Binance Adds Simon’s Cat and Pudgy Penguins to HODLer Airdrops
Binance has announced the addition of two new projects, Simon's Cat (CAT) and Pudgy Penguins (PENGU), to its HODLer Airdrops program. This initiative rewards Binance users who hold and subscribe their BNB tokens to the Simple Earn feature, enabling users to earn new tokens effortlessly.
The subscription window for these airdrops was from December 9 at 00:00 UTC to December 12 at 23:59 UTC. Users who participated during this period qualified for Simon's Cat (1000CAT) and Pudgy Penguins (PENGU) token rewards. Airdrop distributions were based on snapshots of users' BNB holdings in Simple Earn products during the eligibility period.
Eligible users will receive their tokens in their Spot Wallets within 24 hours of the announcement, with tokens arriving an hour before trading opens.
Airdrop Details and Token Distribution
Binance announced CAT will list on December 17 at 09:00 UTC, with trading pairs against USDT, BNB, FDUSD, and TRY. The token has a maximum supply of 9 trillion, with 8.1 trillion in circulation. For this airdrop, Binance is distributing 1.143 trillion CAT tokens, representing 12.7% of the maximum supply. Upon listing, the circulating supply will increase to 7.89 trillion tokens, equivalent to 88% of the total supply.
PENGU will begin trading later that day at 14:00 UTC, with similar trading pairs as CAT. Unlike CAT, all 88.89 billion PENGU tokens have been minted. Airdrop rewards will distribute 2.67 billion PENGU tokens, or 3% of the total supply. Upon listing, approximately 62.42 billion tokens (70.22% of the total) will be in circulation.
Effortless Rewards Through Binance HODLer Airdrops
To participate in the HODLer Airdrops, Binance users must subscribe their BNB tokens to either Flexible or Locked Simple Earn products. The platform calculates rewards using historical snapshots of user balances during the subscription period, providing a straightforward way for users to earn passively. The exchange stated:
“Snapshots of user balances and total pool balances will be taken multiple times each hour to determine users’ hourly average balances in Simple Earn products (Flexible and/or Locked).”
HODLer Airdrops allow users to easily earn extra tokens, distinguishing this method from other earning strategies. Binance continues to provide innovative opportunities for its community to access promising new projects while rewarding long-term BNB holders.
CAT has increased by over 45% in 24 hours following news of its Binance listing, with trading volume rising by 550%. Meanwhile, Pudgy Penguins plans to launch its PENGU token on Solana by late 2024, with a supply of 88.89 billion tokens.