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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