HODLers Airdrops to BNB Holders

In Simple Earn, the risk is minimal as the user's principal capital is protected. Users who subscribe to the Flexible can redeem their BNB anytime since there is no lock-up period. Upon redemption, the BNB is credited immediately to a user's Spot Wallet. Although the daily redemption limits apply.

Meanwhile, users can choose to lock their BNB. Available lock-up periods are 15 days, 30, 60, 90, and 120 days. As the word implies, the BNB can only be available when the term expires and if the user does not enable the auto-renew option.

HODLers Airdrop Mechanics

Binance will make an announcement when a Hodler Airdrop is coming. Snapshots will be taken multiple times and historical snapshots of user balances at random periods after the announcement will be used to calculate user rewards.

BNB on Simple Earn that are collateralizing Binance Loans at flexible rates will not be qualified for the HODLers Airdrops.

Airdrops are distributed to the eligible user's Spot Wallet before the token is listed on the exchange.

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Binance Inviting Projects to their Listing Programs

In connection with the HODLers Airdrop as well as Megadrop etc, Binance is inviting "small and medium-sized projects with strong fundamentals, an organic community base, a sustainable business model, and a dedicated team acting as responsible industry participants to apply in their listing programs."²

Accordingly, Binance aims to take the lead in fostering a healthy crypto industry with "a variety of market participants, including projects with lower to medium valuations,"³ hence the invitation. And they are also committed to delivering value to their users while safeguarding their interests.

Personal Thoughts

BNB is getting more use cases and rewarding HODLers made it even more attractive. I was psychologically expecting that the price would pump after the announcement but it didn't. Perhaps, people are waiting for the first project before they take action, who knows?

As to how the airdrops will be received, I think it would depend on the value of the rewards and how the projects that are going to be part of Binance's listing programs will perform. And since the rewards are based on users' balances, it is to be expected that large HODLers will benefit the most.

All of that remains to be seen.

_{For infotainment only. Nothing in this publication is investment/financial advice, nor an endorsement of any of the products or services mentioned. Please do your own due diligence.}

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