BNB Chain will allocate $900,000 to support meme tokens
The BNB Chain ecosystem has announced the launch of the Meme Heroes program, which will allocate $900,000 to support liquidity pools (LPs) to facilitate the development of promising meme projects.
The move expands on the $1 million commitment announced in April to advance meme coin innovation on the BNB Smart Chain.
Project selection criteria include a number of requirements:
100% of the pool's liquidity must be locked for at least one year or sent to a zero address;
inclusion of 10% of the total volume of tokens in LP;
Top 10 EOA holders are allowed to own less than 10% of the total coin supply;
encouraging large holders to lock up or gradually release their funds over time.
The source code of the meme token must be checked by BscScan or undergo a security audit. In addition, the following will be taken into account: trading volume, number of coin holders and market capitalization of the project.
Going forward, BNB Chain is committed to reinvesting all income generated from liquidity pools back into the ecosystem.
The team is now accepting applications from meme token developers to participate in the program..
#binance #memecoin
