BNB Chain has launched its liquidity program, allocating $100 million to support projects within its ecosystem. The program aims to enhance liquidity and visibility for tokens on centralized exchanges.
Which Projects Received Support?
The first batch of projects selected for liquidity support includes:
- BANANAS31 – Up to $510,000 for listings on Binance and Bitget.
- MUBARAK – Up to $500,000 for Binance listing.
- BROCCOLI (714) – Up to $500,000 for Binance listing.
- TUTORIAL (TUT) – Up to $500,000 for Binance listing.
- KILO – Up to $290,000 for listings on Bitget, Bybit, MEXC, Gate, and KuCoin.
BNB Chain emphasized the selection process was rigorous.
How Does the Liquidity Program Work?
BNB Chain’s liquidity incentive program is designed to provide financial backing to ecosystem projects using BNB tokens. To qualify, projects must meet specific criteria:
- Minimum market capitalization of $5 million.
- At least $1 million in daily trading volume.
- Successful listing on one of the 11 designated CEXs.
Rewards vary based on the project status and exchange, with the largest rewards given for listings on Binance or Coinbase.
Importance for the BNB Ecosystem
This initiative is a result of two smaller pilot programs earlier in the year, where BNB Chain allocated $4.4 million for supporting listings of memecoins and ecosystem projects. The program is expected to:
- Enhance liquidity for BNB-native tokens.
- Attract more traders and investors to the ecosystem.
- Strengthen the network’s presence on major exchanges.
By providing direct liquidity support, BNB Chain aims to create a more robust trading environment.
The BNB Chain liquidity program is ongoing, with further projects to be selected based on market performance and exchange listings.
