Binance has announced a new HODLer airdrop program for BNB holders. Users who hold BNB and subscribe for regular or current products on the Binance Earn Platform will have the opportunity to receive airdrop rewards for high-circulation tokens that will be listed on the Binance platform soon. Binance hopes to demonstrate its commitment to creating a healthy and sustainable market environment for users.
Binance’s Promise
Binance stated that it will continue to participate in small and medium-sized projects with strong fundamentals, large circulating supply, and organic community support to create a healthier market environment. These initiatives not only help enhance the market vitality of the Binance platform, but also provide more potential income opportunities for BNB holders.
How to participate in the HODLer airdrop
Step 1: Go to the financial management page
Users need to go to the [Financial Management] page of the Binance platform to search for and hold BNB.
Step 2: Subscription for coin-earning products
Users need to use BNB positions to subscribe for regular and/or current products on the Binance Earn Token platform. Binance will announce specific details separately before the HODLer airdrop begins.
Step Three: Snapshot and Calculation
Binance will randomly take multiple snapshots of users' BNB holdings every hour to calculate the average hourly BNB holdings of users in coin-earning products. Rewards will be distributed based on these snapshot data. For example, HODLer airdrop rewards on June 11, 2024 may reference snapshot data from June 1 to 7, 2024.
Eligible users
Identity and Jurisdiction
Users participating in the HODLer airdrop must complete identity verification (KYC) and be from an eligible jurisdiction. Each user's BNB holdings calculation is capped, and these limits will be announced in each airdrop announcement. For example, if a user holds 203 BNB, but the calculation limit is 200 BNB, Binance will only use 200 BNB to calculate its total reward.
Sub-account participation
Sub-accounts are also eligible to participate in the HODLer airdrop. Binance will take snapshots of the main account and sub-accounts separately and reward them separately based on their respective BNB holdings.
Obtaining and using airdrop tokens
Automatically transfer to spot wallet
Airdrop tokens will be automatically transferred to eligible users’ spot wallets before Binance Spot goes live. If multiple HODLer airdrop projects are conducted at the same time, the user’s BNB assets in the coin-earning products will be allocated to these projects in proportion.
Restrictions
BNB income pool assets used as collateral on Binance Lending (Dealing Rate) will not be able to receive HODLer airdrop rewards. In addition, BNB assets that subscribe for currency-earning products can still enjoy common benefits, such as participation in Launchpool and Megadrop qualifications and VIP level benefits.
This article Binance launches HODLer airdrop program: new benefits for BNB holders first appeared on Chain News ABMedia.
