As the largest cryptocurrency exchange by volume, Binance is no stranger to supporting airdrops. In the past, they have supported airdrops for popular projects such as Tron (TRX), Ontology (ONT), and Vechain (VET).
More recently, they have supported the airdrop of Crescent Cash (CRC) to their users. So, does Binance support solo airdrops?.
The answer is yes! Binance has confirmed that they will support the upcoming solo airdrop of Fetch.AI (FET). The airdrop will occur on March 15th, 2019 and will be distributed to all eligible Binance users.
In order to be eligible, users must have completed the KYC verification process and have had an account balance of at least 0.1 ETH as of March 12th, 2019.
The distribution of the FET tokens will be based on a snapshot of users’ ETH balances taken at 00:00:00 UTC on March 15th. Users will receive 1 FET token for every 10 ETH they hold in their account at that time.
For example, if you have 1 ETH in your account, you will receive 0.1 FET; if you have 10 ETH in your account, you will receive 1 FET, etc.
The FET tokens will be distributed to users’ accounts within 2 weeks after the snapshot is taken. Users do not need to do anything in order to receive their tokens; they will simply appear in their account balances after the distribution is complete.
This is great news for those who are holding ETH in their Binance accounts! Be sure to check your balance on March 15th to see how many FET tokens you will receive from the airdrop.