Binance: participating in the HODLer Airdrops initiative
In the second half of June 2024, cryptocurrency exchange Binance launched HODLer Airdrops for BNB token holders. Incrypted’s editorial team previously mentioned it in the article.
HODLer Airdrops is a new program aimed at users who complete a BNB subscription on the Simple Earn staking platform. Eligible customers of the exchange will be automatically credited with project tokens that will utilize Binance’s services. In addition, there are also rewards for active campaigns on Launchpool and Megadrop.
The equivalent of the new token conversions according to the invested BNB is not known beforehand. However, the terms and conditions state that there will be balance snapshots to fix the average balance during the terms to be announced after the announcement of the drop. The exchange can also set limits.
In addition, for example, if 100 BNB were deposited, and the team decided to take into account only 70 of them, another 30 tokens will not affect the final result.
At the time of writing, the first airdrop from the Banana Gun trading bot, which is available in Telegram, has been announced. The project has allocated 9% of the total offer, namely 800,000 BANANA, for the giveaway. The tokens will be credited to the spot wallet of users who made a flexible or fixed subscription to BNB for Simple Earn between June 23 and July 5. The listing is scheduled for July 20 at 09:00 (UTC).
In this article, we will tell you what actions to perform in order to claim a share of tokens in future airdrops by staking BNB.
Main activities
Note: you must have an account on the exchange and pass KYC to perform. If required, you can use our link for registration.
Important: the activity is suitable for BNB holders who passively hold the token. Take all risks into account if you decide to buy an asset specifically to participate in HODLer Airdrops. The potential reward may not cover the loss on rate fluctuations.
- Go to Binance and authorize.
- On the Earn section, select BNB, specify the period (we recommend flexible) and click Subscribe:
- Specify the number of tokens you wish to deposit and confirm:
- Follow the exchange’s news on X (formerly Twitter) so that you don’t miss airdrop announcements.
- The following screenshot shows the steps to withdraw BNB:
Conclusion
In order to perform an activity, it is necessary to own BNB tokens. It is worth considering the rationality of buying an asset specifically for the activity. At the time of writing, the listing of the first project has not yet taken place, so it is not known how profitable it is. However, such activity may interest BNB owners passively holding the token as a potential opportunity for additional profit. In addition to HODLer Airdrop rewards, users are also awarded a percentage for steaking.
Highlights:
- need to own an account on Binance and pass KYC;
- passive earnings;
- tokens are received automatically.
Useful links: Website | X | Discord
If you have any questions during the activity, you can ask them in our X.
All information is provided for informational purposes only and should not serve as a basis for making investment decisions, as well as should not be considered as a recommendation or advice to participate in investment transactions. Do Your Own Research.
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