Binance has introduced a new initiative called HODLer Airdrops to reward holders and support upcoming projects. This program, starting today, will provide users who subscribe to Simple Earn using BNB with tokens from projects that are set to list on Binance and have a large circulating token supply.
The announcement was made by Binance on June 19, 2024, at 13:45, emphasizing their dedication to creating a healthy and sustainable market environment. Users who engage with the Simple Earn products, both Flexible and Locked, by holding BNB will be eligible to receive airdrops. Binance will release announcements prior to each HODLer Airdrop, outlining the eligibility criteria and participation process for users.
To determine rewards, Binance will take multiple snapshots of user balances and total pool balances at random intervals. These snapshots will be used to calculate users’ hourly average balances in the Simple Earn products. Historical snapshots will be utilized as references for calculating user rewards. For example, snapshots taken between June 1 and June 7, 2024, may be used for the HODLer Airdrops on June 11, 2024.
Eligible users will receive their HODLer Airdrops rewards in their Spot Wallets within 24 hours after the airdrop is announced. The distribution of rewards will be based on specific criteria, including a hard BNB holding calculation limit per user, which will be specified in each announcement.
In order to participate in the HODLer Airdrops, users must complete account verification (KYC) and be from an eligible jurisdiction. The BNB holding calculation limit will be enforced to ensure fair distribution of rewards. Sub-accounts are also eligible for participation, with separate snapshots taken for master accounts and sub-accounts. Rewards will be distributed to qualified sub-accounts based on their BNB balances.
Tags: BNB
