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$BNB Chain announced it has invested in two altcoins as part of its $100 million stimulus program to support the ecosystem. According to the announcement, the purchases, made through the $BNB Chain Foundation wallet, were completed via direct market transactions.
According to information shared by $BNB Chain, the first investment was made in the 人生 (Rén Shēng) token. The foundation added 370,050.73 人生 tokens to its portfolio with a purchase of approximately $50,000. The second investment was in the 踏马 (Tà Mǎ) token. In this transaction, 4,833,569.28 踏马 tokens were purchased for $50,000.
These acquisitions are being conducted as part of $BNB Chain’s $100 Million Incentive Program. Under this program, projects meeting specific criteria are included in a “qualified project pool.” These criteria include a minimum market capitalization of $1 million, an average of 300 active traders per day, a daily trading volume exceeding $200,000, and a total value locked (TVL) exceeding $20 million. Furthermore, token distribution, on-chain transparency, and security audits play a significant role in the evaluation process.
The $BNB Chain Foundation aims to invest at least $100,000 in projects selected from its pool of qualified projects.
*This is not investment advice.