BNB Chain has upgraded its $100 million reward program, introducing a novel token acquisition strategy to strengthen blockchain projects. This enhancement follows a three-week pilot phase that identified inefficiencies in the current program structure.
Program Criteria and Safety Measures
The revamped program targets projects in two key categories:
- Transaction-Driven Assets: Projects with high trading activity.
- Total Value Locked (TVL)-Driven Assets: Projects demonstrating significant growth in locked capital.
Eligibility Requirements:
- Market Cap: Minimum $1 million.
- Daily Active Traders: At least 300.
- Daily Trading Volume: Exceeding $200,000.
- TVL Growth: Evaluated quarterly.
Security Protocols:
- Token Distribution: Top 10 external accounts must hold ≤10% of total supply (excluding exchange wallets).
- Vesting: Gradual token release is mandated.
- Audits: Contracts must be verified on BscScan or pass third-party security audits.
Investment Flexibility and Purchasing Process
The BNB Chain Foundation will:
- Invest $100,000+ in selected projects.
- Determine token purchase timing and method (spot or OTC).
- Announce completed acquisitions via their official X (Twitter) account.
👉 Discover how BNB Chain’s liquidity incentives outperform competitors
Projects are encouraged to use 100% native BNB Chain tokens, whether newly minted or migrated from other chains. Eligibility hinges on real-time metrics like market cap and trading volume.
Program Adaptability and Compliance
- Dynamic Quotas: Selection thresholds may adjust; updates shared via official channels.
- Real-Time Valuation: Purchases reflect current market rates.
- Fraud Prevention: Projects under investigation for scams face immediate disqualification.
The Foundation reserves the right to modify terms without prior notice, including eligibility criteria or timelines.
FAQ Section
Q1: How does BNB Chain select projects for funding?
A: Projects are evaluated based on chain-specific KPIs (e.g., trading volume, TVL) and compliance with security standards.
Q2: Can non-native tokens qualify for the program?
A: No. Only 100% BNB Chain-native tokens are eligible.
Q3: What happens if a project fails the security audit?
A: Disqualified projects must rectify issues and reapply after 90 days.
👉 Explore BNB Chain’s full program guidelines here
For further details, refer to the BNB Chain Blog.