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BNB Chain Dedicates $900K Liquidity Pool To Support And Develop Meme Coin Ecosystem
The post BNB Chain Dedicates $900K Liquidity Pool To Support And Develop Meme Coin Ecosystem appeared on BitcoinEthereumNews.com. [PRESS RELEASE – Dubai, UAE, June 25th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced “Meme Heroes”, a continued commitment to the growth of the meme coin landscape. Building on the momentum of its Meme Innovation Campaign, BNB Chain will allocate $900,000 for liquidity pool (LP) support to foster the development and growth of high-potential meme projects within its ecosystem. This LP support is an extension of the committed $1 million, aimed at accelerating meme coin innovation on BNB Smart Chain (BSC). In line with its mission to give back to the community and offer an open, scalable infrastructure, BNB Chain commits to reinvesting all revenue generated from these LPs back into the ecosystem. Any revenues will be directed to two dedicated LP addresses here and here, ensuring ongoing support and growth for meme coins within the ecosystem. During the Meme Innovation campaign, BNB Chain awarded $100,000 in prizes to support meme coin development, generating participation from developers and meme projects globally. This initiative boosted innovation and highlighted BNB Chain as an ideal network for launching and trading meme tokens with 162 entries, boasting a total trading volume of 507M, and an effective trading volume reaching 499M. The Meme Heroes campaign aims to improve liquidity, promoting a stable and secure trading environment for users. The criteria for selecting projects include requiring 100% of the LP liquidity to be locked for at least one year or sent to a null address, 10% of the total token supply to be added to the LP, ensuring that the top 10 EOA holders hold less than 10% of the total supply, and encouraging these significant stakeholders to lock or vest their funds over time. Additionally, the token source code should be verified on BscScan or have…
The post BNB Chain Dedicates $900K Liquidity Pool To Support And Develop Meme Coin Ecosystem appeared on BitcoinEthereumNews.com.
[PRESS RELEASE – Dubai, UAE, June 25th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced “Meme Heroes”, a continued commitment to the growth of the meme coin landscape. Building on the momentum of its Meme Innovation Campaign, BNB Chain will allocate $900,000 for liquidity pool (LP) support to foster the development and growth of high-potential meme projects within its ecosystem. This LP support is an extension of the committed $1 million, aimed at accelerating meme coin innovation on BNB Smart Chain (BSC). In line with its mission to give back to the community and offer an open, scalable infrastructure, BNB Chain commits to reinvesting all revenue generated from these LPs back into the ecosystem. Any revenues will be directed to two dedicated LP addresses here and here, ensuring ongoing support and growth for meme coins within the ecosystem. During the Meme Innovation campaign, BNB Chain awarded $100,000 in prizes to support meme coin development, generating participation from developers and meme projects globally. This initiative boosted innovation and highlighted BNB Chain as an ideal network for launching and trading meme tokens with 162 entries, boasting a total trading volume of 507M, and an effective trading volume reaching 499M. The Meme Heroes campaign aims to improve liquidity, promoting a stable and secure trading environment for users. The criteria for selecting projects include requiring 100% of the LP liquidity to be locked for at least one year or sent to a null address, 10% of the total token supply to be added to the LP, ensuring that the top 10 EOA holders hold less than 10% of the total supply, and encouraging these significant stakeholders to lock or vest their funds over time. Additionally, the token source code should be verified on BscScan or have…
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