New Binance HODLer Airdrops Launched for BNB Holders

Key Points:

• Binance HODLer Airdrops program was introduced to reward BNB holders who subscribe to Simple Earn with tokens from projects soon to be listed on Binance.
• BNB holders must use Simple Earn products and complete KYC to qualify, with a cap on BNB holdings per user specified in each airdrop announcement.

Binance has announced the launch of its HODLer Airdrops initiative, targeting users who hold and subscribe to Simple Earn using Binance Coin (BNB).

Binance HODLer Airdrops Launched for BNB Holders

Binance HODLer Airdrops program aims to reward BNB holders with tokens from projects boasting a large circulating supply and plans to list on Binance soon.

To participate, BNB holders must navigate to the “Earn” section on Binance and subscribe to either Flexible or Locked Simple Earn products using their BNB holdings. Binance will notify users of upcoming HODLer Airdrops, providing detailed information about the token distributions.

The campaign is designed to support small to medium-sized projects with robust fundamentals and active, organic communities. Binance will provide announcements before each airdrop, outlining the specifics of the token distribution process.

Reward Calculation and Token Distribution Details

To determine user rewards, Binance will take multiple snapshots of user balances and total pool balances at random intervals throughout the hour. These snapshots will calculate the hourly average balances of users’ Simple Earn products, whether Flexible or Locked. The historical snapshots will be used to determine the rewards users will receive.

Participants must complete account verification (KYC) and reside in eligible jurisdictions to join the Binance HODLer Airdrops. Additionally, there is a cap on BNB holdings per user, which will be specified in each airdrop announcement.

If multiple HODLer Airdrops are running simultaneously, users’ BNB assets in Simple Earn products will be allocated to the ongoing projects unless stated otherwise. The airdropped tokens will be transferred to users’ Spot Wallets before the projects’ listing on Binance Spot.