BNB Chain has made a major change in its $ 100 million incentive program and based on Direct Token Acquisition. Earlier this program was launched for the purpose that the native tokens of BNB Chain could be listed on the Centralized Exchange (CEXS), but after the feedback received from the three -week pilot project and the community, it has now been given a new look.
Strategy changed if the effect is not shown in the old project
The incentive program, launched in March 2024, was aimed at listing the token of BNB Chain on the major centralized exchanges. Under this, projects were given rewards according to the tier system. Top exchanges included binance, coinbase and upbit, while the second and third tier had exchanges like Kraken, Bybit, Okx, Bitget, Mexc, Gate.io, Kucoin and Crypto.com. Under this project, projects were to be rewarded ranging from $ 10,000 to $ 500,000.
However, in three weeks of the pilot project, it became clear that this model was not able to give results according to expectation. Feedback of the community showed that these projects were not able to support the real growth and activity of the listing based incentive projects properly. After this, BNB Chain decided that now he will only invest directly in the same projects which will prove to be suitable on the base of the performance. Along with this, recently a news was also revealed, in which its burning mechanism was also seen in which it was told that, BNB Chain burn $ 916m BNB TokensWhich indicates that such efforts can lead to a major change.
Now qualified projects will get a direct investment of $ 100,000
Under the new Strategy, BNB Chain Footing will now be purchased directly in such projects that will directly buy tokens of $ 100,000 which will be included in “Qualified Pool”. Some standard have been fixed for this.
For example, the market cap should be more than $ 1 million or should have more than 300 daily active traders or a general price locked (TVL) of more than $ 20 million. Apart from this, security and other technical criteria of the project will also be seen.
This project is especially for projects that are completely based on BNB Chain. However, those projects will also be included in this category which were earlier on any other blockchain but now have been successfully migrated to BNB Chain.
Some of the recent major launch include projects such as Quex Tech (Infrastructure Project), Crypto Significance (Payment Solution), BNB4.AI (AI-based web 3 launchpad) and Marketplace.Win (Opek Data based procedure market). It is clear from these examples that BNB Chain is becoming a new center of developer activity and innovation.
This strategic change reflects the vision of BNB Chain in which it wants to pursue the entire web3 ecosystem by giving strong support to high -affidavit and active projects on its network.
Conclusion
The upgrade made in the $ 100 million incentive program of BNB Chain shows that the platform is making changes in strategy over time, understanding the real needs of its ecosystem. Instead of the old project based on exchange listing, high-performance and BNB Chain-Native Projects will be strengthened through Direct Token Acquisition. This will not only provide necessary funding and support to innovative projects, but will also increase developer activity, credibility and participation of users on BNB Chain. This initiative is an important step towards estimating BNB Chain as a more stable and attractive platform in the web3 space. Along with this, if you want to know, What is binance So you can know by clicking on this link.
