Cryptocurrency exchange Binance has announced the launch of its second project on the Binance Airdrops Portal, Thena (THE), a decentralized exchange (DEX) and liquidity layer built on BNB Chain and opBNB.
Users who subscribed to Binance’s Simple Earn Flexible or Locked products between 00:00 UTC on November 6th and 23:59 UTC on November 13th will be eligible for the airdrop distribution.
The THE Token HODLer Airdrops page is expected to be available within 12 hours, with the new token being distributed to users’ Spot Wallets one hour before trading begins. Binance will list THE at 10:00 UTC on November 27th and open trading pairs for THE-BTC, THE-USDT, THE-BNB, THE-FDUSD, and THE-TRY. THE will be tagged with the seed label.
The total supply of THE is 206,863,770 tokens, with a maximum token supply of 310 million. The HODLer Airdrops Token Rewards will total 21.75 million THE, representing 7% of the maximum token supply.
THE is a BEP-20 utility token within the Thena protocol. The token’s emissions serve two key purposes: to ensure adequate liquidity for optimal trading conditions, with THE emitted as farming rewards to incentivize liquidity, and to promote decentralized governance, as THE can be used to participate in decision-making for the platform’s continuous development. The long-term goal is to achieve full decentralization.
Thena acts as a trading hub and liquidity layer on BNB Chain and opBNB, offering a wide range of services. These include a Spot DEX, which enables users to swap, acquire digital assets, and generate passive income, and a Perpetuals DEX, where users can trade over 270 cryptocurrency pairs with leverage of up to 60x. Thena also features Alpha, a platform for trading competitions that provides a gamified experience and growth hacking tools for Thena’s partners, and an upcoming Launchpad called Warp.
What Is Binance HODLer Airdrops Program?
This program is designed to reward BNB holders with token airdrops, which are based on historical snapshots of their BNB balances. Users who subscribe their BNB to Simple Earn Flexible or Locked products become automatically eligible for the HODLer Airdrops.
Unlike other earning methods that require ongoing actions, the HODLer Airdrops offer retroactive rewards, providing a straightforward way for users to earn additional tokens. By subscribing BNB to Simple Earn products, users can automatically qualify for these token rewards without needing to take further action.
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