BNB Chain Foundation Buys $100,000 in Tokens for Ecosystem Projects

The BNB Chain Foundation has recently completed two new rounds of asset purchases as part of its $100M Incentive Program. This program is designed to support qualified projects that are building on the BNB Chain ecosystem. The foundation has allocated a total of $100,000 to acquire $SKYAI tokens, with each transaction amounting to $25,000. Additionally, the foundation made a $25,000 purchase from $AIOT and another $25,000 purchase from $TST.

To date, the BNB Chain Foundation wallet has purchased tokens from five different projects: Broccoli (714), TST, Mubarak (6f6), AIOT, and SKYAI. The wallet address for the BNB Chain Foundation is 0x511dfe9e248c887e32ca8bf9d1cb76f101965060, and the transaction history can be viewed publicly.

Further announcements regarding the deployment of capital to support high-potential projects on the BNB Chain will be made on X. The BNB Chain is a community-driven blockchain ecosystem aimed at removing barriers to Web3 adoption. It comprises several key components, including BNB Smart Chain (BSC), opBNB, and BNB Greenfield. BSC serves as a secure DeFi hub with the lowest gas fees among EVM-compatible L1 chains and acts as the ecosystem’s governance chain. opBNB is a scalability L2 that offers some of the lowest gas fees and rapid processing speeds. BNB Greenfield addresses decentralized storage needs and allows users to establish their own data marketplaces.

The BNB Chain ecosystem prioritizes security, with the AvengerDAO community protecting users and Red Alarm providing a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program. Users can follow BNB Chain on X or start exploring via the Dapp library for more information.