- Binance, the world’s largest cryptocurrency exchange, has announced the inaugural altcoin project for its new Airdrops Portal program.
- On July 18th, Binance officially confirmed the listing of the Ethereum-based token Banana Gun (BANANA) for the Airdrops Portal.
- Users holding BNB as part of the Simple Earn program will automatically receive BANANA tokens as part of this initiative.
Discover the latest developments in Binance’s Airdrops Portal, featuring the new Ethereum-based Banana Gun (BANANA) token – a notable advancement in the world of cryptocurrency.
Launch of Binance’s Airdrops Portal Featuring Banana Gun (BANANA)
Binance recently revealed the selection of Banana Gun (BANANA) as the premier project for its newly established Airdrops Portal. This initiative is part of Binance’s efforts to enhance user engagement and diversify token distributions through unique programs. The listing follows Binance’s announcement on July 18th, marking a significant milestone for the Airdrops Portal.
Integration with Simple Earn Program
Holders of BNB within the Simple Earn program stand to benefit from this new development. From June 3, 2024, at 03:00 UTC to July 5, 2024, at 02:59 UTC, participants holding BNB in the Simple Earn program will be eligible to receive BANANA tokens. This automatic distribution highlights Binance’s commitment to rewarding its loyal user base through innovative schemes.
Trading Pairs and Market Launch
Following the preliminary activities, Binance is set to officially list BANANA for trading on July 20, 2024, at 12:00 UTC. The available trading pairs will include BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY. This variety of pairs aims to provide extensive accessibility and liquidity for traders interested in BANANA.
Token Supply and Distribution
BANANA will enter the market with a total supply of 8.9 million tokens. The maximum supply is capped at 10 million, ensuring a controlled release into the market. As part of the Airdrops Portal, Binance will allocate 800,000 BANANA tokens to BNB investors. Currently, there are 2.42 million BANANA tokens in circulation, representing 27% of the total supply.
Market Performance
According to data from CoinGecko, BANANA has experienced a 30% increase in value over the past 24 hours, trading at $72.80 at the time of writing. This surge indicates strong market interest and positive sentiment surrounding the BANANA token.
Conclusion
Binance’s Airdrops Portal and the introduction of the BANANA token underscore the exchange’s innovative approach to user engagement and token distribution. With a structured distribution plan and diverse trading options, BANANA shows promising prospects in the crypto market. Investors and traders should closely monitor this new development for potential opportunities and market movement.
