Source: Coinspeaker
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Binance Introduces Solayer (LAYER) as 8th HODLer Airdrop Project

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2 min

Binance Holdings Ltd has launched the 8th project in its HODLer Airdrop, introducing Solayer (LAYER), part of the Solana ecosystem, aimed at improving restaking capabilities.

  • BNB holders subscribed to Simple Earn from February 1 to February 5 are eligible for LAYER airdrop.
  • Eligible users will receive LAYER tokens within 24 hours after the announcement.
  • LAYER will be listed for trading on Binance starting Tuesday at 14:00 UTC against Bitcoin, Tether, Circle, BNB, FDUSD, and TRY pairs.
  • The token carries a seed tag indicating high volatility.

LAYER Tokenomics

  • Total supply of LAYER is 1 billion; 30 million tokens (3%) allocated for the airdrop.
  • Circulating supply post-airdrop will be 210 million tokens (21% of total supply).
  • 51.23% of total supply designated for community and ecosystem, vested every 3 months over 4 years.
  • Allocation includes 34.23% for research, development, and ecosystem growth, 14% for community events, and 3% for Emerald Card community sale.
  • Investor allocation is 16.66%, core contributors 17.11%, and Solayer Foundation 15%.

Support and Future Plans

  • Solayer benefits from Binance initiatives and previous collaborations like BNSOL, a liquid staking token.
  • Bithumb and Upbit Korea have announced listings for LAYER tokens.
  • Solayer plans to launch its chain, infiniSVM, in 2025 for scalable solutions.

Original publication

Authors credited by the source: Steve Muchoki

Published by Holder based on an external source.