The cryptocurrency space continues to evolve, and meme tokens have emerged as a significant entry point for new users into the Web3 world. Recognizing this trend, BNB Chain has launched a liquidity support program to strengthen the meme token ecosystem.
Program Structure and Rewards
The Memecoin Liquidity Program operates on two timelines: daily and weekly competitions. Daily competitions run from 12:00 PM to 11:59 AM UTC+0, with winners receiving up to $200,000 in liquidity. Rewards are distributed as 50% in BNB tokens and 50% in the winning project's tokens. The weekly competition offers more substantial rewards, with up to $500,000 for first place.
Eligibility Requirements and Selection Criteria
Projects must be natively launched on BSC through approved platforms and must meet several criteria such as a minimum market capitalization of $1 million and over 1,000 active holders. Projects are evaluated based on market capitalization, price increase, and trading volume.
Initial Results and Program Updates
The program's first daily winner is $BROCCOLI, securing $200,000 in support. From Day 2, trading volume calculations will include all valid meme coin pools across PancakeSwap V2 and V3.
The BNB Chain Meme Liquidity Program aims to create a stable and attractive environment for both developers and users. Its success may set a new standard for supporting growing token categories.
