Apologizing for a problem with the listing of Puddy Penguins ($PENGU ), Binance announced an airdrop distribution to users who trade with certain privileges.
The world-famous NFT collection Puddy Penguins was listed on many exchanges after the airdrop event. The popular crypto project started trading on Binance at 11:30 on the day it was developed. Binance's listing of #PENGU victimized investors due to a problem with the exchange's data transactions.
Binance made a statement about the victimization in question. The exchange used the following statements;
“Binance apologized for the inconveniences experienced by its users. In addition to conducting a review with our data provider, Binance will implement measures to prevent similar problems, including alternative and multiple data sources research.”
The exchange announced the expansion of a large airdrop to limited users.
Binance made a statement for PENGU
Binance made statements regarding the data problem that occurred in the first half hour of PENGU's listing. Binance continuously showed PENGU's market value 10 times lower than the current value for half an hour a day. PENGU, which saw a $3.5 billion trade, was reflected as $350 million on Binance. This situation caused the liquid to burn.
Binance, which clarified the problem, made a statement as follows;
“Due to the delay in the token information update for Pudgy Penguins (PENGU) by our data provider CoinMarketCap, the market cap and fully allocated valuation (FDV) data for the project were not updated in a timely manner after it was listed on Binance Spot. Binance notified the CMC team upon discovery of the issue, and CMC quickly restored the crash.”
The exchange announced the airdrop training of PENGU slots collected on spot between 14:00 on December 17 and 14:37 on December 17. Binance will airdrop 135 million PENGU to those who traded during the time period when CMC displayed incorrect market cap data.
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