Binance's Major Airdrop for HODLers: How to Prepare and Participate
Preparation Steps:
1. **Hold BNB:** Ensure you have a certain amount of BNB in your Binance account.
2. **Access the Earn Coin Platform:** Log in to your Binance account and navigate to the "Wealth Management" page.
3. **Search for BNB Products:** On the Wealth Management page, look for fixed-term or current products related to BNB.
4. **Subscribe to Products:** Choose the fixed-term or current product that fits your needs and use BNB to subscribe.
**Snapshot Mechanism:**
- **Random Snapshots:** Binance will randomly take multiple snapshots of users' BNB holdings every hour to calculate the average hourly BNB holdings in the Earn Coin products.
- **Continuous Holding:** Since the snapshot times are random, you need to continuously hold BNB to ensure your holdings are recorded.
- **Historical Snapshot Reference:** For example, the calculation of the HODLer airdrop reward on June 11, 2024, might use snapshot data from June 1, 2024, to June 7, 2024.
**Wait for the Announcement:**
- Binance will release an announcement before the HODLer new token airdrop begins. Keep an eye on Binance's announcements to avoid missing any important information.
**Receive Rewards:**
- **Airdrop Rewards:** Eligible users will receive airdrop rewards in their spot wallets within 24 hours after the HODLer airdrop is announced.