Binance Reveals First Project For Airdrop Portal, Here’s All

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As a seasoned cryptocurrency analyst with years of experience observing the market, I find Binance’s introduction of the Banana Gun (BANANA) HODLer Airdrop to be an intriguing development. Having closely followed Binance’s initiatives, I can attest to their dedication towards enhancing user engagement and driving innovation within their ecosystem.

Binance, a renowned global cryptocurrency trading platform, has launched its first project on the new Airdrop feature: Banana Gun (BANANA. This initiative aims to reward Binance Coin (BNB) owners. It applies to users who have registered their BNB tokens for Simple Earn products within a given timeframe. The arrival of Banana Gun signifies a major move by the exchange to boost user interaction.

The Launch Of Banana Gun (BANANA) On Binance HODLer Airdrop

The Banana Gun token, functioning as the ecosystem currency for Banana Gun bot’s ecosystem, is soon to be distributed among eligible Binance users. This distribution comes as part of a detailed plan announced by Binance, which includes listing the BANANA token on their exchange. Eligibility is determined by users who subscribed their BNB to Simple Earn products between June 23, 2024, and July 5, 2024.

Five hours after the announcement, the BANANA HODLer Airdrop page will go live. Before trading starts, users’ Spot Wallets will receive their distributed tokens hourly. The scheduled date for the official BANANA trading is July 20, 2024, at 09:00 (UTC). On this day, Spot trading pairs on the platform will be available for BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY.

As a researcher studying the Banana Gun (BANANA) project, I can tell you that the total token supply is set at 8,900,000, and the maximum supply is limited to 10,000,000 BANANA tokens. Holder airdrops are scheduled to distribute an additional 800,000 BANANA tokens into circulation, resulting in a considerable increase from the current circulating supply.

Prior to being listed on Binance, the number of BANANA tokens in circulation will be 3,220,000, representing 36% of the overall token supply. The surge in circulating supply might result in noticeable price swings. Consequently, Binance has advised users of the potential market volatility.

Participation & Eligibility For HODLer Airdrops

Binance’s HODLer Airdrops function by distributing rewards to BNB holders, determined by past records of their BNB holdings. Therefore, those who deposit their BNB into Simple Earn products, including Flexible and Locked options, become eligible for these airdrops automatically. This program provides an uncomplicated means for users to accumulate extra tokens without the need for continuous engagement.

As an analyst, I would advise you to follow these steps to qualify for HODLer Airdrops on Binance: First, make your way to the “Earn” section on the platform. Once there, look up BNB and subscribe to any Simple Earn products that interest you. Keep in mind that the exchange will periodically take balances snapshots of both user holdings and total pool balances at various instances in time. These averages will then be utilized for calculating rewards.

As a crypto investor, I’m keeping an eye on the upcoming Binance HODLer Airdrop on June 11, 2024. The reward calculation for this event will be based on my account balance during a specific period from June 1 to June 7, 2024. It’s essential to ensure that I hold sufficient eligible assets in my Binance Spot Wallet during these days to qualify for the airdrop. Once the airdrop announcement is made, I can expect to receive my rewards within 24 hours, directly credited to my Spot Wallet.

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2024-07-19 10:10