BNB Chain (BNB) has launched a $ 100 million program designed to break the liquidity for its native projects on centralized stock exchanges (CEXS).
The network allocates encouragement of $ 100 million, primarily in the form of native BNB tokens, for projects that successfully exchange on 11 main cexes specified by the BNB chain, According to to announce March 24.
The program aims to “continue to increase the BNB Chain ecosystem fluidity and support the growth of the project by encouraging the exchange to mention the BNB chain tokens,” said the chain in the statement.
BNB Chain previously launched two smaller fluidity motivational programs, allocating two tranches in February and March in the amount of $ 4.4 million Memecoins and another ecosystem projects.
The prizes vary depending on the importance of the exchange list. Source: BNB chain
The latest motivational program on the network will be made on the basis of the first service and will initially operate for a three -month trial period.
BNB Chain said that only projects from at least $ 5 million market capitalization and $ 1 million in terms of trading, among others.
The largest prizes – USD 500,000 in constant liquidity – are reserved for projects that exchange on the main cexes such as Binance and Coinbase.
In some cases, the prizes will be confined to the unpredictable liquidity of the BNB token, and in others they will also contain purchases of project tokens to create double -sided liquidity, in accordance with the BNB chain.
TVL chains. Source: Bronze
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Delay competitors
The BNB chain has a total blocked value (TVL) of around $ 5.4 billion, According to For data from Donnela.
It ranks fourth among the blockchain networks on TVL, remaining behind the leading clever contract platforms Ethereum and Solana, with TVL in the amount of about $ 46 billion and $ 7 billion, respectively.
The BNB chain is associated with Binance, the world’s largest cryptocurrency exchange.
In March, The Wall Street Journal announced that entities associated with US President Donald Trump talked about binance.us, independently operated by the American exchange of cryptocurrencies.
The former director of Binance, Changpeng “Cz” Zhao, denied many reports of reports, including any suggestions that the contract was dependent on Trump’s pardon of Zhao after his conviction of violation of the Banking Secret Act.
In 2023, Binance agreed to pay a penalty of $ 4.3 billion, and Zhao pleaded guilty for one violation of the Banking Secret Act for shortcomings in a binance money preventing program.
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