Binance Announces HODLer Airdrops for BNB Holders
Rebeca Moen Jun 19, 2024 12:20
Binance introduces HODLer Airdrops for BNB holders, rewarding users who subscribe to Simple Earn with airdropped tokens from upcoming projects.
Binance, the world's leading cryptocurrency exchange, has announced the launch of HODLer Airdrops exclusively for BNB holders. According to Binance, users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by projects with a large token circulating supply that intend to soon list on the platform.
How to Benefit from HODLer Airdrops
To participate, users need to subscribe to Simple Earn products (both Flexible and Locked) with their BNB holdings. Binance will announce the start of a HODLer Airdrop for new tokens, after which snapshots of user balances and total pool balances will be taken multiple times every hour to calculate users’ hourly average balances in Simple Earn products. Rewards will be distributed to eligible users' Spot Wallets within 24 hours after the HODLer Airdrop is announced.
Key Participation Requirements
Users must complete account verification (KYC) and be from an eligible jurisdiction to participate in HODLer Airdrops. There is also a hard BNB holding calculation limit per user, which will be specified in each HODLer Airdrop announcement. Sub-accounts are eligible to participate, and their balances will be calculated separately from the master account.
The airdrop tokens will be automatically transferred to each user’s Spot Wallet before the token lists on Binance Spot. If multiple HODLer Airdrop projects run concurrently, users' BNB assets in Simple Earn products will be allocated across those projects unless otherwise specified. However, BNB assets collateralized against Binance Loans (Flexible Rate) are not eligible for HODLer Airdrop rewards.
Additional Benefits
BNB subscribed to Simple Earn products will still provide users with standard benefits such as Launchpool and Megadrop eligibility, as well as VIP benefits. Participation in HODLer Airdrops is subject to eligibility based on the user’s country or region of residence.
Binance reserves the right to amend or cancel this announcement at any time and for any reason without prior notice. Users are encouraged to carefully consider their investment experience, financial situation, investment objectives, and risk tolerance before participating.
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