BNB Chain Expands Its $100M Incentive Program to Include a New Token Acquisition Strategy

The initial analysis of the program's outcomes revealed that the improvement was not as significant as the investigators had expected.

BNB Chain has announced an expansion of its $100M incentive program following a three-week pilot phase.

The initial analysis of the program’s outcomes revealed that the improvement was not as significant as the investigators had expected.

Therefore, the BNB Chain has developed an innovative token acquisition strategy to improve its fundamental metrics and support for the preferred projects. This update is expected to increase platform usage in order to meet the intended goal.

Program Categories and Eligibility Criteria

The new program caters to two primary classes of assets: trading-based assets and TVL-based assets. To meet the on-chain data requirements, a trading-driven asset must have a market cap of at least $1 million, 300 or more daily active traders, and more than $200,000 in daily volume. TVL-driven assets must have a total value locked (TVL) exceeding $20 million.

Related: How BNB Chain’s AI Hack is Revolutionizing Web3 Innovation and DeFi Projects

In terms of security requests, the project has to ensure that the Top 10 external addresses (EOAs) have no more than 10% of the total token supply. These rules exclude large-scale custody wallets and those affiliated with known Binance figures, such as CZ. Tokens should be locked or released progressively over the specified period, rather than being frozen or unfrozen. A token contract must also be checked on BscScan or undergo a security audit. Projects will also be reviewed for potential financial and smart contract risks.

Project Selection and Investment

Out of the pool of eligible candidates, the BNB Chain Foundation will pick projects that meet these requirements. After the selection, it will invest a minimum of $100,000 in each chosen project. Following the investment, the foundation will announce it on the official BNB Chain X account. This facilitates the tracking of these investments within the crypto community, thereby offering a level of transparency.

To remain as equitable as possible, the program will primarily focus on BNB Chain’s native tokens. This includes new or existing assets, as well as those that have been migrated from other blockchains.

Related: BNB Price Impact Minimal After Latest $916 Million Scheduled Token Burn

Asset Evaluation Criteria

The foundation will then evaluate the assets according to capitalization, traders, and trading volume. These values help determine projects with greater growth potential and increased community support. Projects must satisfy security and on-chain data standards to qualify for listing.

BNB Chain places high importance on maintaining the integrity of the program. The foundation has been very categorical in its stance that it will disqualify any project associated with fraud, such as wash trading or market manipulation. In cases where a project is reported as a scam, backed by conclusive evidence, it will not be allowed to participate.

Program Terms and Conditions

The terms of the program are subject to change at any time, and participants should be aware that modifications may occur without prior notice.

The foundation reserves the right to cancel, extend, or modify eligibility criteria and requirements, the selection process, and the timeline. Additionally, participants should be aware that the terms of participation may be amended as needed.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.