Based

DeFi

Simon's Cat

Dubai, UAE, September 11th, 2024, Chainwire 
<a href="https://www.bnbchain.world/" rel="noopener noreferrer nofollow" target="_blank">BNB Chain</a>, the community-driven blockchain ecosystem that includes the <a href="https://twitter.com/nansen_ai/status/1667129159435337728" rel="noopener noreferrer nofollow" target="_blank">world’s largest smart contract blockchain</a>, has announced the latest winner from phase two of its <a href="https://www.bnbchain.org/en/blog/bnb-chain-dedicates-900k-liquidity-pool-to-support-and-develop-meme-coin-ecosystem" rel="noopener noreferrer nofollow" target="_blank">“Meme Heroes” program</a>. Built to accelerate meme coin innovation and support, and further develop and grow promising meme projects, BNB Chain has awarded liquidity pool (LP) support to Simon’s Cat (CAT) as part of the Meme Innovation program.&nbsp;
<a href="https://simonscat.com/" rel="noopener noreferrer nofollow" target="_blank">Simon’s Cat (CAT)</a> is an animated series created by animator Simon Tofield in 2008, featuring a mischievous cat that often finds itself in humorous situations while trying to get its owner's attention. Now, Simon's Cat has entered the crypto world with its own official meme token on BNB Chain, allowing fans and crypto enthusiasts to connect with the brand in a new and innovative way. Simon’s Cat will receive $50,000 in LP support.&nbsp;
Several key criteria were followed to select the winner of the second phase of the Meme Heroes support program. Projects were required to lock 100% of their LP liquidity for at least one year or transfer it to a null address. They also needed to contribute 10% of their total token supply to the LP. Ownership distribution was another factor, with the top 10 externally owned accounts (EOAs) required to hold less than 10% of the total supply, and stakeholders were encouraged to lock or vest their funds over time. Additionally, projects had to verify their token source code on BscScan or undergo a security audit. Final decisions also considered trading volume, number of token holders, and market capitalization. Based on this, CoCo Coin and Simon’s Cat stood out during the course of the competition.
BNB Chain recognizes the important role memecoins play in onboarding newcomers to Web3, aligning with its core mission to bring the next billion users into the space. Through initiatives like Meme Heroes, BNB Chain is providing essential support to memecoin projects that demonstrate real utility, helping them achieve their business goals.&nbsp;
For more information and to learn more, users can visit <a href="https://www.bnbchain.org/en/blog/announcing-the-winner-of-the-bnb-chain-meme-heroes-support-program" rel="noopener noreferrer nofollow" target="_blank">here.</a>
About BNB Chain
<a href="https://www.bnbchain.org/en" rel="noopener noreferrer nofollow" target="_blank">BNB Chain</a> is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:
<ul>
 <li><a href="https://www.bnbchain.org/en/bnb-smart-chain" rel="noopener noreferrer nofollow" target="_blank">BNB Smart Chain (BSC)</a>: A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.&nbsp;</li>
 <li><a href="https://opbnb.bnbchain.org/en" rel="noopener noreferrer nofollow" target="_blank">opBNB</a>: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.</li>
 <li><a href="https://greenfield.bnbchain.org/en" rel="noopener noreferrer nofollow" target="_blank">BNB Greenfield</a>: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.</li>
</ul>
Setting a high bar for security, the <a href="https://www.avengerdao.org/" rel="noopener noreferrer nofollow" target="_blank">AvengerDAO</a> community protects BNB Chain users while <a href="https://dappbay.bnbchain.org/red-alarm/dapp" rel="noopener noreferrer nofollow" target="_blank">Red Alarm</a> provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its <a href="https://www.bnbchain.org/en/developers/developer-programs" rel="noopener noreferrer nofollow" target="_blank">Builder Support Program</a>.
For more, users can follow BNB Chain on <a href="https://twitter.com/BNBCHAIN" rel="noopener noreferrer nofollow" target="_blank">X</a> or start exploring via the <a href="https://dappbay.bnbchain.org/" rel="noopener noreferrer nofollow" target="_blank">Dapp library</a>. 
<h5>Contact</h5>BNB Chain press@bnbchain.org 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

BNB Chain Announces Recipient of BNB Chain Meme Heroes LP Support (11 Sep)

Chainwire

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