BNBChain is upgrading $ 100 million incentive programs to directly acquire tokens.
According to the update, the change in approach follows the ecosystem feedback according to the unexpected ecosystem feedback among the initial liquidity programs, distributed financing, artificial intelligence and other projects of BNB chains.
In March 2024, BNB Chain announced a $ 100 million program aimed at incentives for centralized exchanges to list the native BNB chain tokens in March 2024.
The goal was to strengthen the chain liquidity and strengthen the market foundation, and the project was rewarded by the compensation for CEXS. The finest exchange consists of Binance, Coinbase, Upbit, Tier 2 and 3, Krake, BYBIT, OKX and BITGET, MEXC, GATE.IO, KUCOIN, Crypto.com, respectively. The reward range was from $ 10K to $ 500K.
According to the BNB chain, feedback after three weeks shows that this model did not work. The BNB chain now plans to support high -performance projects through direct investment instead of the target incentives through listing.
A project with a market cap of more than $ 1 million and an average daily activist exceeds 300 or has a total value of $ 20 million in a “qualified grass”. Other metrics, including security, are applied with the selected project to see that the BNB chain foundation purchase $ 100,000 tokens.
The platform said, “BNB Chain Foundation also maintains flexibility to determine how to buy tokens and how to handle the purchased tokens.
This initiative eye is qualified as a 100% BNB chain, and this tag has been extended to successfully migrated from other chains. The blockchain has seen the inflow of the new project as developer activities intercept Defi, AI, Web3 Gaming and MEMES.
Some of these new launches include Infra Project Quex Tech, Payments Solution Crypto, AI -based Web3 launchpad bnb4.ai and market.win, oracle data -based prediction markets.