The popular crypto exchange Binance is planning to reward its loyal BNB holders with an upcoming airdrop named HODLer Airdops.
In a press release shared with Coinspeaker, Binance stated that the program is exclusively intended for BNB (BNB price data) holders and not for the general public.
Before these projects are listed on Binance for trading, eligible users will receive airdrops from various projects of varying quantities at random. This action aims to grant early access to new and promising initiatives before they are made available to the general public.
Early Access to Exciting Projects
Users will be appropriately compensated for their contributions by the HODLer Airdrops program, which will acknowledge their prior actions. This is to guarantee that all BNB proprietors are treated equally and fairly.
The program will be advantageous to both the project’s developers and BNB holders, as it will assist them in expanding their audience. At the same time, the bearers will receive additional tokens as a reward for their loyalty.
Binance has a global user base of more than 200 million registered consumers. The new achievement is an “embodiment of the trust that the crypto community and industry players continue to have in the Binance ecosystem,” announced by the company’s new CEO, Richard Teng, last week.
Nevertheless, it is crucial to acknowledge that not all 200 million users will be eligible for the HODLer Airdrops initiative. Binance disclosed in June 2023 that the platform has approximately 1.9 million BNB holders.
The company even forecasted that the numbers could “grow significantly” between 2023 and 2030 as more users become accustomed to the digital asset.
Participation Requires a Subscription
Only those who subscribe their BNB to Simple Earn Flexible or Locked Products will be eligible for the program, despite the substantial number of BNB holders.
Binance advises users to subscribe to either of these product offerings to participate in the HODLer Airdrop initiative. Those who have already subscribed their BNB to Simple Earn products receive rewards from their yields.
Before allocating the airdrops, the exchange will capture snapshots of the balances of users’ wallets. Binance stated that the samples will be randomly taken on Wednesday, June 19, 2024.
Qualified users will receive their tokens immediately in their wallets within 24 hours after an airdrop is announced and a snapshot is completed.
“Qualified users will receive their tokens in their Spot Wallets within 24 hours of announcing a HODLer Airdrop.” “The tokens distributed through this program will originate from small to medium-sized projects scheduled to be listed on Binance,” Binance stated.