Binance has introduced a new program called HODLer Airdrops, designed to reward BNB holders who participate in Simple Earn. The initiative, which begins today, will distribute tokens from upcoming projects that are expected to list on Binance. The goal is to create a positive and sustainable market environment, as announced by Binance on June 19, 2024.
Users who engage with Simple Earn by holding BNB will be eligible for these airdrops, which will be announced periodically by Binance. The company will provide details on eligibility criteria and the participation process before each airdrop.
To determine rewards, Binance will take random snapshots of user balances and total pool balances, calculating the hourly average balances in Simple Earn products. These historical snapshots will be used as references for reward calculations. Rewards will be distributed to eligible users within 24 hours of the airdrop announcement, based on specific criteria and a BNB holding calculation limit per user.
Participation in the HODLer Airdrops requires account verification and eligibility in certain jurisdictions. The BNB holding calculation limit will ensure fair distribution of rewards, with sub-accounts also being eligible for participation. Separate snapshots will be taken for master accounts and sub-accounts, and rewards will be distributed based on BNB balances.
Overall, the HODLer Airdrops are exclusive to BNB holders and are intended to provide additional rewards for engaging with Simple Earn.
