Tony Kim Jul 18, 2024 18:08
Binance announces the listing of Banana Gun (BANANA) following its HODLer Airdrops. Users subscribed to Simple Earn will receive the airdrop distribution.
Binance, the world’s leading cryptocurrency exchange, has announced the first project on its Binance Airdrops Portal: Banana Gun (BANANA). According to Binance, users who subscribed their BNB to Simple Earn products between June 23, 2024, and July 5, 2024, will receive the BANANA HODLer Airdrop rewards.
BANANA HODLer Airdrops Details
Token Name: Banana Gun (BANANA)
Total Token Supply: 8,900,000 BANANA
Max Token Supply: 10,000,000 BANANA
HODLer Airdrops Token Rewards: 800,000 BANANA
Current Circulating Supply: 2,420,000 (27% of total supply)
Circulating Supply before Listing on Binance: 3,220,000 BANANA (36% of total token supply)
Smart Contract Details: Ethereum
The BANANA HODLer Airdrops page will be available five hours after the announcement, and the new token will be distributed to users’ Spot Wallets one hour before trading begins.
Trading Details
Binance will list BANANA on July 20, 2024, at 09:00 (UTC) and open trading with the following pairs: BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY. The seed tag will be applied to BANANA to indicate its high volatility and risk.
Users are advised to exercise caution when trading BANANA, as the airdrop rewards will significantly increase its circulation, potentially causing substantial price fluctuations.
Introducing Binance HODLer Airdrops
Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn, users are automatically eligible for HODLer Airdrops, as well as Launchpool and Megadrop rewards.
Unlike other earning methods that require ongoing actions, HODLer Airdrops reward users retroactively, offering a simple way to earn additional tokens. By subscribing BNB to Simple Earn products, users can automatically qualify for these token rewards.
How to Benefit from HODLer Airdrops
Head to [Earn] and search for BNB.
Subscribe to Simple Earn products (Flexible and/or Locked) with your BNB holdings.
Snapshots of user balances and total pool balances will be taken multiple times each hour to get users’ hourly average balances in Simple Earn products. Binance will use historical snapshots of user balances at random periods to calculate user rewards.
Eligible users will receive HODLer Airdrops rewards in their Spot Wallets within 24 hours after the HODLer Airdrops is announced.
Terms & Conditions
Users must complete account verification (KYC) and be from an eligible jurisdiction to participate in HODLer Airdrops.
The airdrop token will be automatically transferred to each user’s Spot Wallet before it lists on Binance Spot.
If there is more than one HODLer Airdrops project running concurrently, users' BNB assets in BNB Simple Earn Products will be allocated to those projects unless otherwise specified.
BNB Simple Earn assets collateralizing against Binance Loans (Flexible Rate) are not entitled to HODLer Airdrops rewards.
BNB subscribed to Simple Earn products will still provide users with standard benefits for holding BNB, such as Launchpool, Megadrop, and HODLer Airdrops eligibility and VIP benefits.
Participation in HODLer Airdrops is subject to eligibility based on the user's country or region of residence.
Binance reserves the right to disqualify any participants who tamper with Binance program code or interfere with the operation of Binance program code with other software.
For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Users need to be from an eligible jurisdiction to participate in BANANA HODLer Airdrops. Currently, users residing in certain countries or regions will not be able to participate by subscribing to BNB Simple Earn Products, including Australia, Canada, Cuba, Crimea Region, Cyprus, Donetsk, Hong Kong, Iran, Japan, Kazakhstan, Luhansk, New Zealand, Netherlands, North Korea, Russia, Syria, United Kingdom, United States of America and its territories, and any non-government controlled areas of Ukraine.
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Thank you for your support!
Binance Team
2024-07-18
Image source: Shutterstock