Nfts
Binance Launches HODLer Airdrops Program for BNB Token Holders
Quick take:
- The tokens will primarily come from small and medium-sized projects with strong fundamentals, a large circulating supply, and strong, organic communities, the exchange said.
- To be eligible for the HODLer Airdrops program, users must hold BNB and be subscribed to its Simple Earn program.
- The tokens will be offered to users in eligible jurisdictions, which Binance did not list in the announcement.
Binance has launched the HODLer Airdrops program, designed to reward BNB token holders with early access to tokens with a large circulating supply before they launch on its platform.
To be eligible for the program, users must first subscribe to the exchange company’s Simple Earn program and be from authorized jurisdictions. The company did not provide a list of countries or regions of residence where the program will be offered.
Binance said it will release an announcement before the start of a HODLer Airdrops of new token.
Explaining how the token airdrop program and allocations will work, the leading cryptocurrency exchange wrote in a statement. statement: “Snapshots of user balances and total pool balances will be taken multiple times at any time every hour to obtain average hourly user balances in Simple Earn products (flexible and/or locked). Binance will use historical snapshots of user balances at random periods following this announcement to calculate user rewards.
HODLer Airdrops will be deposited into BNB holders’ Spot Wallets within 24 hours of the airdrop announcement, the company said, adding that a strict BNB holding calculation limit per user will be announced in each HODLer announcement Airdrop.
“For example, if a user holds 203 BNB and the holding calculation limit is 200 BNB. Binance will only use 200 BNB to calculate their total rewards,” explains Binance.
By the time the tokens are listed on Binance Spot, the airdropped tokens will have already been deposited into users’ Spot wallets.
The company also stated that BNB Simple Earn assets secured by Binance Loans (flexible rate) are not eligible for HODLer Airdrops rewards.
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