Dubai, UAE, June 25, 2024, Chainwire

BNB Chain,A community-driven blockchain ecosystem has: The world’s largest smart contract blockchaintoday announced “Meme Heroes” as a continuing effort towards growing MemeCoin. Meme Innovation CampaignBNB Chain will allocate $900,000 in Liquidity Pool (LP) support to foster the development and growth of high-potential meme projects within the ecosystem. This LP support is an extension of a 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 provide an open and scalable infrastructure, BNB Chain is committed to reinvesting all revenue generated from these LPs back into the ecosystem. All revenues will be sent to two dedicated LP addresses: here and hereEnsuring the continued support and growth of MemeCoin within the ecosystem.

BNB Chain During Meme Innovation Campaign $100,000 awarded They offered bounties to support the development of meme coins and encouraged participation from developers and meme projects around the world. This initiative spurred innovation and the BNB chain saw 162 entries, a total transaction volume of 507M and valid transaction volume of 499M, making it an ideal network for launching and trading meme tokens.

The Meme Heroes campaign aims to increase liquidity and promote a stable and safe trading environment for users. The criteria for selecting projects include locking 100% of LP liquidity for at least one year or sending it to a null address, contributing 10% of the total token supply to LPs, having the top 10 EOA holders hold less than 10% of the total supply, and encouraging these key stakeholders to lock or vest their funds over time. In addition, the token’s source code must be verified by BscScan or undergo a security audit. If all other conditions are met, we will take into consideration the overall trading volume, number of token holders, and market capitalization.

With mature infrastructure, security, affordability, a vibrant community, and a diverse DeFi ecosystem, BSC provides an ideal environment for creating, launching, trading, and exploring meme tokens. Its compatibility with the Ethereum Virtual Machine (EVM), low gas fees, and scalability make BSC a preferred choice for developers.

V, Chief Scientist of the BNB Chain, said: “As a community-driven blockchain ecosystem, BNB Chain is committed to efforts to foster growth and innovation within Web3. This LP support is a public goods event that will strengthen the meme coin ecosystem. We believe in the transformative potential of these projects and are excited to further support them.”

Developers and meme projects are encouraged to submit an application to be eligible for LP support. hereFor more information on application criteria and support programs, please visit BNB Chain. blog.

About BNB Chain

BNB Chain A community-driven blockchain ecosystem removing the barriers to Web3 adoption. It consists of:

  • BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees among EVM-compatible L1s, acting as the governance chain for the ecosystem.
  • opBNB: Scalable L2 with the lowest gas fees and fastest processing speeds of any L2.
  • BNB Greenfield: Meet the ecosystem’s decentralized storage needs and enable users to establish their own data marketplace.

High standards for security Avenger DAO The community will protect BNB chain users and Red Alarm It provides a real-time risk scanner for Dapps. The ecosystem also offers various monetary and ecosystem rewards as part of it. Builder Support Program.

For more information, please follow BNB Chain: X or Dapp Library.

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