Bnb chain (Bnb) has launched a $ 100 million program designed to bootstrap the liquidity for its native projects in centralized exchanges (CEX).
The network allocates $ 100 million in incentives, especially in the form of BNB native tokens, on projects successfully listed in any of the 11 major CEX specified by the BNB chain, According to In a announcement of March 24th.
The program aims to “further enhance the BNB chain’s liquidity ecosystem and develop the project by investigating the exchanges to list the native tokens of the BNB chain,” the chain said in the statement.
The BNB chain had previously launched two smaller liquidity incentive programs, providing two branches of $ 4.4 million in February and march to be incentive to CEX lists for Memecoins and other ecosystems Projects.
Rewards vary based on the popularity of the exchange list. Source: Bnb chain
The latest network incentive program incentive will be conducted on a first-come, first-served basis and will initially run for a three-month trial period, it said.
Only projects with at least one $ 5 million market capitalization and $ 1 million in the sunny trading volume are eligible, among other criteria, the BNB chain said.
The biggest reward – $ 500,000 in permanent liquidity – is reserved for projects that list major CEXs such as Binance and Coinbase, it said.
In some cases, the rewards are limited to non-withdrawable BNB token liquidity and others, they will also include purchases of project tokens to create two-sided liquidity, according to the BNB chain.
Chains by TVL. Source: Delete
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Sad competitors
BNB chain has a total amount locked (TVL) of approximately $ 5.4 billion, According to to data from defillama.
It is fourth among TVL blockchain networks, which were caught in the leading platforms of the wise contract of Ethereum and Solana, with TVLs of nearly $ 46 billion and $ 7 billion, respectively, according to Defillama.
The BNB chain is associated with Binance, the world’s largest cryptocurrency exchange.
In March, The Wall Street Journal reported that the creatures associated with US president Donald Trump were in conversations to buy Binance.US, an independent-run US crypto exchange.
Former Binance CEO Changpeng “CZ” Zhao has declined many of the claims of reports.
In 2023, Binance agreed to pay a $ 4.3 billion penalty and for Zhao to seek a sin for a number of violations of the Bank Secrecy Act for shortcomings in Binance’s anti-money laundering program.
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