BNB Chain launches a $100 million program to boost liquidity for projects on centralized exchanges (CEX). Successfully listed projects on 11 major CEXs will receive rewards primarily in BNB.

The program aims to strengthen the BNB Chain ecosystem, following two smaller incentive rounds worth $4.4 million each in February and March.

Rewards vary depending on the prominence of the exchange listing. Source: BNB Chain

BNB Chain implements the liquidity incentive program on a “first-come, first-served” basis during a three-month trial phase. Only projects with a market capitalization of at least $5 million and a daily trading volume of $1 million are eligible. The largest reward, $500,000 in permanent liquidity, is for projects listed on major exchanges like Binance and Coinbase.

Some rewards will be in the form of non-withdrawable BNB liquidity, while others will include token purchases to create two-way liquidity.

TVL chains. Source: DeFiLlama

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