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The BNB Chain ecosystem is thrilled to unveil the winner of the third phase of our “Meme Heroes” support program—CoCo Coin (COCO)! We congratulate COCO for achieving this recognition and look forward to supporting its continued growth in the ecosystem.
What is CoCo Coin?
CoCo Coin is a pioneering meme coin operating on BNB Smart Chain (BSC). With a strong focus on community, CoCo uses SocialFi strategies and targeted airdrops to offer a unique experience. Inspired by the popular PEPE Frog meme, COCO blends internet humor with social engagement, connecting its diverse user base.
By tapping into the virality of memes, CoCo Coin builds an ecosystem where participation is rewarding and fun. COCO empowers its users to actively shape the coin’s growth and story through strategic community-building and innovative distribution.
Criteria for Meme Heroes Selection
The “Meme Heroes” initiative was developed to empower meme projects by providing crucial liquidity pool (LP) support, fostering growth, enhancing liquidity, and ensuring a stable trading environment for users.
During this third phase of the support program, BNB Chain has committed $900,000 in total LP support. To ensure that only the most promising and committed projects receive support, we’ve established the following selection criteria:
- Liquidity Lock: Projects must lock 100% of their LP liquidity for at least one year or send it to a null address.
- Token Supply Contribution: Projects are required to add 10% of their total token supply to the LP.
- Ownership Distribution: The top 10 externally owned accounts (EOAs) must collectively hold less than 10% of the total supply. Stakeholders are encouraged to lock or vest their funds over time.
- Security Measures: Projects must verify their token source code on BscScan or undergo a security audit.
We also take into consideration trading volume, number of token holders, and market capitalization to make our final decisions.
CoCo Coin emerged as the winner based on these criteria, showcasing not only its strong commitment to growth and security but also its innovative approach to meme-based community building.
CoCo Coin will receive $50,000 in LP support.
Why BNB Chain Supports Memecoins
BNB Chain recognizes the importance of memecoins, particularly in onboarding newcomers to the crypto world. One of our core missions is to onboard the next billion users into Web3, and memecoins play a critical role in this by leveraging widespread mainstream appeal. Programs like “Meme Heroes” ensure that memecoin projects with actual utility and potential receive the necessary support to achieve their business and community goals.
This initiative reflects BNB Chain’s commitment to fostering the next generation of successful memecoins and driving mass adoption of Web3.
For projects and developers who are building in this vertical, we invite you to connect with us and join the Meme Innovation movement. Let’s work together to shape the future of memecoins!
