The post Binance Gets Into Airdrops With New ‘HODLer’ Rewards appeared on BitcoinEthereumNews.com.

We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Binance, one of the world’s most popular crypto exchanges, has announced the launch of HODLer Airdrops, a rewards program for holders of its BNB token that will provide early access to tokens preparing to launch on the platform. Those early tokens, the exchange said, will be from “small to medium projects with strong fundamentals, a large circulating supply, and strong and organic communities.” To be eligible for the airdrops, Binance users must hold BNB and be subscribed to its Simple Earn program. In addition, “users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in HODLer Airdrops.” The company did not provide a list of jurisdictions where the program would be offered, however, and it’s unclear whether the program will be available on Binance.US, the exchange’s U.S. arm. Binance did not immediately respond to a request for comment from Decrypt. BNB—the native cryptocurrency of Binance—is currently trading for around $600 after hitting an all-time-high of $717.48 on June 6, according to CoinGecko. It is among the top five cryptocurrencies with a market cap of more than $88 billion. Binance will announce HODLer Airdrops in advance, according to the announcement, giving users time to prepare for potential rewards, which will be allocated based on user balances. “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,” the company explained, adding that there will be a hard limit set for each HODLer Airdrop. Binance added that participating in the HODLer Airdrops does not…

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Filed under: News - @ June 21, 2024 4:28 am