As a seasoned crypto investor with over a decade of experience navigating the volatile and ever-evolving digital asset market, I find myself intrigued by Binance’s latest announcement supporting the Pepper (1000PEPPER) airdrop for Chiliz. The four snapshot times, spanning almost a year, are an unusual approach but could potentially offer substantial rewards for long-term CHZ holders like myself.
Top crypto exchange Binance has announced its support for Pepper (1000PEPPER) airdrop for Chiliz
CHZ
$0.07
24h volatility:
10.1%
Market cap:
$668.43 M
Vol. 24h:
$351.64 M
holders. In a memo to the crypto exchange’s users, Binance shared details of the upcoming airdrop, including the snapshot time. There are four snapshot times, with a week interval between each. The first is scheduled for October 10, 2024, at 00:00 (UTC).
The second photo capture will take place on October 17, 2024, at the same hour. The third photo capture is scheduled for October 24, 00:00 (UTC), and the fourth is on October 31, 2024, also at 00:00 (UTC). Importantly, the Pepper token will change its abbreviation to “1000PEPPER” on Binance. It’s important to note that this symbol is distinct from the one displayed on the blockchain, which remains as PEPPER.
Binance Offers 150 1000PEPPER for 1 CHZ
1 CHZ token corresponds to 150,000 PEPPER tokens (or 150 1000PEPPER) in the airdrop distribution. Consequently, each CHZ user will receive 150,000 PEPPER tokens for every 1 CHZ token they have in their wallet during the event.
As a seasoned investor with years of experience under my belt, I find it essential to keep a close eye on all aspects of my investments, especially when it comes to CHZ holdings. To gain a comprehensive understanding of my current financial situation, I prefer regular snapshots that provide an overview of my assets and liabilities across various accounts.
Users with less than 100 Chiliz (CHZ) in their wallet at the time of the snapshot are not qualified for the 1000 Pepper airdrop. Additionally, CHZ tokens obtained through Margin or Crypto Loans accounts, or transferred from these accounts to Spot Wallets, will not be eligible for the airdrop. Similarly, any CHZ tokens that were pending deposit or withdrawal at the time of the snapshot will not be included in the user’s balance.
Despite the project’s plan to send 1000 PEPPER tokens to Binance across four separate transactions, Binance actually plans to transfer all tokens to users at once. Users will be notified when the distribution process for Binance users has been fully completed.
As a crypto investor, I want to clarify that the ongoing airdrop and snapshot process won’t affect my usual transactions like depositing or withdrawing CHZ, engaging in Spot, Margin, Futures trading, or utilizing Binance Earn services. These operations should remain unaffected during this process.
Binance Inhouse Cleaning with Altcoin Delisting
Just a short while ago, information emerged about a forthcoming de-listing of four trading pairs on the platform: ApeCoin/Ether, Cosmos’ Atom/Binance Coin, Balancer/Bitcoin, and Binance Coin/Dai.
The platform clearly communicated that the action was included in their routine assessments of every listed spot trading pair. During these evaluations, they consider several aspects like liquidity levels, trading activity, and the overall condition of the market for each pair.
Notably, the platform prioritizes safeguarding its users and maintaining a trustworthy market environment.
Considering this fact, Binance plans to perform an automatic swap for Tornado Cash (TORN), OMG Network (OMG), and Waves (WAVES) soon. This is another approach Binance is taking to phase out the listed tokens. The decision to automate the conversion isn’t surprising due to Tornado Cash’s background, particularly its inclusion in OFAC’s sanctions list.
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2024-10-09 18:36