Binance has introduced Simon’s Cat (CAT) and Pudgy Penguins (PENGU) tokens as part of the HODLer Airdrop program. Users who subscribe their BNB to Simple Earn products between December 9-12 will receive these tokens as an airdrop. Users will be able to trade these tokens in their Spot Wallet accounts on December 17.
Simon’s Cat (CAT) token will be listed on USDT, BNB, FDUSD, and TRY pairs starting at 09:00 (UTC) on December 17. Pudgy Penguins (PENGU) token will be listed on the same pairs at 14:00 on the same day. Binance warned users to be careful of the high volatility that may occur before the tokens are listed.
The total supply of the CAT token is 8.1 trillion, and the maximum supply is set at 9 trillion CAT. Airdrop rewards make up 12.7% of the supply. The total supply of the PENGU token is 88.8 billion PENGU, and airdrop rewards make up 3% of the supply. Binance advised investors to be careful, stating that these tokens could lead to high volatility after listing.
Participants can qualify for these airdrops by depositing BNB into the Simple Earn program. Binance emphasized that such airdrop events offer new opportunities to users, but investors should also consider the risks involved.
