Binance has unveiled the first project on its airdrop portal – the Banana Gun (BANANA) token. The initiative aims to provide more trading opportunities for Binance users with the inclusion of the small digital currency on the platform.
Starting from June 23, 2024, at 03:00 AM, Riyadh time, to July 5, 2024, at 02:59 AM, Riyadh time, Binance customers who subscribe to Simple Earn products using their BNB tokens will be able to qualify for a Banana token airdrop. .
Furthermore, Binance plans to list the Banana coin on July 20, 2024, at 12:00 PM KSA time. The digital currency will be available for trading in several pairs: BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY.
Binance's HODLer Airdrops program also plays a crucial role in this development. This program rewards BNB token holders with token distributions based on historical snapshots of their account balances. Unlike traditional airdrop methods that require ongoing participation, HODLer Airdrops provides retroactive rewards, simplifying the process for users.
Following the Binance announcement, the value of the Banana coin rose by more than 26% in the past 24 hours. Currently, it is trading at $72.85, with a market cap of $174.8 million. Since the beginning of the year, the price of Banan has increased by more than 550%.