Members of a community supporting a Broccoli memecoin on the BNB Chain are expressing their anger over what they perceive as an unfair loss in the network’s liquidity support initiative.
The BNB Chain Meme Liquidity Support Program, which launched on February 18, provides $200,000 in permanent liquidity to the top memecoins on the chain. However, a dispute arose on February 19 — just a day into the competition — when two memecoins, both named after the dog of Binance founder Changpeng Zhao, faced off.
Ultimately, the Broccoli token associated with the address ending in “714” was declared the winner over the one that concludes with “F2B.” Still, supporters of the F2B token argue that the outcome is questionable.
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F2B Broccoli community examines the scoring
According to the official leaderboard, both tokens received a daily score of 5.7, where a lower score is better. Competition rules state that in the event of a tie, trading volume is used as a tiebreaker, and the 714 token had a higher trading volume.
Ranking on February 19 for the BNB Chain’s meme liquidity competition.
However, the F2B community has launched an investigation questioning whether the 714 token truly earned its victory.
In a video released by the F2B supporters analyzing backend data, their “BROCCOLI” token, displayed in all caps, appeared to have the highest calculated daily score.
Community members noted their token was publicly ranked second despite being first in backend data.
They proceeded to review the backend data for the 714 token, which had a daily score of 5.700000000000001 and was ranked second overall.
The competing Broccoli token ranked second based on backend data.
In addition, the F2B community attempted to compute the scores independently based on the formula outlined by the BNB Chain in early communication, which read:
“Score = (Market Cap Rank × 30%) + (24h Price Change Rank × 20%) + (24h Volume Rank × 50%)”
Applying this formula, F2B seemed to have a definitive advantage with a score of 5.5 compared to 5.9 for the 714 token.
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BNB Chain insists scoring is accurate
Responding to the community’s concerns, BNB Chain provided a detailed explanation, stating that the community’s calculations were based on outdated metrics. The actual scoring formula employed is as follows:
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init_price_change_rank
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market_cap_rank
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acc_volume_rank
They noted that the community used “percent_change_24h_rank” and “volume_24h_rank,” which are no longer valid. When recalculated using the updated formula, both tokens scored 5.7, validating the official tiebreaker of trading volume, according to BNB Chain. This clarification stated that the deprecated metrics were removed to prevent community miscalculations as of February 21.
BNB Chain clarified that the community relied on metrics not included in the official scoring formula.
BNB Chain also addressed the concerns regarding the extremely precise score of 5.70000001, explaining it resulted from floating-point discrepancies under the IEEE 754 standard and had no implication for the actual score.
Despite this clarification, many in the F2B community remain skeptical, asserting that the rules lacked clarity and changed during the competition.
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