DeFi

Coin

Dubai, UAE, October 8th, 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://www.footprint.network/research/chain/featured-dashboards/chain-comparison?series_date=past180days~&amp;chains=Ethereum&amp;chains=BNB%20Chain&amp;chains=TON&amp;chains=Tron&amp;chains=Base&amp;chains=Solana&amp;chains=Blast&amp;chains=Arbitrum&amp;chains=Optimism&amp;chains=Avalanche" rel="noopener noreferrer nofollow" target="_blank">world’s largest smart contract blockchain by daily active users (DAU)</a>, has announced the latest winner from the third round 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” LP support 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 CoCo Coin ($COCO) as part of the Meme Innovation program.&nbsp;&nbsp;
<a href="https://www.cococoin.tech/" rel="noopener noreferrer nofollow" target="_blank">CoCo Coin</a> ($COCO) is a SocialFi blockchain project built on BNB Smart Chain, designed to create a social ecosystem through varying crypto investment opportunities and social media interactions. CoCo Coin stands out for its airdrop events, which have helped cultivate a strong and active community. <a href="https://www.cococoin.tech/" rel="noopener noreferrer nofollow" target="_blank">CoCo Coin</a> will receive $50,000 in LP support.&nbsp;
The selection process for the third phase of the Meme Heroes support program adhered to several stringent criteria. Projects were required to lock 100% of their LP liquidity for a minimum of one year or transfer it to a null address. Additionally, they needed to allocate 10% of their total token supply to the LP. Ownership distribution was also a key factor, with the top 10 externally owned accounts (EOAs) needing to hold less than 10% of the total supply. Stakeholders were encouraged to lock or vest their funds over time. Furthermore, projects had to verify their token source code on BscScan or undergo a security audit. Other considerations included trading volume, number of token holders, and market capitalization.
BNB Chain acknowledges the role memecoins play in introducing new users to Web3, aligning with its mission to onboard the next billion users into the space. Through the Meme Heroes initiative, BNB Chain is committed to supporting memecoin projects that offer utility, and help them achieve their business goals.&nbsp;
For more information and to learn more, readers can visit here.
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 opportunities for 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, readers 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 
The post <a href="https://www.ethnews.com/bnb-chain-announces-coco-coin-coco-as-latest-winner-of-meme-heroes-lp-support-program/" rel="noopener noreferrer nofollow">BNB Chain Announces CoCo Coin ($COCO) as Latest Winner of Meme Heroes LP Support Program</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

BNB Chain Announces CoCo Coin ($COCO) as Latest Winner of Meme Heroes LP Support Program

ETHNews

Other articles published on Oct 8, 2024

Ethereum (ETH) Struggles to Break $2.5K Amid Bearish Dominance

MoonBag: The Cosmic Crypto Presale That’s Skyrocketing to 15,000% ROI

Len Sassaman Leads Polymarket Odds for Satoshi in HBO Documentary

Weekly Article Recap: 9/23-9/27

Biggest Attack on Ethereum (ETH) Decentralization Gone?

Could China’s Influence Push Bitcoin to $77K As Exchange Inflows Hit Record Low?

Join our free newsletter for daily crypto updates!