BNB Chain Invests $900,000 in Meme Coins Development 🚀
BNB Chain recently announced a groundbreaking initiative to support the development of meme coins within its ecosystem, committing a substantial $900,000 towards this endeavor. This move is part of the larger Meme Innovation Campaign, aimed at propelling innovation and growth in the meme coin sector.
Phase Two: Meme Heroes Program 💰
The ‘Meme Heroes’ program, the second phase of the campaign, will see BNB Chain allocate the remaining $900,000 for liquidity pool (LP) support. This financial backing aims to nurture the growth of promising meme projects. Notably, all profits generated from the LP support will be reinvested to further develop meme coins, ensuring a sustainable growth trajectory.
Application Criteria and Process 📝
To be eligible for the Meme Heroes support program, projects must meet specific criteria to enhance liquidity and establish a stable trading environment:
- Lock 100% of the LP liquidity for a minimum of one year or transfer it to a null address.
- Add 10% of the total token supply to the LP.
- Ensure that the top 10 externally owned account holders hold less than 10% of the total supply, with recommendations to lock or gradually release their funds.
- Validate the token source code on BscScan or undergo a security audit.
- Consider trading volume, number of token holders, and market capitalization alongside meeting other conditions.
Interested projects can apply for LP support by submitting an application form that includes a concise project description and the required supporting information as stipulated above. Applications can be submitted here.
Tracking and Reinvesting Revenue 🔍
BNB Chain has committed to reinvesting all revenue generated from the LPs into the ecosystem. These funds will be channeled to a dedicated LP address, ensuring continuous support for meme coins. Users can monitor BNB’s LP support assets through the provided addresses:
Encouraging Participation 🌟
With its strong infrastructure, security measures, cost-effectiveness, and active community, BNB Chain offers an excellent platform for creating, launching, and trading meme tokens. Developers and meme projects are strongly encouraged to seize this opportunity by submitting their applications.
Image source: Shutterstock
Hot Take: Grab the Opportunity Today! 🚀
Don’t miss the chance to benefit from BNB Chain’s substantial investment in meme coins development. Take advantage of this opportunity to enhance liquidity, promote growth, and contribute to the vibrant meme coin ecosystem. Submit your application now and be part of the innovative Meme Heroes Program!
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