Binance to Airdrop 4M SXP tokens to BNB Holders
Hope you are doing well. Here is something exciting for the BNB holders. The recent report announced the active support of the $16,000,000 SXP airdrop program by Binance, one of the recognized crypto exchanges.
This program aims to spread awareness and enrich the skills of the project offered by the Binance, where Swipe will be the first option available to the BNB holders.
In total there will be 4,000,000 SXP coins ($16,000,000 as per today’s price) to be airdropped for the BNB owners around a 12-week duration and planned to distribute on a weekly basis on each holder.
Let’s talk about the information available about the program. The rules state that the program will commence at 2020/08/17 00:00 UTC, and the platform will start capturing the holders’ BNB balances in order to know the weekly average amount of each customer stored in their Binnace.com.
As per the rules stated the weekly average balance shall be calculated as 7 days on an average as per the rules mentioned by Binance. The rules also state about the minimum weekly average balance required for each participant to hold that is fixed at 0.1 BNB or more for qualifying these awards.
To make you aware the calculation will be done as follows: 333,333.33 SXP received each weeks ratio of BNB holdings.
The rules made clear that the SXP rewards are to be calculated and allocated weekly. In addition, the rewards shall be delivered within 3 days by the end of every week on Binance.com.
To be specific this program has not enlarged any rotation of supplies as the allocation is made from the previous circulating supply and bought from the market.
The users are free to check their receipt of airdrop SXP by following Account Center> Wallet> Distribution History.
So, hope you are aware of all the relevant details of the airdrop program and are ready to participate. All the best and keep trading.
Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.