As a long-term crypto investor with a significant BNB holding, I’m thrilled about Binance’s new HODLer Airdrops program. Being able to gain early access to promising projects before they hit the exchange is a valuable perk that recognizes my loyalty and investment in the platform.
As a researcher investigating the latest developments in the cryptocurrency market, I came across Binance‘s recent announcement regarding an exclusive new program. According to Binance’s press release shared with Coinspeaker, this initiative is specifically tailored for individuals who hold BNB tokens (BNB being the native currency of the Binance platform). This means that not every member of the public is eligible to participate in this program.
Some users who meet the requirements may be given free distributions of tokens or cryptocurrencies from various upcoming projects, prior to those assets being officially listed on Binance for buying and selling. This strategy allows selected individuals to gain access to potential new investments ahead of the general public.
Early Access to Promising Projects
The HODLer Airdrops initiative takes into account the historical actions of users and distributes suitable rewards based on their engagement. This promotes a sense of fairness and uniformity among Binance Coin (BNB) holders.
As a crypto investor holding BNB tokens, I’m excited to learn about a new program that can expand the reach of the project for its developers, while at the same time rewarding me and other loyal BNB holders with additional tokens as a token of appreciation.
At present, Binance boasts a user base of over 200 million people worldwide. Last week, the company’s newly appointed CEO, Richard Teng, expressed that this latest milestone is a testament to the enduring faith and confidence placed in the Binance platform by the crypto community and industry players.
Keep in mind that not every one of the 200 million Binance users is eligible for the HODLer Airdrops program. As of June 2023, Binance reported approximately 1.9 million BNB token holders on their platform.
The firm anticipates a substantial increase in the numbers from 2023 to 2030 as more people get familiar with the digital asset.
Subscription Requirement for Participation
Although many individuals possess BNB tokens, merely subscribing your BNB to either Simple Earn Flexible or Locked Products qualifies you for participation in the program.
According to Binance, users are encouraged to sign up for one of the following products to become eligible for the HODLer Airdrop program. Users who have previously enrolled their BNB in Simple Earn now receive rewards based on their earnings.
Before distributing airdrops, the platform will capture images of users’ wallet balances as a point of reference. Binance announced that these balancing snapshots would be taken at random intervals, beginning on June 19, 2024.
After capturing a snapshot and making an announcement for an airdrop, eligible recipients will gain access to their allocated tokens within a day, being deposited straight into their digital wallets.
When Binance announces a HODLer Airdrop, eligible recipients will obtain their allocated tokens within a day. The tokens dispensed via this initiative originate from smaller to mid-sized projects slated for listing on Binance.
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2024-06-19 18:36