Starting February 18, 2025, BNB Chain is introducing the Meme Liquidity Support Program, a new initiative aimed at strengthening memecoins within its ecosystem. The program will provide liquidity to selected memecoins, adding BNB directly to their pools. This move is intended to support promising projects by increasing their stability and visibility in the market.
How the Program Works
The competition will run in two formats: a daily and a weekly ranking system. Each day, one memecoin will be chosen to receive up to $200,000 in liquidity support. Over a week, ten memecoins will be selected for rewards, with the highest-ranked project receiving up to $500,000. The liquidity provided will remain in the pool permanently and will not be withdrawn by the BNB Chain Foundation.
To qualify, memecoins must be natively launched on BNB Smart Chain (BSC) through specific platforms such as Four.meme, Burve, Gra.Fun, PinkSale, and others. They must be at least 48 hours old before entering a competition round.
Additional eligibility criteria include a minimum market cap of $1 million, at least 1,000 active holders, and a fair ownership distribution—ensuring that the top 10 externally owned accounts (EOAs) hold no more than 10% of the total supply. Projects must also verify their token source code on BscScan or undergo a security audit.
Selection and Ranking Criteria
The winning memecoins will be chosen based on multiple indicators, using a predefined scoring system. While a memecoin can win the daily competition only once, it can still compete for the weekly reward. The rankings will determine the level of liquidity support, with rewards ranging from $200,000 to $500,000.
Industry Response and Future Rounds
The program marks an effort to bring legitimacy and sustainability to the memecoin sector, which has often been volatile and unpredictable. By providing liquidity, BNB Chain aims to encourage long-term development in the space.
A BNB Chain spokesperson stated, “This initiative reflects our commitment to fostering innovation and supporting emerging projects within our ecosystem.”
The first round of the competition will serve as a pilot, with subsequent rounds dependent on community feedback. Winners will be announced on X (formerly Twitter), and further details on participation are available on BNB Chain’s official channels.
The initiative underscores BNB Chain’s broader goal of expanding the Web3 ecosystem while addressing liquidity challenges faced by emerging projects.
Editorial Note: This news article has been written with assistance from AI. However, opinions and perspectives are those of Harshajit Sarmah.
