BNB Chain Acquires TaggerAI Tokens to Expand Incentive Program

BNB Chain Expands Incentive Program

BNB Chain has expanded its $100 million incentive program by acquiring over 40 million TAG tokens from TaggerAI for $25,000. This purchase is part of an upgraded incentive strategy aimed at fostering innovation and adoption within the BNB Chain network. The program, initially piloted last year, underwent revisions based on community feedback and the need for more effective traction and growth. The upgraded program now features direct token acquisition from projects with market caps above $1 million, daily trading volumes of at least $200,000, and active user engagement. Additionally, token acquisitions are extended to protocols with robust Total Value Locked (TVL) metrics and those that meet the program’s security requirements.

Integration of TaggerAI into BNB Chain Ecosystem

TaggerAI, the latest addition to the BNB Chain ecosystem, was launched in December last year as a full-stack decentralized AI data solutions platform. It leverages blockchain technology to crowdsource, authenticate, and trade high-quality labeled datasets across various industries using an open, permissionless workforce model. The acquisition of TAG tokens follows earlier purchases made under the revamped program, including investments into FAIR3 and BGSC, as well as previous rounds involving SKYAI, AIOT, TST, Broccoli, and Mubarak. This strategic move by BNB Chain is aimed at integrating artificial intelligence capabilities into its infrastructure, enhancing its functionality and appeal to developers and users. By investing in TaggerAI, BNB Chain demonstrates its commitment to staying at the forefront of technological advancements and providing a robust platform for decentralized applications. This expansion of the incentive program is expected to attract more developers and projects to the BNB Chain, further solidifying its position as a leading blockchain infrastructure. The integration of AI through TaggerAI is a significant step towards creating a more intelligent and efficient blockchain ecosystem, which could drive future growth and innovation within the industry.