BNB Chain Unveils Meme Heroes LP Support Recipient

BNB Chain Announces Meme Heroes Phase Two Winner

BNB Chain, a leading community-driven blockchain ecosystem known for its extensive smart contract capabilities, has announced the latest winner of its “Meme Heroes” program. This initiative aims to accelerate innovation and support within the meme coin sector, fostering the development and growth of promising meme projects. The latest recipient of liquidity pool (LP) support is Simon’s Cat (CAT).

About Simon’s Cat (CAT)

Simon’s Cat (CAT) is based on the popular animated series created by Simon Tofield in 2008. The series features a mischievous cat engaging in humorous antics to capture its owner’s attention. Now, Simon’s Cat has ventured into the cryptocurrency space with its own official meme token on BNB Chain, allowing fans and crypto enthusiasts to engage with the brand in an innovative way. Simon’s Cat will receive $50,000 in LP support as part of this initiative.

Selection Criteria for Meme Heroes Program

The selection of the Meme Heroes phase two winner was based on several key criteria:

• LP Liquidity: Projects were required to lock 100% of their LP liquidity for at least one year or transfer it to a null address.
• Token Supply Contribution: Projects needed to contribute 10% of their total token supply to the LP.
• Ownership Distribution: The top 10 externally owned accounts (EOAs) were required to hold less than 10% of the total supply. Stakeholders were encouraged to lock or vest their funds over time.
• Security Verification: Projects had to verify their token source code on BscScan or undergo a security audit.
• Market Metrics: Consideration was also given to trading volume, number of token holders, and market capitalization.

CoCo Coin and Simon’s Cat emerged as standout projects based on these criteria during the competition.

BNB Chain’s Mission and Support for Meme Coins

BNB Chain acknowledges the significant role meme coins play in introducing new users to Web3. The Meme Heroes program aligns with BNB Chain’s mission to onboard the next billion users to the space. By supporting meme coin projects that demonstrate genuine utility, BNB Chain is helping these projects achieve their business goals.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem designed to facilitate Web3 adoption. It includes:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees among EVM-compatible L1 chains, serving as the governance chain of the ecosystem.
• opBNB: A scalability L2 solution offering some of the lowest gas fees and rapid processing speeds.
• BNB Greenfield: Provides decentralized storage solutions and enables users to create their own data marketplaces.

The ecosystem is committed to high security standards, with AvengerDAO protecting users and Red Alarm offering real-time risk-scanning for Dapps. Additionally, BNB Chain supports its community through various monetary and ecosystem rewards as part of its Builder Support Program.