Binance launches HODLer airdrops
Binance is set to unveil an exclusive initiative termed HODLer Airdrops, targeting BNB asset holders who are participants in its Simple Earn yield-generating scheme. This program is designed to benefit users with tokens from soon-to-be listed projects boasting significant circulating token supplies.
In Binance’s recent proclamation, the objective of this program is to attract engagement from emerging projects characterized by robust fundamentals, considerable circulating supplies, and vibrant, organic communities. Specific details regarding token allocation for each HODLer Airdrop will be communicated through announcements preceding each event.
To determine the allocation of rewards, Binance will conduct periodic snapshots of both individual user balances and the overall pool balances within the Simple Earn products, averaging these hourly. Rewards calculation will also incorporate random historical snapshots of user balances over specific periods. For instance, the reward determination for an airdrop scheduled on June 11, 2024, might include snapshots from June 1 to June 7, 2024.
Beneficiaries of the airdrop will find their rewards deposited in their Spot Wallets no later than 24 hours following the airdrop’s official announcement. To be eligible, participants are required to undergo account verification (KYC) and reside in a jurisdiction that permits participation. Each airdrop will specify a maximum limit for BNB holdings per user. In addition, sub-account balances will be recorded independently of the primary account.
Ahead of their official listing on Binance Spot, airdropped tokens will be credited to the user’s Spot Wallet. In scenarios where there are several airdrops occurring at the same time, the allocation of a user’s BNB holdings in the Simple Earn products will default to those projects, unless directed otherwise.
It's important to note that BNB used as collateral in Binance Loans (Flexible Rate) will not qualify for airdrop rewards. Nevertheless, subscription to Simple Earn products ensures users continue to enjoy standard benefits associated with BNB, such as eligibility for Launchpool and Megadrop events.
