Iris Coleman
February 21, 2025 08:21
BNB Chain launches a $4.4 million liquidity support program, strengthening top memokine in the ecosystem, providing daily and weekly rewards.
The BNB chain has announced the launch of a $4.4 million liquidity support program to strengthen the presence of memokine within its ecosystem. The initiative, which began on February 18, 2025, aims to provide significant liquidity to the top-performing Mimecoin in the BNB chain, according to the BNB Chain Blog.
Program Structure and Participation
The program is configured to support daily and weekly competition between Memecoins, with the BNB Chain Foundation directly adding BNB liquidity to the pool of winning projects. This liquidity is intended to remain permanently in the pool and to increase the stability and growth potential of selected Memecoin.
Eligible participants are MemeCoins, which are natively launched at Binance Smart Chain (BSC) and meet certain criteria. These include being listed on platforms such as Four.meme, Burve, Gra.fun, and Pinksale. Additionally, it must have been launched in the round to qualify at least 48 hours before each competition round.
Competition details
The competition is divided into daily and weekly segments, with winners having specific benchmarks. The daily competition will run from 12pm to 11:59am, with weekly competition being extended from February 18th to February 25th. Memokines are evaluated based on market capitalization, price increases and trading volume, with a specific weight ratio applied to each indicator. .
For example, market capitalization accounts for 30% of the score, price increases by 20%, and trading volumes of 50%. A lower score indicates a better ranking. The program aims to spotlight Memecoin with a market capitalization of at least $1 million and an active holder of over 1,000.
Rewards and incentives
Daily winners can receive up to $200,000 in liquidity support, but weekly winners will have a significant increase in rewards ranging from $200,000 to $500,000 based on their rankings. In particular, Memecoin can only win one daily competition, but still maintain its qualifications for weekly competition.
Liquidity support involves adding both BNB and MemeCoin to the most active liquidity pool, with no planned withdrawals ensuring sustained support for MemeCoin.
Security and fair play
To maintain consistency, the BNB chain has strict security measures in place. Projects must either check the token source code in BSCSCAN or undergo a security audit. Additionally, the core team reserves the right to disqualify memokines involved in laundry trading and other forms of market manipulation.
BNB Chain’s initiative reflects the broader trends in the blockchain ecosystem that actively supports innovative digital assets and promotes a competitive and growth-oriented environment for cryptocurrency projects.
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