On July 28, Binance announced its 29th project on the HODLer Airdrops portal - Treehouse (TREE), before listing the digital asset.
The HODLer Airdrops portal was created by the crypto exchange to reward its users retroactively based on their BNB holdings.
Treehouse is a decentralized fixed-income layer.
Binance's TREE HODLer Airdrop Announcement
In its official notes, Binance revealed that users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products starting on July 10 at 00:00 (UTC) until July 13 at 23:59 (UTC) are eligible for the upcoming airdrop.
The crypto exchange also listed the following important details about TREE and the airdrop:
- The Genesis Total Token Supply will be 1 billion TREE tokens.
- The Maximum Token Supply will be 1 billion TREE tokens.
- The HODLer Airdrop token rewards will be 12,5 million TREE tokens, representing 1.25% of the total token supply.
- An additional amount of 12,5 million TREE tokens will be allocated to future marketing campaigns 6 months after the spot listing.
- The circulating supply at Binance listing will be over 156,1 million TREE tokens, or 15.61% of the total token supply.
- There will be no listing fee for TREE.
Binance also shared the TREE details for BNB Chain and Ethereum blockchains.
The crypto exchange revealed the TREE listing details in the same announcement.
Binance's TREE Listing Details
Binance will list the following trading pairs for TREE on July 29 at 14:00 (UTC):
- TREE/USDT
- TREE/USDC
- TREE/BNB
- TREE/FDUSD
- TREE/TRY
TREE will be listed by the exchange with the Seed Tag applied. This means that the project is a newer one and it could exhibit higher volatilty compared to otheer already listed projects. Users are advised to DYOR before deciding to invest in TREE.
Users can start depositing TREE today, July 28, at 16:00 (UTC).
The crypto exchange also announced that it will list TREE on Binance Alpha first. This is Binance's platform to showcase early-stage projects that have growth potential in the Web3 ecosystem.
