Thena Finance is a DeFi hub built on the BNB chain, combining spot & perpetual DEXs, with SocialFi trading protocol designed to adapt the on-chain user onboarding for broader web3 mass adoption. It is powered by the native $THE coin, which is used by the platform to reward liquidity providers to its DEX protocol, giving users access to the DAO votings and revenue sharing via staking.
On October 26th, Binance exchange announced a Thena airdrop for $BNB HODLers, allocating 7% of the maximum $THE supply. Hence, the CoinLaunch team decided to create a comprehensive guide on how you could have been able to join this event.
To participate in the $THE HODLer airdrop by Binance, you should have completed a KYC verification and subscribed to the Simple Earn products (locked or Flexible) with the $BNB tokens on the exchange throughout 2024.11.06 00:00 (UTC) to 2024.21.13 23:59 (UTC). As suggested by the Binance HODLer drop announcement, the size of your allocation will be directly dependent on the amount of $BNB you have been staking at the moment of taking a snapshot.
However, to avoid centralization of the airdrop rewards due to the large number of $BNB passively staked on the Binance, the exchange implements a 4% share as a hardcap, hence, your final HODLer drop allocation should be determined in the following way
Your average BNB holdings in Simple Earn/ Total average BNB holding * 100% ≤ 4% (If the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%).
❗️Important: The Binance HODLer airdrop is a retrospective event, meaning if you haven’t staked any amount of $BNB until 2024.21.13, you won’t be qualified for the airdrop if you deposit $BNB now. Hence, to not miss future airdrops from Binance, you should be keeping $BNB in the Simple Earn as long as possible as the exchange doesn’t notify you about taking the snapshots.
Log in or Sign up on Binance;
Acquire some $BNB on your account;
Subscribe to the Binance Simple earn products before the snapshot (for Thena Finance last snap was on Nov 13th);
Earn $THE tokens and continue to passively receive airdrops by staking in the $BNB Simple Earn.