Just now, @BNBCHAIN announced that they will launch a very straightforward BNB Chain ecosystem support plan — directly buying tokens.
That's right, you read that correctly. The BNB Chain Foundation's official address buys tokens on-chain with real names, and they announce it after the purchase.
Just now, the foundation has already released the address:
0x511DfE9E248c887E32ca8bF9d1cb76f101965060
@Cyrus_G3 directly referred to it as the largest smart wallet in history, keep a close watch.
When I say it's the largest smart wallet in history, I mean two things:
First, the brand is the largest, and second: the funding is the largest.
Is there anyone who wants to refute?
Some people might still be confused about what this $100 million buying plan is all about. Don't worry, listen to @Cyrus_G3 as he breaks it down for you.
1. From 'not so good' to 'super powerful' — the familiar Binance flavor is back.
Remember? In March 2025, BNB Chain launched a $100 million liquidity incentive plan aimed at enhancing ecosystem liquidity by encouraging exchanges to list native tokens of the BNB chain. At that time, everyone thought: wow, this plan sounds impressive! But reality is often less than ideal.
After three weeks of pilot testing, the BNB Chain team found that the original plan's effectiveness was a bit 'not so good.' The specifics were not elaborated by the officials, but feedback from the community indicated that the incentive methods might not have been direct enough, and project participation did not meet expectations.
Thus, the BNB Chain team demonstrated their 'divine operation': not hiding or concealing, directly acknowledging problems, and then decisively upgrading the plan!
So @BNBCHAIN directly dropped the bombshell: the $100 million incentive plan 2.0 is online — directly buying tokens! This operation is very Binance; Binance’s approach has always been steady, precise, and ruthless. If the last move doesn’t work, I’ll change to a new one immediately. The familiar Binance flavor is back.
Original announcement: https://x.com/BNBCHAIN/status/1913179758713545137
In any case, this upgrade has directly transformed BNB Chain's image from 'a bit conservative' to 'super bold.' I must say, the Binance team's operations this time are truly remarkable! It seems that @cz_binance and @heyibinance have really played a lot with memes, grasping the essence of the smart wallet. Moreover, they are going for it, directly aiming for the biggest smart wallet, bringing money and brand power to the forefront!
Predictions suggest that BNB Chain will welcome a new wave.
2. How to play with the $100 million 'smart wallet'? Rule breakdown (project parties, pay attention)
Alright, let's get to the point and take a detailed look at how this $100 million 'smart wallet' actually operates. The BNB Chain Foundation is not just throwing money around; they have established a rigorous set of rules to ensure that every penny is spent wisely. Here are the core contents of the plan, explained in the most down-to-earth way:
1. Which projects can receive funding?
Getting the BNB Chain Foundation's 'smart wallet' to spend money is not an easy task. Projects must first pass several hard indicators, divided into two categories: transaction-driven assets and TVL-driven assets. Sounds a bit complicated? Don’t worry, let’s break it down one by one:
Transaction-driven assets:
Simply put, this type of project leans towards meme projects, with specific requirements:
Market value ≥ $1 million (it needs to have some volume, not too small).
Average daily traders ≥ 300 people (there must be popularity; it can't be too quiet).
Average daily trading volume ≥ $2 million (there must be real transactions).
Market value + number of traders + trading volume, all three data points must align. Even if data manipulation is attempted, the project must have a certain level of capital strength, which is reasonable.
TVL-driven assets:
This type of project is more inclined towards DeFi protocols, with the core metric being TVL:
TVL ≥ $20 million (there must be sufficient capital accumulation).
They will also evaluate based on the growth of TVL (there must be potential, and they cannot rely on past successes).
DeFi projects that can maintain this level are considered quite good.
Safety requirements:
Total supply held by the top 10 external addresses (EOA) ≤ 10% (excluding CEX or CZ's wallets), to prevent 'whales from controlling the market.'
Smart contracts need to be verified on BscScan or through third-party security audits. Additionally, they must undergo extra risk assessments to ensure everything is foolproof.
This set of combinations effectively keeps 'low-quality projects' out.
2. How to spend the money?
Once the projects are selected, the next step is the 'spending money to buy tokens' phase, as follows:
Select the 'lucky ones' from the pool of eligible projects. The specific selection is at the discretion of the Foundation, but they promise to base it on data and fairness.
Each project must purchase a minimum of $100,000 worth of tokens; as for how much and the upper limit, it hasn't been disclosed yet, but it is expected to be flexibly adjusted based on project performance.
The purchase timing and token handling methods are determined by the Foundation; it may be batch buying or centralized buying.
After each purchase is completed, @BNBCHAIN will tweet to announce it, accepting community oversight. The Foundation's wallet address has also been made public: 0x511DfE9E248c887E32ca8bF9d1cb76f101965060, full transparency!
This process is principled, flexible, and does not forget to keep the community informed. I must say, BNB Chain's actions this time are impressive.
I think the BNB Chain's $100 million buy-buy-buy plan, regardless of the outcome, brings back the familiar Binance flavor.
In order to develop the BNB Chain ecosystem, they have indeed put in a lot of effort! Not only do they dare to try, but they also quickly adapt if the results are not good, and introduce better options. This is the Binance flavor I know, once again giving a thumbs up to @cz_binance, @heyibinance, and the @BNBCHAIN team.
