BNB Chain Unveils $100 Million ‘Token Direct Purchase’ Initiative to Strengthen Ecosystem Development

On April 18, COINOTAG News reported that the BNB Chain has unveiled a pivotal initiative, a $100 million strategy aimed at bolstering liquidity through its newly refined “Token Direct Purchase” mechanism. Following a three-week trial of the “Listing-to-Boost Liquidity” program, this approach takes into account valuable community feedback, thereby catering more effectively to the growth of ecosystem projects. This initiative specifically targets BNB Chain’s native assets and cross-chain assets, providing qualifying projects with a potential purchase of at least $100,000.

Eligibility hinges on stringent criteria related to on-chain data and security measures. For instance, transaction-driven assets require a market cap of at least $1 million, a minimum of 300 daily unique traders, and a trading volume exceeding $200,000. Conversely, projects focused on Total Value Locked (TVL) must demonstrate a TVL of no less than $20 million, with protocol growth as a central evaluation factor. Moreover, security protocols mandate that the top ten external accounts hold no more than 10% of total supply, alongside the necessity for contract verification on BscScan or a passed security audit.

The BNB Chain Foundation intends to randomly select projects from the eligible pool, executing purchases from its designated wallet address, with announcements following each transaction via official channels. This enhanced incentive plan underlines BNB Chain’s unwavering dedication to fostering innovation and generating sustainable value for its ecosystem amidst prevailing market dynamics.