Binance has announced a new initiative called the HODLer Airdrop program, designed to reward users who hold BNB and subscribe to Fixed or Flexible Products on its Earn platform. This program aims to distribute airdrops of highly liquid tokens that are soon to be listed on the Binance exchange. By introducing this program, Binance reinforces its commitment to fostering a healthy and sustainable market ecosystem for its users.
The program is part of Binance's broader strategy to engage with small and medium-sized projects that demonstrate strong fundamentals, substantial circulating supply, and robust organic community support. These efforts are intended to enhance market vitality on the platform while creating additional potential earning opportunities for BNB holders.
How the HODLer Airdrop Program Works
To participate in the HODLer Airdrop program, users need to follow a few essential steps. First, they must hold BNB in their Binance account. Then, they should use their BNB holdings to subscribe to either Fixed or Flexible Products available on the Binance Earn platform. Binance will announce specific details regarding each airdrop event before it begins.
The calculation of rewards is based on multiple random snapshots of users' BNB holdings taken hourly. These snapshots help determine the average hourly BNB balance held in Earn products during a specified period. For instance, the airdrop rewards for a particular event might be calculated using snapshot data collected from June 1 to June 7, 2024.
Eligibility and Participation Requirements
Participation in the HODLer Airdrop program requires users to complete identity verification (KYC) and reside in an eligible jurisdiction. Additionally, there is an upper limit on the amount of BNB holdings that will be considered for reward calculation per user. This limit will be disclosed in each airdrop announcement. For example, if a user holds 203 BNB but the cap is set at 200 BNB, only 200 BNB will be used to compute their rewards.
Both main accounts and sub-accounts are eligible to participate. Binance will take separate snapshots for main accounts and sub-accounts, and rewards will be distributed accordingly based on their respective BNB balances.
Distribution of Airdropped Tokens
Airdropped tokens will be automatically credited to the spot wallets of eligible users before the token is listed on the Binance Spot market. If multiple HODLer Airdrop campaigns are running simultaneously, the BNB assets held in Earn products will be proportionally allocated across these campaigns.
It is important to note that BNB assets used as collateral in Binance Loans (Flexible Rate) will not qualify for HODLer Airdrop rewards. However, BNB assets subscribed to Earn products will continue to enjoy other common benefits, such as eligibility for Launchpool and Megadrop events, as well as VIP tier privileges.
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Frequently Asked Questions
What is the HODLer Airdrop program?
The HODLer Airdrop is a initiative by Binance to reward BNB holders who subscribe to Earn products with airdrops of new tokens before they are listed on the exchange.
How are the airdrop rewards calculated?
Rewards are based on the average hourly BNB balance in your Earn products, determined through multiple random snapshots during the snapshot period.
Can I use BNB in Loans for the airdrop?
No, BNB assets used as collateral in Binance Loans (Flexible Rate) are not eligible for HODLer Airdrop rewards.
Are sub-accounts eligible for the airdrop?
Yes, both main accounts and sub-accounts can participate, and rewards are calculated separately for each.
Do I need to complete KYC to participate?
Yes, users must complete identity verification and be from an eligible jurisdiction to qualify for the airdrop.
Will my BNB in Earn products still qualify for other benefits?
Absolutely. Your BNB in Earn products continues to be eligible for benefits like Launchpool, Megadrop, and VIP privileges.