BNB Chain Distributes $2.3 Million in Liquidity Support to Five Projects

BNB Chain, a community-driven blockchain ecosystem, has successfully distributed $2.3 million in liquidity support to five projects as part of its $100 million Liquidity Incentive Program. This initiative aims to encourage early token listings on centralized exchanges (CEXs) while bolstering on-chain liquidity and establishing robust market foundations. The program targets eligible BNB Chain-native projects that have successfully launched and are listed on multiple CEXs, providing liquidity in wBNB in controlled batches to mitigate market impact and token price volatility.

The first batch of recipients includes Mubarak ($MUBARAK), Tutorial ($TUT), Banana For Scale ($BANANAS31), KiloEx ($KILO), and $BROCCOLI (714). Mubarak and Tutorial each received $500,000 in wBNB, while Banana For Scale received $510,000. $BROCCOLI received a total of $500,000, with $350,000 structured as double-sided liquidity and an additional $7.5K of wBNB as single-sided liquidity. KiloEx received $290,000 in wBNB. All transactions have been completed, and details are available for public review.

Despite market volatility, BNB Chain remains committed to supporting builders throughout their journey, from ideation to launch and beyond. The $100 million Liquidity Incentive Program is a cornerstone of BNB Chain’s mission to help projects achieve real business success and sustainable growth. By providing direct liquidity support, the program accelerates the post-listing momentum of promising Web3 projects.

BNB Chain has announced the second round of the program, with a 3-day community fraud review currently underway. The program will continue to distribute support to eligible BNB Chain projects that demonstrate long-term potential. All updates are posted on X, ensuring transparency and community engagement.

BNB Chain is composed of BNB Smart Chain (BSC), a secure DeFi hub with the lowest gas fees of any EVM-compatible L1, serving as the ecosystem’s governance chain. opBNB, a scalability L2, delivers some of the lowest gas fees of any L2 and rapid processing speeds. BNB Greenfield meets decentralized storage needs for the ecosystem and allows users to establish their own data marketplaces. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program, setting a high bar for security with AvengerDAO and Red Alarm providing real-time risk-scanning for Dapps.