BNB Chain Incentive Program: A Catalyst for CEX Listings & Adoption?
In order to boost liquidity for its native projects on centralized exchanges (CEXs), BNB Chain has started a $100 million program. According to a March 24 release, the network is providing $100 million in incentives, mostly in the form of its native BNB tokens, to companies that list successfully on any of the 11 significant CEXs that BNB Chain has designated.
The program aims to further enhance BNB Chain’s ecosystem liquidity and foster project growth by incentivizing exchanges to list native BNB Chain tokens,
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CEX Listings Just Got Easier: BNB Chain’s Bold Move to Support Projects
In order to encourage CEX listings for meme coins and other ecosystem projects, BNB Chain previously introduced two smaller liquidity incentive schemes, distributing two tranches of $4.4 million in February and March. According to the network, its most recent liquidity incentive scheme will have a three-month trial duration and be implemented on a first-come, first-served basis.
According to BNB Chain, among other requirements, projects must have a minimum market capitalization of $5 million and a daily trading volume of $1 million in order to qualify. According to the statement, projects that list on well-known CEXs like Binance and Coinbase are eligible for the biggest payouts. According to BNB Chain, awards will occasionally be restricted to non-withdrawable BNB token liquidity, while in other instances, they will also involve project token purchases to provide two-sided liquidity.
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