BNB Chain launches the second phase of its ecosystem support initiative with a $4.4M budget, now open to all BNB Smart Chain sectors.
Program Expansion Beyond Memecoins
Unlike the first phase, which focused on memecoins, the new initiative allows projects from all BNB Smart Chain sectors to apply. According to the official statement, the program aims to enhance BSC's native assets by rewarding top-performing projects. The program involves providing permanent, non-withdrawable liquidity for the winners.
Entry Requirements and Competition Structure
The second phase introduces a two-zone competition structure: 'Burst Zone' for projects with market caps below $20M and 'Mature Zone' for larger ones. Each zone will select winners daily for a week. Additionally, weekly competitions offer larger rewards. Participants need to prove their activity by meeting stringent criteria, including minimum market cap and trading volume. Binance-pegged tokens and stablecoins are excluded.
Strategic Impact of Permanent Liquidity
A key feature of this program is its permanent nature: once deployed, liquidity cannot be withdrawn, creating sustainable infrastructure. This addresses a core DeFi challenge: liquidity sustainability. The program focuses on active markets, inhibiting manipulation attempts.
BNB Chain seeks to bolster its ecosystem by expanding its support program for all-sector projects, providing them with sustainable liquidity. Follow the BNB Chain's official channels for updates.
