BNB Chain has concluded the first phase of its liquidity support program, which allocated $100 million to assist promising projects.
About the Liquidity Support Program
BNB Chain's liquidity support program aims to assist projects that have successfully launched and are available on centralized exchanges (CEX). It involves providing liquidity in wBNB, with disbursements made in controlled batches to minimize market impact and price volatility.
Supported Projects and Their Amounts
Currently, disbursements have been completed for five Batch 1 projects:
- **Mubarak** ($MUBARAK): $500,000. - **Tutorial** ($TUT): $500,000. - **Banana For Scale** ($BANANAS31): $510,000. - **$BROCCOLI** (714): $500,000, including $350,000 in liquidity. - **KiloEx** ($KILO): $290,000.
Future of the Program
BNB Chain continues to support innovative projects and has announced a second round of the program. A three-day community fraud review is currently underway before further liquidity support is issued. The program remains active, with new rounds of support distributed to qualifying projects.
The BNB Chain liquidity support program serves as a vital tool in accelerating the success of new Web3 projects by providing them with the necessary resources for stability and growth.
