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 liquidity must be blocked for a period of at least one year or sent to a zero address;
- inclusion in LP of 10% of the total volume of tokens;
- top 10 EOA holders are allowed to own less than 10% of the total supply of coins;
- 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.
Previously, BNB Chain activated the BEP 336 Haber hard fork, which reduced transaction costs for L2 solutions by 90% compared to current levels.#binance
