Binance Launches the HODLer Airdrops Program for Holders of BNB Tokens

Quick
take:

• The
  tokens
  will
  be
  mainly
  from
  small
  to
  medium
  projects
  with
  strong
  fundamentals,
  a
  large
  circulating
  supply,
  and
  strong
  and
  organic
  communities,
  the
  exchange
  said.
• To
  be
  eligible
  for
  the
  HODLer
  Airdrops
  program,
  users
  must
  hold
  BNB
  and
  be
  subscribed
  to
  its
  Simple
  Earn
  program.
• The
  tokens
  will
  be
  offered
  to
  users
  from
  eligible
  jurisdictions,
  which
  Binance
  did
  not
  list
  in
  the
  announcement.

Binance
has
launched
the
HODLer
Airdrops
Program,
designed
to
reward
BNB
token
holders
with
early
access
to
tokens
with
a
large
circulating
supply
before
they
launch
on
its
platform. 

To
be
eligible
for
the
program,
users
must
first
subscribe
to
the
exchange
company’s
Simple
Earn
program
and
be
from
authorised
jurisdictions.
The
company
did
not
provide
a
list
of
countries
or
regions
of
residence
where
the
program
will
be
offered.

Binance
said
it
will
post
an
announcement
before
a
HODLer
Airdrops
of
new
token
begins.

Explaining
how
the
program
and
token
airdrop
allocations
will
work,
the
leading
crypto
exchange
company
wrote
in
a
statement:
“Snapshots
of
user
balances
and
total
pool
balances
will
be
taken
multiple
times
at
any
point
of
time
each
hour
to
get
users’
hourly
average
balances
in
Simple
Earn
products
(Flexible
and/or
Locked).
Binance
will
use
historical
snapshots
of
user
balances
at
random
periods
after
this
announcement
to
calculate
user
rewards.”

The
HODLer
Airdrops
will
be
deposited
in
the
BNB
holders’
Spot
Wallets
within
24
hours
after
the
airdrop
is
announced,
the
company
said,
adding
that
a
hard
BNB
holding
calculation
limit
per
user
will
be
announced
in
each
HODLer
Airdrop
announcement.

“For
example,
if
a
user
holds
203
BNB,
and
the
holding
calculation
limit
is
200
BNB.
Binance
will
only
use
200
BNB
to
calculate
their
total
rewards,”
Binance
explains.

By
the
time
the
token
lists
on
the
Binance
Spot,
airdropped
tokens
will
have
already
been
deposited
in
the
users’
Spot
Wallets.

The
company
also
said
BNB
Simple
Earn
assets
collateralizing
against
Binance
Loans
(Flexible
Rate)
are
not
entitled
to
HODLer
Airdrops
rewards.

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