Binance has announced the launch of Banana Gun with the ticker $BANANA, the ecosystem token for the Banana Gun bot that provides trading tools for on-chain tokens.
Binance is going to airdrop these tokens to $BNB HODLers. Let's check out the $BANANA token and the criteria for the airdrop.
Who Will Receive Free $BANANA?
Users who subscribed their $BNB to Simple Earn products between June 23, 2024, and July 5, 2024, will receive airdrop distributions of $BANANA tokens.
Trading of $BANANA will begin on July 20, 2024, with multiple trading pairs available. Binance's HODLer Airdrops program will reward BNB holders retroactively based on historical snapshots of their balances.
What Is Different This Time?
This time, the new tokens are not launched via Launchpad, Launchpool, or Megadrop but on the new Binance airdrop portal.
The biggest difference between the three other token launch formats and the airdrop portal is that this one is retroactive. Only users who subscribed their $BNB tokens to Binance Simple Earn products in the past may be eligible.
In my opinion, those airdrops that came unexpectedly had always been the best ones.
What is Banana Gun, $BANANA?
Banana Gun is a trading bot available on Telegram and the Web. It will also feature upcoming token launches. It aims to be the primary platform for trading on the Ethereum network and soon on other chains.
Banana Gun with the ticker $BANANA is already tradable on several exchanges before the Binance listing. Just a reminder to keep an eye on $BANANA's price as it could significantly increase following the announcement of the Binance launch — no financial advice.
My Final Conclusion
In summary, this new airdrop portal by Binance not only enhances the value proposition for $BNB holders but also launches promising new tokens that potentially benefit participants through early adoption and diversified earning opportunities. For detailed terms and conditions and participation requirements, please see Binance's official announcement.
Please note that the article reflects my personal opinion and is not intended to be professional investment advice. Please do not interpret it as such under any circumstances. Always perform #DYOR before making any investment decisions.
If, for some reason, you haven't registered on Binance yet, feel free to use my referral link with the invitation code E3PGAJCE to sign up. By using it, you can save on trading fees for every Binance trade, benefiting both parties.
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