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BNB Chain's $100 million incentive program has been fully upgraded to directly purchase tokens to support ecological development

ChainCatcher news, BNB Chain's 100 million USD plan, after a 3-week trial of "rewards liquidity upon listing," is now launching a "direct token purchase" mechanism based on community feedback, to support the development of ecological projects in a more comprehensive and direct way.This plan targets native assets of BNB Chain or cross-chain assets, with projects in various tracks that meet the following on-chain data and security requirements having the opportunity to receive at least a single purchase of 100,000 USD.For transaction-driven assets: Market capitalization ≥ 1 million USD; Daily average traders ≥ 300; Daily average trading volume ≥ 200,000 USD.For TVL-driven assets: Total Value Locked (TVL) ≥ 20 million USD; with protocol TVL growth as the core evaluation criterion.Security requirements: The top 10 external account (EOA) holdings must not exceed 10% of the total supply (excluding CEX and wallets related to Zhao Changpeng); projects must complete contract verification on BscScan or pass a security audit, as well as undergo multiple risk assessments.The BNB Chain Foundation will select targets from the pool of qualified projects, purchasing through the foundation's wallet address, with purchase timing being random, and transactions will be announced through official accounts after completion. The BNB Chain Foundation acquisition address is 0x511DfE9E248c887E32ca8bF9d1cb76f101965060.The upgraded 100 million USD incentive plan reflects BNB Chain's steadfast commitment to continuously support builders and create long-term value for the ecosystem during market fluctuations.

Analyst: The true bottom for Bitcoin may appear after a "capitulation sell-off," with $65,000 being a key mean support

ChainCatcher news, according to CoinDesk, although the possibility of a bottom having already formed cannot be ruled out, on-chain analyst James Check stated that the true bottom may only appear after Bitcoin experiences a real "capitulation sell-off" event.James Check indicated that this could mean Bitcoin needs to drop to around the $65,000 area, which he refers to as the "true market average," or the average cost basis of active investors. Once it falls to this level, the average investor may begin to feel the pressure of unrealized losses, and even those long-term holders who have held their coins for five years may face a "being trapped" situation. Michael Saylor's Strategy has an average Bitcoin cost basis of about $67,500.Although Check expects a significant drop from the $65,000 area, he believes there is strong support between $49,000 and $50,000. This price range represents both the launch price for Bitcoin spot ETFs in 2024 and symbolizes a critical threshold for Bitcoin's $1 trillion market cap. He stated that unless a global economic recession occurs, the likelihood of Bitcoin dropping to $40,000 is low. In 2024, Bitcoin has undergone a long period of "chopsolidation" phase—where the price has remained within a wide fluctuation range of $50,000 to $70,000 for several months, establishing a solid support foundation for the market.
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