Binance has announced the launch of the first project on its Airdrops Portal: Banana Gun (BANANA). Banana Gun is the ecosystem token of the Banana Gun bot, which provides trading tools for on-chain tokens.
Users who subscribed their BNB to Simple Earn products from June 23, 2024, 00:00 (UTC) to July 5, 2024, 23:59 (UTC) will receive the BANANA airdrop distribution.
The BANANA HODLer Airdrops page is already available, and the new token will be distributed to users’ Spot Wallets one hour before trading begins.
Binance will list BANANA on July 20, 2024, at 09:00 (UTC), and trading will open with the following pairs: BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY. The seed tag will be applied to BANANA.
BANANA is up 26% in the last 24 hours.
Token Details and Circulation Information
BANANA is a circulating token, and the HODLer airdrop rewards will significantly increase its circulation in the secondary market. This could lead to substantial price fluctuations compared to the current price once trading begins. Users are advised to exercise caution when trading.
BANANA HODLer Airdrops Details:
- Token Name: Banana Gun (BANANA)
- Total Token Supply: 8,900,000 BANANA
- Max Token Supply: 10,000,000 BANANA
- HODLer Airdrops Token Rewards: 800,000 BANANA
- Current Circulating Supply: 2,420,000 BANANA (27% of total supply)
- Circulating Supply before Listing on Binance: 3,220,000 BANANA (36% of total token supply)
- Smart Contract Details: Ethereum
Understanding Binance HODLer Airdrops
Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn products, users automatically qualify for HODLer Airdrops, as well as Launchpool and Megadrop rewards. Unlike other earning methods that require ongoing actions, HODLer Airdrops reward users retroactively, providing a straightforward way to earn additional tokens.
How to Participate in HODLer Airdrops
- Navigate to the [Earn] section on Binance and search for BNB.
- Subscribe to Simple Earn products (Flexible and/or Locked) using your BNB holdings.
- Binance will take snapshots of user balances and total pool balances multiple times each hour to calculate users’ hourly average balances in Simple Earn products.
Binance will use historical snapshots of user balances at random periods after this announcement to determine user rewards. For instance, reward calculations for HODLer Airdrops on June 11, 2024, might use snapshots of user balances between June 1, 2024, and June 7, 2024, as reference points.
Eligible users will receive HODLer Airdrops rewards in their Spot Wallets within 24 hours of the announcement.
