Binance announced Movement (MOVE), the first Move-EVM L2 for Ethereum. Thus, Binance announced the third project on its Airdrops Portal. Here are all the details…
Binance announced: MOVE is getting listed
Binance, the world’s largest cryptocurrency exchange by daily trading volume, continues to attract attention with their announcements. According to their latest announcement, they are excited to announce the third project on their Airdrops Portal. This project will be Movement (MOVE). Movement is said to be the first Ethereum-specific Move-EVM Layer-2 project that brings Move’s security features to Ethereum.
Users who subscribe their BNB to Simple Earn Flexible or Locked products between December 2 and December 5 will receive the airdrop distribution. It is reported that the MOVE HODLer Airdrop page will be available within 5 hours. It is also estimated that the new token will be distributed to users’ Spot Wallet 1 hour before trading starts. The exchange will then list MOVE on December 9th at 16:00 TSI. As Kriptokoin.com reported, many exchanges are listing MOVE at roughly the same time today. The exchange says it will open the altcoin for trading on the MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY trading pairs. In addition, the Seed label, which is given to assets with relative risk, is applied to MOVE.
Other critical details about MOVE
Binance will airdrop 200 million MOVE, 2% of the total token supply, through the HODLer Airdrop program. Six months after the spot listing, 5% of the total supply will be allocated to Launchpool. With the HODLer Airdrop program, Binance automatically rewards BNB holders with token airdrops. On the other hand, users can benefit from this program by subscribing to BNB. To be eligible for HODLer Airdrops, users must subscribe BNB to Simple Earn products. After the listing, tokens will be automatically transferred to users’ Spot Wallets. However, participation will be subject to various conditions.
What are HODLer airdrops?
The recently launched Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balance. Users automatically qualify for HODLer Airdrops (as well as Launchpool and Megadrop rewards) by subscribing BNB to Simple Earn Flexible or Locked products. Unlike other earning methods that require ongoing actions, HODLer Airdrops offer a simple way to earn additional tokens by rewarding users retroactively. Users can automatically qualify for token rewards by subscribing BNB to Simple Earn products.
However, users must complete account verification (KYC) to participate in the HODLer Airdrops. They must also be from an eligible jurisdiction. Turkey is one of the eligible jurisdictions. On the other hand, users in the United Kingdom, the United States of America and its territories, Hong Kong, Iran, Japan, Kazakhstan, and many other countries cannot participate in the program.
Finally, the Airdrop token will be automatically transferred to each user’s Spot Wallet before being listed on Binance Spot.
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