BNB Chain Founder Changpeng Zhao Announces Liquidity Support Program for Weekly Winners

Former Binance CEO Changpeng Zhao has announced plans to support the BNB Chain ecosystem by providing liquidity to weekly program winners

Changpeng Zhao, the former CEO of Binance, has announced plans to support the BNB Chain ecosystem by providing liquidity to weekly program winners.

Zhao made the announcement on X on Feb. 28, where he stated that he will be adding “a few hundred BNB (BNB) in liquidity” to the BNB Chain weekly program winners until his allocated funds are depleted. He noted that the program administrators will likely expand eligibility beyond meme tokens to include larger market cap projects and additional sectors.

From this address 👇, I will add a few hundred BNB in liquidity to the BNBChain weekly program winners until no funds are left. This helps the BNB ecosystem.They will likely adjust the rules to accommodate larger cap tokens and cover more sectors (not just… https://t.co/6m3nzsbBxl

The initiative aligns with the BNB Chain Meme Liquidity Program launched on Feb. 18.

This program highlights top meme coins by adding permanent BNB liquidity to winning projects’ pools from the BNB Chain Foundation’s wallet.

Announcing the BNB Chain Meme Liquidity Program. Each week, we will be adding permanent BNB liquidity to the winning projects' pools from the BNB Chain Foundation's wallet. The goal is to support the BNB Chain ecosystem in a meaningful way.1/4We will be selecting the top meme coins on BNB Chain based on community vote and other factors. The program is open to all meme coins that are natively launched on BSC through SpringBoard by PancakeSwap or the following platforms: Four.memeBurveGra.FunPinkSFlapTokenFITokens will be…

The program aims to support the BNB Chain ecosystem by providing liquidity to promising projects. It is open to all meme coins that are natively launched on BSC through SpringBoard by PancakeSwap or the following platforms: Four.meme, Burve, Gra.Fun, PinkSale, Flap, TokenFi, Beeper, HoloworldAI.

Tokens must also have a minter that is able to add the liquidity and a complete project.

Zhao also took the opportunity to address those who have been sending tokens to his address in the hope of gaining his attention.

“If you send funds to this address with the expectation that I will send them back so that you have a linked transaction or interaction with me, then you are greedy,” he stated.

The former exchange head went on to explain that returning such tokens would create unnecessary work and encourage more opportunistic sends. Instead, Zhao plans to either leave the tokens untouched or burn them. “I will not endorse any tokens,” he emphasized.

Zhao had also briefly considered converting received tokens to BNB, similar to Ethereum founder Vitalik Buterin’s approach with unsolicited token sends. But he ultimately abandoned this idea after considering the market impact on existing holders and the additional effort it would entail.

“I typically choose the least amount of work,” Zhao noted.

The statement comes as Zhao continues his limited participation in crypto markets while serving a four-month prison sentence for money laundering violations.

Despite his limited time on the outside, Zhao has maintained a surprisingly active social media presence and regularly comments on market conditions or new developments in the industry.

Recently, Zhao took to X to share his thoughts on investors' reactions to market dips.

Dips are a part of free markets. 🤷‍♂️Not financial advice.If you are stressed about it, you probably should reduce your investment size. (That is, if you view crypto as an investment.) For me, it's a worldview shift. I exited the old world 11 years ago.

The former exchange head is currently on a 120-day community service sentence for offenses related to his role in the early days of Binance.

Zhao resigned as Binance CEO in November 2023. He is succeeded by Richard Teng.