Binance launches airdrop program for BNB holders
When users participate in Simple Earn with BNB, they will be airdropped tokens from projects about to be listed on Binance, thereby increasing the value of the exchange's cryptocurrency.
Binance launches airdrop program for BNB holders
On the evening of June 19, 2024, the Binance cryptocurrency exchange announced the launch of an airdrop program exclusively for BNB token holders called "HODLER AIRDROPS".
Specifically, when users participate in Simple Earn with BNB, they will be airdropped tokens from projects with large circulating supply and about to be listed on Binance if they meet the following conditions:
Join Simple Earn with BNB (available for both Flexible and/or Fixed).
Binance will take snapshots of the BNB balance in the account multiple times at random times to calculate distributed token rewards.
The more BNB you hold, the larger the airdrop you receive, but there is a maximum amount limit depending on each project that will be announced later.
The amount of BNB deposited in Simple Earn will still count towards both Binance Launchpool and Megadrop.
The airdrop tokens will be deposited into the user's Spot account within 24 hours after Binance takes a snapshot of the BNB balance and allocation pool.
Must complete account verification (KYC) and be from an eligible jurisdiction to participate in "HODLER AIRDROPS".
It can be seen that Binance is trying to bring more trendy products to users to increase traffic and volume of the exchange, this is happening more quickly after they lost founder Changpeng Zhao (CZ) because agreement worth 4.3 billion USD that the US Department of Justice (DOJ) launched in November 2023.
Since new CEO Richard Teng took charge, Binance has had many new products as well as changes in operating strategy, including:
Futures NEXT - Futures token prediction platform about to be listed on the exchange;
Binance Megadrop - New token issuance platform;
"Spot Copy Trading" - A feature that allows Binance users to copy and automatically execute trading orders of qualified professional investors (Pro Traders).
Established the Board of Directors for the first time in its 7-year history;
Change token listing standards;
Separating the operations of Binance Labs investment and incubation fund from Binance Group;
Convert all cryptocurrency assets in the SAFU fund to USDC, thereby earning an additional profit of 900 million USD.
Publicly "call" for "small and medium" projects to apply for token listing.
This is also completely consistent with new CEO Richard Teng's desire to "normalize" the exchange.
