BNB Chain Starts Round Three of Its Liquidity Program with $100M in Rewards

BNB Chain has begun round three of its liquidity program. This time, they're implementing a $100 million permanent liquidity support program.

BNB Chain, a prominent blockchain network, is introducing the third iteration of its liquidity program. This time, the chain will be providing $100 million in permanent liquidity support to native projects that meet specific milestones across various sectors, including memes, AI, DeFi, gaming, and more.

The program is set to commence today, March 24, and will be tested for a period of three months on a smaller subset of projects before potentially expanding to a larger scale.

The exchange rankings will be based on CMC spot rankings and standards. Category 1 has the most popular exchanges: Binance, Coinbase, and Upbit. If you put your business on any of these sites, you could win a prize of up to $500,000.

Category 2 has Kraken, Bybit, and OKX. If you list on any of these, you can get a prize of up to $250,000. Lastly, users who put their coins on Bitget, Mexc, Gate.io, Kucoin, or Crypto.com will get a reward of $10,000, with a maximum of $50,000.

If your BNB Chain native tokens are mentioned on any of these three types of centralized exchanges, you will be able to get the rewards that go with them. Each project can get more than one prize. If a project meets all three criteria, it can get a total liquidity incentive of $800,000.

In addition, rewards will be distributed on a first-come, first-served basis to projects that meet the criteria.

What makes you eligible?

First, the token must be built 100% on the BNB Chain. There is also no chance for unfairness. How? Projects that were already on exchanges before the campaign started can’t get rewards.

In addition, on-chain requirements include a market cap of at least $5M, at least 10,000 holding addresses, a daily average on-chain trade volume of at least $1M, and the right amount of tokens being given out.

After succeeding, you can claim the rewards. However, before claiming rewards, the token has to have been live for at least 48 hours.

BNB Chain will post the winners’ names on its X account after verifying that they meet the requirements. Liquidity support will be given within five days of the winners’ names being named.

There are consequences for fraud. Therefore, any project caught committing fraud will be rejected. Also, the project is giving a chance to tech gurus. This is how: A $10,000 BNB Chain prize will be given to the first person in the community who can show proof of fraud.