Key Points
- Binance is launching HODLer Airdrops for BNB holders.
- Users who subscribe to Simple Earn using BNB will get airdropped tokens by projects soon listed on Binance.
In an official announcement, Binance revealed that it is launching HODLer Airdrops exclusively for BNB holders.
According to the exchange, users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by projects that have a large circulating supply and intend to get listed on Binance soon.
Binance notes that it’s committed to fostering a healthy and sustainable market environment for users, while, at the same time, prioritizing, their interest.
As a result, the exchange takes the lead in engaging small to medium projects with the following features:
- strong fundamentals
- large circulating supply
- strong and organic communities
How to benefit from Binance HODLer Airdrops
In the official announcement, Binance revealed the steps that users have to take in order to benefit from the HODLer Airdrops.
- Head to [Earn] and search for BNB.
- Subscribe to Simple Earn products (Flexible and/or Locked) with BNB holding.
Binance will post an announcement before a HODLer Airdrops of a new token begins.
Also, snapshots of user balances and total pool balances will be taken multiple times at any point in time on an hourly basis, in order to get users’ average balances in Simple Earn products (Flexible and/or Locked.)
Binance will use historical snapshots of user balances at random periods after this announcement, in order to calculate user rewards.
As a calculation example, reward calculation for HODLer Airdrops on June 11, 2024, may use snapshots of user balances between June 1 to June 7 as reference.
The exchange noted that eligible users will receive HODLer Airdrops rewards in their Spot Wallets within 24 hours after the HODLer Airdrops is announced.
Important additional notes
Users must complete account verification (KYC) and be from an eligible jurisdiction to participate in the HODLer Airdrops.
There is a hard BNB holding calculation limit per user, which will be announced in each HODLer Airdrops announcement.
For instance, if a user holds 203 BNB tokens and the holding calculation limit is 200 BNB, the exchange will only use 200 BNB to calculate their total rewards.
Sub-accounts are eligible to participate in HODLer Airdrops, and snapshots will be taken separately from a user’s master account and sub-accounts. Qualified sub-accounts can get rewards separately based on their BNB balances.
The airdrop token will be automatically transferred to the users’ Spot Wallet before the token gets listed on Binance Spot.
In case there are more than one HODLer Airdrops projects running at the same time, users’ BNB assets in BNB Simple Earn Products (both Flexible and Locked) will be allocated into the projects unless it’s specified differently.
BNB Simple Earn assets collateralizing against Binance Loans (Flexible Rate) are not entitled to HODLer Airdrops rewards.
BNB subscribed to Simple Earn products will still offer users the standard benefits for holding BNB, such as Launchpool and Megadrop eligibility, along with VIP benefits.
Binance Recently, during an AMA session, Binance’s co-founder Yi He addressed important matters regarding the listing and delisting of coins, new projects on Binance Launchpool and Megadrop, privacy concerns, AI, and more.
