Binance has announced its support for the Pepper (1000PEPPER) AirDrop for Chiliz (CHZ) holders. Users will have the opportunity to participate in the AirDrop through four separate snapshots taken on specified dates. Those with CHZ balances above a set threshold during this process will be eligible to earn 1000PEPPER tokens.
Details of the AirDrop and Set Schedule
The first snapshot will occur on October 10, 2024, followed by the second on October 17, the third on October 24, and the last one on October 31, 2024. Users with less than 100 CHZ during these snapshots will not qualify for the AirDrop. Additionally, CHZ coins involved in open buy/sell orders or in the transfer process will not be counted.
According to the distribution ratio of the AirDrop, for every 1 CHZ held, users will receive 150 1000PEPPER tokens. Binance will meet the technical requirements for participants, and users will not need to perform any actions during the AirDrop process.
Conditions for AirDrop Participation and Distribution Process
During the snapshot, CHZ balances across various wallets, including Spot Wallet, Funding Wallet, Margin Wallet, Simple Earn Flexible Accounts, Flexible Credit, and VIP Credit Accounts, will be considered. However, CHZ coins from USDⓈ-Margin Futures Accounts and those borrowed or used as credit will not be included in the AirDrop.
Borrowed or loaned CHZ coins will also not count. Users with a net CHZ debt in Margin, Credit, or VIP Credit accounts will need to return the 1000PEPPER amount received through the AirDrop. Once all four distributions are completed, Binance will distribute the 1000PEPPER tokens to users in a single batch and will notify them through a new announcement.
The listing of the 1000PEPPER token on Binance will go through the exchange’s standard listing review process, meaning that participation in an AirDrop does not guarantee listing. Furthermore, users must complete account verification (KYC) and be located in a compliant jurisdiction.
Binance added that the deposit and withdrawal of CHZ tokens would not be affected during the AirDrop, and services such as Spot, Margin, and Futures trading will continue uninterrupted.
