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Binance has announced Berachain (BERA) as its 7th altcoin project under the HODLer Airdrops program. Users who deposit their BNB assets into Simple Earn from January 22-26, 2025, will be eligible for the BERA AirDrop. The distribution of airdrop rewards will be completed at least one hour before trading starts. The main network asset, BERA coin, will begin trading on Binance on February 6, 2025.
Details of the BERA Airdrop and Coin Listing
Berachain is entering the market with a total supply of 500 million BERA coins and will adopt an annual inflation model of 10%. Binance will distribute 10 million BERA coins to users who deposit BNB assets into Simple Earn between January 22-26, 2025. Additionally, 5 million BERA coins will be allocated for marketing campaigns, with these funds accessible 12 months after the listing.
At the initial listing, the circulating supply of BERA coins will be 107.48 million. Binance will start trading BERA against BTC, USDT, USDC, BNB, FDUSD, and TRY currency pairs, applying a “Seed Tag” label for the token.
Understanding Binance HODLer Airdrops
Binance HODLer Airdrops is a program that distributes rewards to BNB holders based on past snapshots. By depositing BNB into their Simple Earn accounts, users gain automatic eligibility for these rewards, allowing them to earn passive income without further trading activities.
To earn rewards, users must deposit their BNB into Simple Earn. Binance takes random snapshots at certain times, calculating rewards based on users’ average BNB balances. AirDrop rewards are transferred to users’ spot wallets within 24 hours after the announcement.
Users increasing their BNB investments can earn additional benefits not only from HODLer Airdrops but also from Binance Launchpool and Binance Megadrop programs.
