- Binance announced Thena (THE) is the second project airdrop program.
- The exchange will distribute 7% of the token’s maximum supply in the campaign.
- Users must meet certain requirements to participate in the airdrop.
Binance, the world’s largest crypto exchange by trade volume, announced that Thena (THE) became the second project to join the Binance ‘HODLer’ Airdrops campaign.
Founded in 2022, Thena is a community-driven decentralized exchange (DEX) and a liquidity layer on the BNB Chain and opBNB, the layer 2 scaling solution powered by a bedrock version of Optimism OP Stack. On September 26, the project secured a strategic grant from BNB Chain to build its new SocialFi platform, THENA ARENA.
Thena Joins Binance’s Airdrop Campaign
According to an announcement on November 26, the Binance Airdrops Portal will distribute 7% of the Thena (THE) token’s maximum supply of 310,000,000 THE to users who subscribed their BNB to Simple Earn Flexible or Locked products between November 6 and November 13.
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THE is a BEP-20 utility token with the potential to grow alongside the crypto market and the underlying project. In addition to facilitating decentralized governance, THE tokens can be used for yield farming, liquidity provision, and accessing decentralized finance (DeFi) applications on the BNB Chain ecosystem.
Per the announcement, users must complete account verification (KYC) and hail from an eligible jurisdiction to receive their THE airdrop share. The share will automatically be transferred to spot wallets before Binance lists the token on November 27 with THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY trading pairs.
Users residing in Australia, Canada, the U.S., the UK, Japan, New Zealand, and other prohibited jurisdictions will not be eligible for the airdrop because they couldn’t subscribe to Binance’s financial products.
Binance reiterated that its airdrops program aims to reward users “retroactively” based on the historical snapshots of their BNB balances. Banana Gun (BANANA) was the first project to join the campaign in July.
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