Binance Introduces HODLer
In a move to engage its community and support emerging projects, Binance has announced the launch of HODLer Airdrops exclusively for *BNB* holders. This initiative, starting today, aims to reward users who subscribe to Simple Earn using BNB with tokens from projects that have a large token circulating supply and are poised to list on Binance.
The announcement was made by Binance on June 19, 2024, at 13:45, highlighting their commitment to fostering a healthy and sustainable market environment. The airdrops will be given to users who engage with the Simple Earn products, both Flexible and Locked, by holding BNB. Binance will periodically post announcements before each HODLer Airdrop begins, detailing the eligibility criteria and the process for participating users.
Snapshot and Reward Calculation
To determine the rewards, Binance will take multiple snapshots of user balances and total pool balances at random intervals. These snapshots will be used to calculate users’ hourly average balances in the Simple Earn products. Historical snapshots, taken at various periods after the announcement, will serve as references for calculating user rewards. For example, snapshots taken between June 1 and June 7, 2024, may be used for the HODLer Airdrops on June 11, 2024.
Eligible users will receive their HODLer Airdrops rewards in their Spot Wallets within 24 hours after the airdrop is announced. The distribution of rewards will be based on specific criteria, including a hard BNB holding calculation limit per user, which will be specified in each announcement.
To participate in the HODLer Airdrops, users must complete account verification (KYC) and be from an eligible jurisdiction. The BNB holding calculation limit will be enforced to ensure fair distribution of rewards. For instance, if a user holds 203 BNB but the limit is set at 200 BNB, only 200 BNB will be considered for reward calculations.
Sub-accounts are also eligible for participation, with separate snapshots taken for master accounts and sub-accounts. Rewards will be distributed to qualified sub-accounts based on their BNB balances.
