After successfully ending the Initial Exchange Offering (IEO) of Harmony (ONE), Binance is celebrating it spectacularly. On a post published on May 30th, 2019, Binance announced that it was going to airdrop 3,000 BNB tokens.
Binance, one of the leading cryptocurrency exchanges, made the grand announcement just hours after Harmony, though their Twitter outlet, announced the same. Harmony will be airdropping 25 million ONE coins on Binance’s DEX to celebrate being the pioneer project in trading on both Binance DEX and their exchange concurrently.
Both Binance and Harmony scored big in the recently ended Initial Exchange Offering. Harmony successfully sold off all of the 1.58 billion ONE tokens on offer, completing the token offering in minutes. The successful offering automatically increased Binance Launchpad’s number of fruitfully concluded IEOs to five.
Earlier, Harmony had posted a Medium post and shared the same via Twitter, announcing the acceptance of their proposal to get listed on Binance DEX. And, feeling jolly after obtaining the approval of the Binance Chain validator network, it decided to airdrop ONE tokens numbering 25 million.
Requirements For Harmony ONE Token Airdrop
Effectively, the tokens are set to be airdropped to DEX users within five days after the announcement. On eligibility for this Harmony ONE token airdrop, the requirements are as follows:
First, it is open to all Binance Chain addresses that hit at least 100,000 in trading volume. It is also open to ONE tokens that reach the same target (both buy and sell) on the DEX exchange after one full day of trading, provided one holds at least 10BNB during the trading period.
Individuals who meet the above-stated requirements will share equally from five million ONE tokens and 600 BNB tokens. The recorder taking stock of each address’ daily trading volume will be reseting daily at 0000hrs. And after five days of trading, all the 25 million ONE tokens and 3,000 BNB coins will have been shared out.
Listing of ONE/BNB Trading Pair
After listing the tokens, Binance will subsequently launch ONE/BNB trading pair. The pair will trade on Binance DEX, alongside other combinations from June 1st, 2019. It will be interesting to see how the duo will perform.
Elsewhere, the amount of traction Binance DEX has garnered after its launch has been increasing tremendously. Even after the exchange’s CEO, Changpeng Zhao burned five million ERC-20 BNB coins, Binance DEX has been receiving positive interest from the crypto community. Decentralized exchanges like Binance DEX have the upper hand, unlike the centralized ones, which often fall to hackers.
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