Big Brother: NO MEME! Meme players: STOP!

Big Brother: $the is rising! Crypto players: Don’t stop!

Return to a representative work. The upcoming applications on the BNB chain, memes may have a great opportunity. The just the beginning. Why? You will know by reading the end of the article.

Since Binance announced the HODLer airdrop, $THE has already increased tenfold. Everyone should have been impressed by the rise of the newly listed $THE coin.

This is a project on the BSC chain, and recently it was given away (airdrop) to BNB holders. Let's take a look at the advantages of Binance's operation this time and some information about this project.

Why does BN want to give away THE tokens for free to BNB holders?

This airdrop was given to those who stored BNB in Binance's Simple Earn wealth management. The airdrop certainly reached many people, as almost everyone holding BNB would have deposits in Simple Earn. Just think about how many people hold BNB, this major mainstream coin. Therefore, it can be judged that many people received the THE coin.

The benefits are multifaceted:

1. BN users/BNB holders are winning immensely.

2. It reflects the value of holding BNB, encouraging holders to hold firmly and attracting new holders.

3. Originally, THE holders are winning immensely, with a rise of 48 times.

4. Huge traffic: There are suddenly more holders, and these holders are potential participants in the secondary market, which will bring liquidity to the asset. This increases its price support.

About this project

Thena is a decentralized exchange on the BNB chain that combines protocol-driven liquidity with community-driven liquidity through its Liquidity Hub model, creating a win-win situation for users and the ecosystem.

Why Thena?

1. Innovative liquidity model

Thena solves the liquidity gap problem of traditional decentralized exchanges through a liquidity self-sustainability model. This model encourages long-term capital retention by introducing protocol reward mechanisms and liquidity token incentives, while optimizing trading slippage and yield.

2. Strong token economic model

Thena's native token THE adopts a dynamic supply mechanism, incentivizing users to hold through lock-up rewards and voting rights. At the same time, governance features ensure that the community has real control over the direction of protocol development.

3. A dual-driven approach by technology and community

Thena's codebase is completely open-source, ensuring transparency, while active community participation further drives the development of the protocol. Through strong partnerships and a continuously expanding ecosystem, Thena is attracting more and more users and developers to join.

Thena is a product on the BNB chain that benchmarks against aerodrome, as both highlight the ve(3,3) model. Currently, Thena has reached the 98th Epoch, and although the TVL is not as high as it was at the beginning, trading volume has increased significantly.

Lock-up data on Dune shows that there are already 129,856,011 veTHE. The protocol fees and total bribery amount have both exceeded 10 million, which is indeed undervalued compared to the previous market cap of several tens of millions, but at this position, aside from value recovery, part of it is also due to favorable news of listing coins on Binance and market sentiment.

If you didn't participate in the 3U buy-in airdrop and see it at 5U now, the market is moving very steadily, and there is indeed a great opportunity to reach that.

Not only THE, but also BSC ecosystem concept coins are surging, and netizens interpret "tech guy" CZ will strongly support BNBChain.

$THE , up 1828%, currently priced at $3.2;

CAKE, up 21%;

LISTA, up 19.8%;

XVS, up 12%;

BNB, up 6%.

BSC chain application project coins are surging, possibly related to CZ's Twitter post last night, where he mentioned that BNBChain's Greenfield could provide storage capacity for AI, and stated: "We still need to build more tools; let’s build them."

Thus, this has been interpreted by social media, especially KOLs, as CZ will focus on building BNBChain as a priority in his upcoming work.

For example, Chen JianJason previously predicted: After CZ goes to jail, the platform will fully contract and focus on improving the exchange. As a captain with a programming background, CZ still has feelings for technology. With CZ's release from prison next month, BSC may once again be prioritized and make some noise.

@WutalkWu said that the agreement with the United States does not allow CZ to participate in the management of BN, but is it possible for CZ to mainly work on BNBChain? It is said that there were such plans before, which likely falls into a gray area. If CZ fully commits to BNBChain and invests his personal funds in BNBChain projects, it seems like a good choice.

How to participate?

Go to Binance's [Wealth Management] page and search for BNB

Use BNB holdings to subscribe to the earning platform products (fixed and/or flexible); BNB will take multiple random snapshots every hour of users' BNB holdings and the total pool holdings to calculate users' average holdings in the earning platform products (flexible and/or fixed) on an hourly basis.

BNB will calculate user rewards through historical snapshots of users' BNB holdings at random times after this announcement is released;

For example: The calculation of HODLer airdrop rewards on June 11, 2024, may use the snapshot of users' BNB holdings during the period from June 1, 2024, to June 7, 2024, as a reference.

Eligible users will receive HODLer airdrop rewards in their spot wallets within 24 hours after the announcement of the HODLer airdrop.

Eligible BNB holders can check the airdrop amount in their spot wallets: https://binance.com/zh-CN/airdrop