BNB Chain Meme Coin Backed by $900,000 Liquidity Pool for Development

Key Points:

• “Meme Heroes,” a program dedicated to enhancing the BNB Chain meme coin ecosystem with a $900,000 liquidity pool support is now live.
• As part of a $1 million commitment, the first phase awarded $100,000 in prizes, generating global participation and significant trading volume.

BNB Chain has unveiled a new initiative called “Meme Heroes,” aimed at enhancing the BNB Chain meme coin ecosystem.

Read more: The Importance Of Meme Coins In The Blockchain Ecosystems

New BNB Chain Meme Coin Initiative Launched

The program is part of the broader Meme Innovation Campaign, through which it has committed $1 million to accelerate BNB Chain meme coin innovation.

A significant portion of this commitment, $900,000, will be allocated to support the liquidity pool (LP) to promote the development and growth of high-potential meme projects. The remaining $100,000 has already been awarded in the campaign’s first phase as prizes to developers, sparking global participation and innovation in meme coin creation. This initial phase saw 162 entries, generating a total trading volume of $507 million, with an effective trading volume of $499 million.

Strict Selection Criteria Ensures Secure

The “Meme Heroes” campaign focuses on improving liquidity and ensuring a stable and secure trading environment for BNB Chain meme coin users. Key criteria for project selection include locking 100% of LP liquidity for at least one year or sending it to a null address, adding 10% of the total token supply to the LP, and ensuring the top 10 externally owned account (EOA) holders possess less than 10% of the total supply.

These major stakeholders are encouraged to lock or vest their funds over time. Additionally, the token source code must be verified on BscScan or have undergone a security audit. Projects will also be evaluated based on trading volume, the number of token holders, and market capitalization.

BNB Chain is committed to reinvesting all revenue generated from these LPs back into the ecosystem, directing funds to two dedicated LP addresses.