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    Home » News » Binance Unveils HODLer Airdrops for BNB Tokens
    Binance Unveils HODLer Airdrops for BNB Tokens
    News

    Binance Unveils HODLer Airdrops for BNB Tokens

    Scott DawsonBy Scott DawsonJune 19, 2024No Comments1 Min Read
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    The HODLer Airdrops available in Binance Simple Earn aim at BNB holders in token distribution from prominent projects with ample circulating supply.

    The HODLer Airdrop of Binance seeks to focus on small and medium projects that have solid fundamentals, large circulating supplies, and organic community participation while avoiding plans to dominate projects.

    Hourly balances of users and pools shall be taken, and average balances used in Simple Earn products, while historical data shall be used for airdrop reward computations.

    When the airdrop is called, users will be paid into their Spot Wallets directly within a 24-hour period after account verification, Know Your Customer (KYC), and depending on the jurisdictions, with BNB holding limits and sub-accounts.

    For airdrops that are to be conducted prior to listing in Binance Spot, users’ tokens will be credited into their Spot Wallets; Simple Earn products would contribute BNB assets for simultaneous airdrops unless stated otherwise.

    This means that for Binance Loans (Flexible Rate), the BNB used as collateral shall not attract airdrop rewards, while in Simple Earn products like Launchpool and Megadrop, benefits shall persist.

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    Scott Dawson
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    Scott, a Scottish financial expert based in Glasgow, specializes in wealth management and equity investing. He writes full-time for various financial websites, including Btcpronews, and offers startup consulting to small businesses seeking funding. With a Bachelor’s degree in Finance from the University of Strathclyde and a Master’s degree in Investment Fund Management from the University of Glasgow, Scott possesses extensive knowledge in investing. He has authored two theses on mutual funds and the UK market.

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