As a seasoned researcher and long-time Binance user, I find myself constantly impressed by the platform’s innovative initiatives that not only cater to the growing needs of the crypto community but also reward its loyal users. The recent addition of Simon’s Cat (CAT) and Pudgy Penguins (PENGU) to Binance’s HODLer Airdrops program is a testament to their commitment to fostering an inclusive and dynamic ecosystem.
Binance has unveiled that Simon’s Cat (CAT) and Pudgy Penguins (PENGU) are joining its HODLer Airdrops program. This move will benefit Binance users who keep and subscribe their BNB coins to the Simple Earn function, offering an effortless method for earning fresh tokens as a reward.
From December 9th at midnight UTC to December 12th at eleven fifty-nine p.m., users could subscribe for the airdrops. If you joined during this time frame, you’ve automatically qualified for both Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU) token rewards. The distribution of these tokens was determined by looking at the amount of BNB each user had in Simple Earn products during the qualifying period.
Users who meet the criteria can expect to find their tokens in their Spot Wallets a full day after the announcement is made. Before trading begins, these tokens will be deposited into their accounts an hour ahead.
Airdrop Details and Token Distribution
On December 17 at 09:00 UTC, Binance will add CAT to its listings, offering trading pairs with USDT, BNB, FDUSD, and TRY. The maximum supply of this token is 9 trillion, with 8.1 trillion currently in circulation. For this airdrop, Binance is distributing 1.143 trillion CAT tokens, which amounts to 12.7% of the total supply. Once listed, the circulating supply will rise to 7.89 trillion tokens, making up 88% of the entire supply.
On the same day at 14:00 UTC, trading for the newly launched cryptocurrency PENGU is set to begin. Similar to CAT, the trading pairs for PENGU will remain consistent. However, unlike CAT, all 88.89 billion PENGU tokens have already been minted. Through an airdrop, 2.67 billion PENGU tokens (representing 3% of the total supply) will be distributed as rewards. Upon listing, roughly 62.42 billion tokens (70.22% of the total) will be available for circulation.
Effortless Rewards Through Binance HODLer Airdrops
To be eligible for HODLer Airdrops on Binance, users need to enroll their BNB tokens in either the Flexible or Locked Simple Earn programs. The system takes snapshots of users’ balances during the subscription period to determine rewards, simplifying the process for those aiming for passive income. In their explanation, Binance stated:
At various points throughout an hour, repeated captures of individual user accounts’ balances and the overall pool balances will be made in order to calculate the average hourly balance for each user in our Simple Earn products (Flexible and/or Locked).
The exchange highlighted that HODLer Airdrops stand out from other income sources as they enable users to effortlessly accumulate additional tokens. Through HODLer Airdrops, Binance consistently provides creative avenues for its user base to engage with potential future ventures while acknowledging and compensating loyal BNB holders.
In the past day, CAT’s value has soared over 45%, and trading activity for this asset has increased an astounding 550%. Concurrently, the Pudgy Penguins project is planning to debut its PENGU token on Solana around the end of 2024, boasting a total supply of approximately 88.89 billion tokens.
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2024-12-16 22:09