Chain initially announced a $ 100 million program with the aim of stimulating centralized exchanges on the list of original BNB chain tokens in March 2024.

The aim was to strengthen the liquidity on the chain and strengthen the basis on the market, and projects earn awards for CEXS list in a complex approach. Best exchanges were included by binans, coinbase, upbit, while two and three consisted of Kraken, Bybit, Okx -Ai Bitgeta, Mexc, Gate.io, Kucoin, Crypto.com. The awards ranged from 10k to $ 500,000.

According to the BNB chain, the feedback after the three -week pilot showed that this model did not work, which prompted the change. Instead of incentives intended for lists, the BNB chain now plans to support high performance with direct investment projects.

Projects with a market limit of more than $ 1 million and average daily active merchants greater than 300 or the total value locked in the amount of $ 20 million can enter the “qualified pool”. Other measuring data, including security, will apply, with selected projects to buy BNB Chain Foundation $ 100,000.

“The BNB Chain Foundation also holds flexibility to decide when to buy tokens and how to treat the boughts purchased,” the platform wrote.

This eye initiative qualifying as a 100% BNB chain, with this mark spread to those who successfully migrated from other chains. Blockchain has seen the appeal of new projects such as the activities of developers throughout the De meals, AI, web3 games and memory.

Some of these new launches include Infra Project Quex Tech, Crypto Payment Use, Web3 Launchpad BNB4.AI and Market.win, Oracle Predictions to Data Predictions.