BNB Chain has announced the first batch of projects that will receive support from its $100 million liquidity program aimed at enhancing the liquidity of BNB-native tokens on centralized exchanges.
First Batch of Supported Projects
Five projects, including BANANAS31, Mubarak, Broccoli (714), Tutorial (TUT), and KiloEX (KILO), have been selected for liquidity support with funding ranging from $290,000 to $510,000. Launched on March 24, the initiative aims to increase trading depth and visibility for projects within the BNB Chain ecosystem.
How the Liquidity Program Works
The BNB Chain Liquidity Incentive Program is designed to enhance liquidity for ecosystem projects by providing financial backing in BNB tokens. Projects must meet strict requirements including a minimum market capitalization of $5 million and a successful listing on one of 11 designated CEXs. Liquidity rewards vary depending on the exchange and project status.
Importance of the Program for the BNB Ecosystem
This $100 million initiative follows two smaller pilot programs which allocated $4.4 million to support the listing of tokens and memecoins. The program is expected to improve liquidity for BNB-native tokens, attract more traders and investors to the ecosystem, and strengthen the network's presence on major exchanges.
With the launch of the liquidity program, BNB Chain provides opportunities for projects seeking to improve their liquidity and competitiveness on major platforms. The selection of new projects is expected to continue based on their market performance.
