Binance has announced its support for a new AirDrop aimed at holders of the Chiliz token (CHZ). In this initiative, users have the opportunity to earn 1000PEPPER tokens through four designated snapshots that will take place on specific dates. This program is designed to reward those maintaining eligible CHZ balances during the snapshot periods.
When Will the AirDrop Occur?
The initial snapshot for the AirDrop will take place on October 10, 2024, with subsequent snapshots scheduled for October 17, October 24, and October 31, 2024. To participate, users must hold a minimum of 100 CHZ during these times to qualify for the distribution of PEPPER tokens.
What Are the Eligibility Criteria?
Eligibility for the AirDrop includes holding CHZ tokens in various account types, including Spot, Funding, and Margin wallets. However, tokens tied up in open orders or borrowed funds will not be counted. Users must also ensure their accounts meet verification standards to qualify.
Key points regarding the AirDrop include:
- 1000PEPPER tokens distributed at a ratio of 150 tokens for each CHZ held.
- Four snapshots scheduled from October 10 to October 31, 2024.
- CHZ balances in certain account types will be eligible, while others, including borrowed tokens, will not.
- Distribution of PEPPER tokens will occur in one batch post-snapshots.
Despite the AirDrop, trading services like Spot and Futures will remain unaffected. The listing of the new token on Binance will proceed through standard review processes, meaning participation does not guarantee listing.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/binance-launches-airdrop-for-chiliz-token-holders