CZ’s BNB Donation Fuels Excitement in Meme Coin Liquidity Program
On February 22, former Binance CEO changpeng zhao
changpeng zhao Changpeng Zhao is the founder and CEO of Binance. Since its inception in 2017, his contribution to strengthening Binance has made the platform the largest cryptocurrency exchange in the world. And in 2019, he launched Binance, a US member of Binance. USA. Details: Organization: Binance Location: United Arab Emirates Skills: Trading Systems and Electronic Trading Experience: Binance CEO from July 2017 to November 2023. Is the value of value? Changpeng has a net worth of $62.6 million. 2. What is Zhao’s latest investment? Zhao invests in blockchain and artificial intelligence and biotechnology
entrepreneurinvestorCEO (CZ) shared that the address he used to donate $100,000 unexpectedly received more than $1 million in return. He made it clear that he had no intention of retaining the funds and he asked the community about how to do with them.
Now, he made the decision. CZ announced the move to inject these funds into Binance, causing Meme coin lovers to buzz with excitement. Same corner Liquidity support program.
This may be a game changer for meme coins on the BNB chain, but how will it work and what does that mean for the market? Let’s dive.
CZ’s plan: Support meme coin liquidity
In a new X post, CZ announced that he will use some of the funds to increase by hundreds BNB To provide liquidity to weekly winners of Binance’s Meme Coins Liquidity Pool Support Program. He plans to continue doing this until all funds run out.
https://twitter.com/cz_binance/status/18955482525877770057
The announcement has inspired the crypto community, especially supporters of Meme coins, who believe this can help improve promising projects.
https://twitter.com/apeworldsol/status/1895660024610898249
Binance’s Meme Coin Liquidity Plan: How to Work
Binance launched Meme Coins’ liquidity pool support program on February 18 to help good Meme Coin projects grow and gain popularity. The program is held daily and weekly competitions, with winners selected according to the following ways:
- Market value ranking
- Price increase level
- Trading volume ranking
The winners are supported by liquidity from the BNB Foundation Chain and permanent liquidity remains in the ecosystem. This is crucial for meme coins because it makes it easier to buy and sell to stabilize prices.
CZ’s move is filled with passion from traders and meme coin supporters. Many users on X share their excitement about its potential impact on the market.
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Weekly winners of Binance’s Meme Liquidity Support Program
Binance reveals first round winners from a $4.4 million liquidity support program. Here is how rewards are distributed:
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Layer 1
- Broccoli (F3B) – $500,000 in liquidity support
Level 2
- Come – $400,000
- Siren – $400,000
Layer 3
- Banana – $300,000
- Perry – $300,000
- TST – $300,000
Level 4
- Broccoli (714) – $200,000
- Broccoli (F2B) – $200,000
- TUT – $200,000
This funding will help these projects strengthen their trading activities and market operations.
As CZ is committed to increasing liquidity for the program, the meme coin industry of the BNB chain is likely to increase activity and investor interest. In the coming weeks, it’s interesting how it affects the wider meme coin market.
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