BNB Chain has announced the second phase of its liquidity support program with a $4.4 million fund aimed at projects on BNB Smart Chain.
Program Expands Beyond Memecoins
In its second phase, BNB Chain will accept applications from projects across all sectors on the BNB Smart Chain, lifting previous restrictions limiting participation to memecoins. This initiative is designed to support native assets on the platform and provide lasting stability to selected assets. This move indicates a broader strategy to strengthen the ecosystem through sustainable liquidity support.
Fair Competition Structure Ensures Balance
The second round introduces a two-zone competition system based on market capitalization: the 'Burst Zone' for projects with less than $20 million market cap and the 'Mature Zone' for larger projects. Each zone will select one daily winner over seven days. This structure creates a level playing field, preventing smaller, promising projects from direct competition with established players.
Entry Requirements and Scoring System
To qualify, projects must be launched on BNB Chain after January 1, 2024, and maintain a market cap of at least $50,000. Winners must meet stricter conditions, including a minimum $1 million market cap and active token holders ranging from 2,000 to 5,000 for daily and weekly winners, respectively. The scoring system emphasizes trading activity, market capitalization, and price growth, reducing the likelihood of market manipulation.
Permanent liquidity support offers significant advantages for projects aiming for long-term stability and provides new opportunities for BNB Chain's ecosystem growth.
