BNB Chain has revamped its $100 million incentive program, introducing a direct token acquisition model to better support high-performing native projects.
This shift follows feedback from a three-week pilot phase, which indicated that the previous approach—centered on centralized exchange listings—was less effective in enhancing liquidity and ecosystem growth.
How Will The Changed Program Work?
The BNB Chain Foundation will buy native tokens from approved projects and make a direct investment of at least $100,000 under the new model.
A minimum of 300 daily active traders, a market capitalization of at least $1 million, and an average daily trading volume of more than $200,000 are requirements for eligible projects.
As an alternative, projects that have a total value locked (TVL) of more than $20 million are eligible.
Additionally, security precautions are prioritized; aside from centralized exchange wallets and wallets known to be affiliated with Binance, the top 10 externally owned accounts (EOAs) should contain no more than 10% of the entire token supply.
Projects also need to undergo a security assessment or validate their token contracts on BscScan.
Also Read: BNB Chain Rolls Out Lorentz Upgrade, Plans Maxwell Hard Fork to Cut Block Time to 0.75s
Will The Revamp Be Beneficial?
The objectives of this strategic update are to promote sustainable growth within the BNB Chain ecosystem, improve liquidity, and stimulate real on-chain activity.
BNB Chain’s official X (formerly Twitter) account will be used to openly disclose investments and program updates.
With the help of BNB Chain’s updated incentive program, promising initiatives that fulfill certain requirements can be eligible for direct investment. For a project to be considered for the “qualified pool,” it must have a market capitalization of at least $1 million, an average of more than 300 daily active traders, or a total value locked (TVL) of at least $20 million.
These standards aid in locating initiatives that have robust liquidity or high levels of community involvement.
Verified contracts or audits are examples of additional security measures that will be taken into account. The BNB Chain Foundation may buy $100,000 worth of tokens from projects that fit these requirements, providing immediate assistance to increase liquidity and promote expansion.
BNB Chain Imposes Strict Measures To Prevent Misuse
Strict guidelines have been established by the BNB Chain Foundation to ensure equity in its incentive scheme.
Participants will be disqualified if they are discovered to be involved in dishonest practices including self-trading, wash trading, employing illicit mass wallet addresses, or manipulating market activity.
Self-trading is the practice of buying and selling with the same entity in order to deceive others, whereas wash trading uses fictitious transactions to overstate activity.
Misconduct also includes the use of bulk wallets to mimic user behavior. By ensuring that only legitimately active and reliable projects receive program benefits, these steps contribute to maintaining the integrity and openness of the BNB Chain ecosystem.
Also Read: BNB Chain Teams Up with MEXC for Faster Listings and Enhanced Market Support