Binance, Exchanges

Does Binance Give VeThor?

Binance, the world’s largest cryptocurrency exchange by trading volume, has been giving away free VeThor (VTHO) to holders of its native Binance Coin (BNB). The airdrop began on July 18 and will continue until July 24.

Binance users who hold BNB in their personal wallets will be eligible for the airdrop.

The airdrop is part of Binance’s plan to support the growth of the VeChain (VET) ecosystem. Binance has been a long-time supporter of VeChain, having listed VET on its exchange in August 2017.

In order to receive the airdrop, Binance users must hold their BNB in a personal wallet and not in an exchange wallet. Exchanges like Binance do not usually give away airdrops to their users, as they are not able to control which addresses receive the airdropped tokens.

The snapshot for the airdrop will take place at 00:00:00 UTC on July 24. Binance users who have held BNB in their personal wallets at this time will be eligible for the airdrop.

Binance will distribute the VTHO tokens to eligible users within two weeks after the snapshot is taken. The tokens will be distributed proportionally to the amount of BNB that each user holds at the time of the snapshot.

For example, if you hold 1 BNB in your personal wallet at the time of the snapshot, you will receive 1/100th of the total amount of VTHO that is being given away by Binance. If 10,000 VTHO are being given away in total, you would receive 100 VTHO (10,000 * 1/100).

NOTE: No, Binance does not offer VeThor. VeThor is a cryptocurrency token based on the Ethereum blockchain and is used to fuel transactions and activities on the ThorChain network. Binance does not currently offer any tokens from ThorChain or support the trading of any ThorChain-based tokens. Anyone trading VeThor tokens on Binance is doing so at their own risk.

The amount of VTHO that each user will receive from the airdrop will be based on the amount of BNB that they hold at the time of the snapshot. However, there is no minimum or maximum amount of VTHO that can be received from the airdrop.

Even if you only hold 1 BNB, you will still receive some VTHO from Binance.

The VeChain Foundation has also announced that it will be giving away free VTHO to holders of its native token, VET. The Foundation plans to distribute 10% of its total supply of VET (1 billion tokens) to holders over the course of 10 years.

The first distribution will take place on August 1, 2018 and will continue every month until July 2022. After that, distributions will occur every quarter until 2027.

To be eligible for the Foundation’s distribution, VET holders must deposit their tokens into a supported wallet or exchange before each distribution date. The Foundation has not yet announced which wallets or exchanges will support its distribution program.

However, it is likely that popular wallets such as Ledger Nano S and MyEtherWallet will support it. Exchanges that are known to support past airdrops, such as Bittrex and KuCoin, may also support this one.

The Foundation plans to give away 10% of its total supply of VET (1 billion tokens) over 10 years through its distribution program. The first distribution will take place on August 1, 2018 and will continue every month until July 2022.

After that, distributions will occur every quarter until 2027.

5 Related Question Answers Found

Does Binance Us Give Referral Bonus?

Binance US, the American arm of the world’s largest cryptocurrency exchange, does not offer referral bonuses. This is in contrast to the main Binance platform, which offers a generous referral program that can earn users up to 40% of the trading fees paid by referrals. The decision not to offer referral bonuses appears to be in line with Binance US’s strategy of operating as a more traditional exchange.

Does Binance Give You VTHO?

Binance is one of the most popular cryptocurrency exchanges in the world, and it offers a variety of features and benefits to its users. One of the benefits that Binance offers is the ability to earn VTHO. VTHO is a cryptocurrency that is used to pay for transactions on the VeChain network.

Is Binamon a Binance?

Binamon is not a Binance. Binamon is its own separate entity that offers a different set of services than Binance. While both platforms may offer cryptocurrency trading, Binamon focuses on providing a more comprehensive suite of tools for managing one’s digital assets.

Is Firo Available on Binance?

Firo (formerly known as Zcoin) is a privacy-focused cryptocurrency that utilizes the Zerocoin protocol to provide anonymous transactions. Firo is available on a number of exchanges, including Binance. Binance is a cryptocurrency exchange that offers a wide variety of digital assets, including Firo.

Does Binance Us Have Referral Bonus?

Binance US, the American arm of the world’s largest cryptocurrency exchange, does not have a referral program at this time. This may come as a surprise to many, as most exchanges do offer some sort of incentive for users to bring in new customers. Binance has been tight-lipped about its plans for expanding into the US market, so it’s possible that a referral program could be introduced at a later date.
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