Following the success of its first two rounds, which awarded a complete of $4.4 million in everlasting liquidity rewards, BNB Chain has unveiled Spherical 3 of its Everlasting Liquidity Program with a large $100 million finances. This initiative is designed to strengthen the liquidity of native BNB Chain tokens by incentivizing listings on main centralized exchanges (CEXs). This system goals to reinforce ecosystem progress by offering liquidity help throughout varied sectors, together with meme cash, AI initiatives, DeFi, and gaming tokens.
Key Particulars of the Program:
Marketing campaign Period:
- This system is efficient instantly and can run as a 3-month trial interval.
- Continuation past this era will rely upon a efficiency analysis.
Reward Construction and Allocation:
Projects that successfully list native BNB Chain tokens on selected CEXs can earn rewards based on the exchange category:
- Top-Tier Exchanges (Binance, Coinbase, Upbit): Listing reward: Up to $500,000 per exchange.
- Second Tier Exchanges (Kraken, Bybit, OKX): Listing reward: Up to $250,000 per exchange.
- Other Recognized Exchanges (Bitget, MEXC, Gate.io, KuCoin, Crypto.com): Listing reward: $10,000 per exchange, capped at $50,000 in total.
Example:
If Project A lists on a Category 3 exchange, it receives $50,000. If it later secures listings on Category 2 and another Category 3 exchange, it can continue claiming rewards. The maximum reward per project is capped at $800,000.
Eligibility Criteria:
To qualify for liquidity rewards, projects must meet the following updated requirements:
- Token Origin: 100% native to BNB Chain.
- Market Cap: Minimum of $5 million.
- Number of Holders: At least 10,000 unique wallet addresses.
- Daily Trading Volume: Minimum $1 million average daily on-chain trading volume.
- Ownership Distribution: The top 10 externally owned accounts (EOA) must collectively hold ≤10% of the total supply, excluding CEX wallets and CZ’s publicly known wallets.
- Security Standards: Token source code verification on BscScan or completion of a security audit.
- Snapshot Checks: Eligibility is verified weekly every Tuesday at 23:59:59 UTC.
Important Note: Tokens listed on exchanges before the program’s announcement are not eligible for rewards.
Security and Fraud Prevention:
BNB Chain maintains a rigorous vetting process to prevent fraud and market manipulation.
- Projects found engaging in wash trading, self-trading, or market manipulation will be disqualified.
- Community members have three days after the winners’ announcement to report fraudulent activities.
- The first valid report of fraud will earn a $10,000 equivalent BNB reward.
Liquidity Support and Distribution:
When Will Liquidity Be Provided?
- Verified winners will be announced on BNB Chain’s X (Twitter) account.
- Liquidity support will be provided within five days after the announcement.
Liquidity Addition Method:
- Based on the project’s pool activity, BNB Chain will determine whether to provide single-sided or dual-sided liquidity.
- Dual-Sided Liquidity: 50% BNB and 50% project tokens (purchased from the market) will be added to the most active liquidity pool.
Liquidity Withdrawal Policy:
- Liquidity will remain permanently locked in the PancakeSwap pool to ensure long-term stability and trading sustainability.
Compliance and Disqualification:
BNB Chain reserves the right to:
- Terminate, extend, or suspend the program at any time.
- Modify eligibility criteria and adjust the campaign structure without prior notice.
- Disqualify participants engaging in prohibited activities such as mass wallet usage, wash trading, or self-trading.
Disclaimer:
Risk Advisory:
Participation in cryptocurrency projects involves high-risk speculation. Digital asset prices are volatile, and participants should be prepared for potential losses. BNB Chain makes no guarantees regarding token success or profitability. Users are advised to conduct their own research and assess personal risk tolerance before participating.
Program Integrity:
BNB Chain is a public, decentralized, and permissionless blockchain. Participation in any project should not be considered an endorsement by BNB Chain. The English version of this announcement will take precedence over any translations.
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