Binance has announced support for the Pepper (1000PEPPER) AirDrop for Chiliz (CHZ) holders. Users will have the opportunity to participate in the AirDrop through four separate snapshots taken on specific days. Those with CHZ balances above a set threshold during this process will be eligible to earn 1000PEPPER tokens.
AirDrop Details and Scheduling
The first snapshot will take place on October 10, 2024, followed by the second on October 17, the third on October 24, and the final on October 31, 2024. Users with less than 100 CHZ in these snapshots will not be eligible for the AirDrop. Additionally, CHZ tokens involved in open buy/sell orders or in the process of transferring will not be counted.
According to the AirDrop distribution ratio, for every 1 CHZ held, users will receive 150 1000PEPPER tokens. Binance will meet the technical requirements for participants and users will not need to take any action during the AirDrop process.
AirDrop Participation Conditions and Distribution Process
During the snapshot, CHZ balances on various wallets, including Spot Wallet, Funding Wallet, Margin Wallet, Simple Earn Flexible Accounts, Flexible Credit, and VIP Credit Accounts, will be considered. However, CHZ coins from USDⓈ-Margin Futures Accounts and coins borrowed or used as credit will not be included in the AirDrop.
Borrowed or lent CHZ will also not be counted. Users with a net CHZ debt in their Margin, Credit, or VIP Credit accounts will need to repay the 1000PEPPER received through the AirDrop. Once all four distributions are complete, Binance will distribute 1000PEPPER tokens to users in a single batch and will notify them via a new announcement.
Listing of the 1000PEPPER token on Binance will go through the exchange’s standard listing review process, meaning that participating in the AirDrop does not guarantee listing. Furthermore, users must complete account verification (KYC) and be located in a compliant jurisdiction.
Binance added that CHZ token deposits and withdrawals will not be affected during the AirDrop and services such as spot, margin, and futures trading will continue without interruption.
