Key Points
- Binance introduces Thena (THE) on Binance HODLer Airdrops.
- The exchange will open trading on November 27 with THE/BTC, THE/USDT, THE/BNB, THE/FDUSD and THE/TRY pairs.
Today, Binance announced Thena (THE) as the second project on the Binance Airdrops Portal. Thena (THE) is a DEX and liquidity layer built on BNB Chain and opBNB.
Binance will list THE tomorrow, November 27, at 10:00 (UTC) and will open trading with the following pairs:
- THE/BTC
- THE/USDT
- THE/BNB
- THE/FDUSD
- THE/TRY
Also, the Seed Tag will be applied to THE. This tag is applied by Binance to innovative projects that might exhibit a higher risk of volatility compared to other already listed projects.
THE HODLer Airdrops Details
- Total token supply: 206,863,770 THE
- Maximum token supply: 310 million THE
- HODLer Airdrops Token Rewards: 21,750,000 THE, representing 7% of the maximum token supply
Users who subscribed their BNB to Simple Earn Flexible or Locked products starting on November 6, 2024, to November 13, 2024, will get the airdrop distribution.
Also, the THE HODLer Airdrop’s page will be available in 12 hours since Binance released the official announcement, and the new token will be distributed to users’ Spot Wallet one hour before trading begins tomorrow.
What is the Binance HODLer Airdrops Program?
Binance HODLer Airdrops program rewards BNB holders with token airdrops that are based on historical snapshots of BNB balances.
To automatically become eligible for such airdrops, users have to subscribe BNB to Simple Earn Flexible or Locked products.
The program rewards users retroactively, offering them an easy way to earn additional tokens.
How Users Can Benefit from HODLer Airdrops
In order to benefit from the airdrops, users have to follow the steps below:
- Head to Binance Simple Earn and search for BNB.
- Subscribe to Simple Earn products with BNB holdings (Flexible or/and Locked).
Binance will take snapshots of user balances/total pool balances multiple times on an hourly basis, to get users’ hourly average balances in Simple Earn Products. The exchange will use these snapshots randomly following the official announcement and calculate their rewards.
The exchange also provided an example in their notes about the THE launch tomorrow, saying that the reward calculation for HODLer Airdrops on June 11th, may use snapshots of the users’ balances between June 1 and June 7 as a reference.
Also, Binance revealed that eligible users will receive HODLer Airdrops rewards in their Spot Wallets within 24 hours after the HODLer Airdrops announcement.
What is Thena (THE)?
On its official website, the team behind the project describes Thena as the ultimate decentralized exchange.
Thena is a community-driven DEX powered by a self-optimizing ve3,3 model, serving BNB Chain projects with their liquidity needs.
The ve3,3-based system is created to sustainably reward all contributing participants.
Official notes reveal that the Thena Spot and Leverage Trading platform offers users the ability to trade hundreds of spot and perpetual pairs with up to 60x leverage, permissionless and non-custodial.
The team at Thena also revealed Binance’s official announcement via their X account, earlier today.
