Binance is launching a retroactive airdrop for lively BNB holders with no new exercise wanted.
Binance has introduced the twenty second mission in its HODLers rewards program: the DeFi App (HOME). The airdrop will distribute 200 million HOME tokens to BNB holders who beforehand used Easy Earn or different on-chain yield applications.
The airdrop is retroactive and applies to customers who interacted with yield merchandise on Binance between June 6 and June 9. Distribution begins on June 12, after which the token will transition from Binance Alpha to the primary alternate.
In line with its builders, the HOME token, often known as DeFi App, is designed to make decentralized finance extra accessible. It options gasless transactions throughout a number of blockchains and avoids the usage of cross-chain bridges. The mission additionally claims to supply full person custody over tokens.
DeFi App reported on June 10 that it had processed $15 billion in buying and selling quantity and attracted practically 400,000 customers since launch.
Binance Alpha airdrops are more and more standard
The transfer is a part of the Binance HODLer Airdrops program, which makes lively customers eligible for rewards based mostly on their BNB (BNB) balances. Particularly, customers who subscribe their BNB to Easy Earn are robotically eligible for the airdrops.
Binance has positioned this system as a person acquisition technique. Information exhibits the Binance pockets has not too long ago surpassed MetaMask and OKX in person quantity, a pattern some observers attribute to the Alpha rewards program.
Nevertheless, the technique just isn’t with out controversy. Specifically, some Binance customers are complaining that Alpha customers are getting all rewards, whereas testnet customers are getting missed. Disgruntled customers even began a #StopBinanceAlpha hashtag on X.