BNB Chain Enhances $100M Incentive Program to Boost Token Acquisition

By: bitcoin ethereum news|2025/05/13 13:45:04

Felix Pinkston May 13, 2025 03:26 BNB Chain upgrades its $100M incentive program with a new token acquisition strategy to enhance blockchain projects. Discover the program’s criteria and security requirements. BNB Chain has announced an upgrade to its $100 million incentive program, aimed at enhancing blockchain projects through a novel token acquisition strategy. This move comes after feedback from a three-week pilot phase indicated inefficiencies in the current program, according to the BNB Chain blog. Program Criteria and Security Measures The enhanced program will target projects categorized under ‘Trading Driven Assets’ and ‘TVL Driven Assets’. To qualify, projects must meet specific on-chain data requirements, such as a market cap of at least $1 million, an average of over 300 daily active traders, and a daily trading volume exceeding $200,000. Additionally, the growth of the protocol’s Total Value Locked (TVL) will be evaluated. Security measures are stringent. The distribution of tokens must ensure that the top 10 external accounts hold no more than 10% of the total supply, excluding centralized exchange wallets. Projects are urged to lock or release tokens in stages. Moreover, compliance with on-chain security requirements is mandatory, necessitating a verified token contract on BscScan or a security audit. Investment and Purchase Flexibility The BNB Chain Foundation plans to invest at least $100,000 in assets for projects selected from the qualified pool. The foundation retains the discretion to decide the timing and handling of token purchases. Upon completion of each purchase, announcements will be made on BNB Chain’s X (Twitter) account. The program encourages the use of 100% BNB Chain native tokens, whether existing, new, or fully transferred from other chains. Market cap, active traders, and trading volume are key metrics defining eligibility. Projects can check their qualification based on the outlined on-chain data and security requests. Program Flexibility and Participant Guidelines The selection quota remains flexible and will be subject to official announcements on BNB Chain’s X account. The exchange rate for purchases will reflect real-time values. Projects will undergo thorough review to detect financial or contract-related risks. Projects accused of scamming, with substantial evidence, will be disqualified. The BNB Chain Foundation reserves the right to modify or terminate program terms and conditions without prior notice. This includes changes to eligibility criteria, selection processes, and campaign timelines. Participants must adhere to these adjustments. In the event of discrepancies between translated versions of announcements, the English version will prevail. For further details, visit the BNB Chain blog. Image source: Shutterstock Source: https://blockchain.news/news/bnb-chain-enhances-100m-incentive-program

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