Binance’s CZ Backs Weekly Winners While BNB Chain Fixes Rankings

• CZ commits to injecting BNB liquidity into weekly winners, reinforcing the BNB Chain ecosystem and supporting blockchain sustainability.
• BNB Chain revised its Meme $4.4M Liquidity Program rankings after a snapshot error, ensuring fair distribution of liquidity rewards.
• CZ seeks community input on handling his 150 BNB donation, highlighting Binance’s efforts to involve users in key decision-making.

Binance founder CZ has committed to injecting BNB liquidity into weekly winners on the BNB Chain. This move aims to bolster the ecosystem by ensuring ongoing support. Additionally, the BNB Chain team has adjusted rankings for its Meme $4.4M Liquidity Pool Support Program due to a snapshot delay. As a result, Siren advanced to Tier 2, while Perry moved down to Tier 3.

CZ’s Liquidity Plan and Token Handling

CZ announced his plan to provide liquidity to BNB Chain weekly winners until all allocated funds deplete. His initiative aligns with Binance’s broader strategy to reinforce blockchain sustainability. Moreover, he addressed concerns about unsolicited token transfers, emphasizing that he will not engage in returning or endorsing any tokens sent to his wallet. Instead, he may burn or leave them untouched, avoiding unnecessary work.

Besides, CZ considered selling them for BNB, similar to Vitalik Buterin’s past approach. However, he decided against it, fearing market impact. He maintains the right to alter his plans at any time.

BNB Chain Adjusts Meme Liquidity Program Rankings

The BNB Chain team revised its Meme $4.4M Liquidity Pool Support Program rankings due to a data snapshot error. Initially, Perry was in Tier 2, while Siren was in Tier 3. However, after a correction, Siren secured the Tier 2 position. Consequently, both projects received $400,000 in liquidity rewards. TST maintained its Tier 3 ranking, reinforcing transparency.

The rankings excluded wash-traded tokens to ensure fairness. Additionally, projects failing to meet benchmarks were removed. This meticulous approach highlights BNB Chain’s commitment to integrity and fairness in token competitions.

CZ also revealed that his donation of 150 BNB had received over $1 million in return. Seeking community input, he asked for suggestions on handling the funds. Options include adding to an LP pool, airdropping, donating to charity, or burning. His engagement signifies a broader effort to involve the community in decision-making.