Highlights:
- Binance expanded the trading possibilities of its users by introducing the Banana Gun (BANANA) token on its airdrop platform.
- The BANANA airdrop took place between June 23 and July 5, 2024, and its multiple trading pair listing was scheduled for July 20, 2024.
Binance has announced the Banana Gun (BANANA) coin as the first project on its Binance Airdrops Portal. This ecosystem token drives the Banana Gun bot, which provides tools for trading on-chain tokens.
There are currently 8.9 million BANANA tokens in circulation, with a maximum supply of 10 million. Out of the total supply of 8.9 million, only 2.42 million tokens are in circulation. Interestingly, 800,000 BANANA coins are set aside to reward Binance HODLers.
On July 20 at 09:00 UTC, Binance Spot will formally list BANANA with BTC, USDT, BNB, FDUSD, and TRY pairs following the airdrop. One hour before trading begins, holders of BANANA received via HODLer Airdrops will receive their tokens in their spot wallets.
The program intends to engage BNB token holders and provide Binance users with more trading options.
Binance HODLer Airdrops
The Binance HODLer Airdrop portal, launched on June 19, is a mechanism within Binance that provides on-chain airdrops to users. These airdrop coins are released by projects that have enough circulating supply hours to be listed on Binance.
This initiative rewards BNB holders, primarily based on the previous snapshot of their BNB balance. Importantly, customers who sign up for the Simple Earn program using BNB are automatically eligible for rewards from Binance Launchpool and Megadrop besides HODLer Airdrops.
These rewarded airdrop tokens are sent by the exchange to users’ Spot wallets before they are listed on Binance Spot.
Binance has increased its rewards for the current Bull Run to mark its seventh anniversary. The exchange recently revealed a two-week tournament that will offer substantial prizes for the dog-themed Memecoin.
BANANA Coin increases by 26%
The BANANA has well received this announcement token. Over the past day, the token’s price has increased from $57.6 to $72.6, a gain of over 26%. At the time of writing, trading volume had increased by 1,000% to $36.4 million.
BANANA’s price has increased by almost 500% over the past year. It is currently down just 11% from its all-time high of $78.33 last month. Crypto expert Ran Neuner has also named the token for its strong potential for massive returns.
