The program aims to “further enhance BNB Chain’s ecosystem liquidity and foster project growth by incentivizing exchanges to list native BNB Chain tokens,” the chain said in the statement. BNB Chain previously launched two smaller liquidity incentive programs, allocating two tranches of $4.4 million in February and March to incentivize CEX listings for memecoins and other ecosystem projects. Rewards vary based on the prominence of the exchange listing.
Source: BNB ChainThe network’s latest liquidity incentive program will be executed on a first-come, first-served basis and will initially run for a three-month trial period, it said. Only projects with at least a $5 million market capitalization and $1 million in daily trading volume are eligible, among other criteria, BNB Chain said. The largest rewards — $500,000 in permanent liquidity — are reserved for projects that list on major CEXs such as Binance and Coinbase, it said.
Source: DeFILlamaRelated: Binance CEO reiterates denial of Trump family deal talksLagging competitorsBNB Chain has a total value locked (TVL) of approximately $5.4 billion, according to data from DefiLlama. It ranks fourth among blockchain networks in TVL, lagging behind leading smart contract platforms Ethereum and Solana, with TVLs of about $46 billion and $7 billion, respectively, according to DefiLlama. BNB Chain is affiliated with Binance, the world’s largest cryptocurrency exchange. In March, The Wall Street Journal reported that entities affiliated with US President Donald Trump were in talks to buy Binance.
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Author / Journalist: Cointelegraph by Alex O’Donnell
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