Binance’s 31st HODLer Airdrop: Unlocking 15 Million PROVE Tokens for Eligible BNB Holders

Key Takeaways

1. Binance Launches 31st HODLer Airdrop: Eligible BNB holders can receive 15 million PROVE tokens effortlessly—no additional actions required beyond past staking.

2. What is PROVE?: Powered by Succinct, PROVE fuels a decentralized zero-knowledge (ZK) prover network, with 19.5% of its supply reportedly unlocked at launch. Trading is set for August 5.

3. Eligible Users: Those who staked BNB from July 9 to July 12 in Simple Earn or On-Chain Yields are the fortunate recipients, with tokens landing into their spot wallets directly.

Overview of the Airdrop

Binance recently announced a significant airdrop, tapping into its growing HODLer Airdrop program, which rewards users based on past BNB holdings. If you were one of the lucky ones who staked BNB during a specific four-day window, you may receive a share of the 15 million PROVE tokens.

This relatively new initiative not only serves existing Binance fans but also aligns with the platform’s increasing interest in decentralized finance (DeFi) and innovative technologies like zero-knowledge proofs.

What Exactly is PROVE?

PROVE, created by Succinct, isn’t just another token in the sea of cryptocurrencies; it has the unique distinction of powering a decentralized zero-knowledge prover network. This foundational tech is critical as it enhances privacy, scalability, and trustless computations.

One of PROVE’s primary goals is to democratize the access and efficiency of generating zero-knowledge proofs. What’s noteworthy about PROVE is its zkVM (Zero-Knowledge Virtual Machine) called SP1. This allows developers to create ZK proofs without needing extensive cryptographic knowledge, simply by using standard code and leveraging the network.

The Role of the PROVE Token

The utility of the PROVE token is multifaceted:

• Incentivizing Provers: The token encourages provers to deliver ZK proofs with reliability.
• Facilitating Transactions for Requesters: dApps and protocols can utilize PROVE to pay for proof generation.
• Governance: Holders will have a say in protocol upgrades, ensuring a democratic approach to the network’s evolution.

With other projects like zkSync and StarkWare gaining traction, PROVE enters a competitive but potentially lucrative market.

Who Is Eligible for the 15M PROVE Airdrop?

Eligibility Criteria

If you held BNB and participated in Simple Earn (Flexible/Locked) or On-Chain Yields from July 9 to July 12 (UTC), congratulations! Binance will distribute a total of 15,000,000 PROVE tokens to eligible users based on historical snapshots of user balances taken during that period.

Key Tokenomics

• Total Supply: 1,000,000,000 PROVE
• Airdrop Allocation: 15,000,000 PROVE (1.5%)
• Circulating Supply at Listing: 195,000,000 PROVE (19.5%)
• No Listing Fee: Binance has waived any listing fees for PROVE.
• Marketing Reserve: An additional 5 million PROVE is earmarked for marketing six months post-launch.

These tokens will be credited to Binance users’ Spot Wallets at least one hour before trading begins on August 5 at 17:00 UTC.

Understanding KYC & Restrictions

It’s essential to note that only KYC-verified users in eligible jurisdictions will partake in this airdrop. Users from regions like the U.S., U.K., Australia, and Canada are excluded. Additionally, users with open Spot Copy Trading portfolios can enable PROVE pairs, and trading bots will support it shortly after listing.

Trading PROVE Token: The Date and Pairs

Trading for PROVE is officially set to open on August 5 at 17:00 UTC on Binance Spot. Available trading pairs include:

• PROVE/USDT
• PROVE/USDC
• PROVE/BNB
• PROVE/FDUSD
• PROVE/TRY

Following the airdrop, users can start depositing PROVE from 04:00 UTC on August 5. After the launch, balances from Binance Alpha will auto-transfer to Spot accounts within 24 hours.

Why Binance’s HODLer Airdrops Are Popular

Binance has created a unique offering with its HODLer Airdrops, which differ from traditional launchpads or token sales. By rewarding users based on past BNB holdings, the program simplifies and incentivizes engagement.

Benefits of HODLer Airdrops

• Low-friction: No need for complex staking or farming.
• Retroactive rewards: You may receive tokens without even realizing you qualified.
• Exclusivity: Only specific time frames qualify for participation.

Users who engage in Simple Earn or On-Chain Yields can access various rewards, not just airdrops like PROVE but also Launchpool and Megadrop rewards, nurturing a robust ecosystem for long-term BNB holders.

To date, Binance has conducted 31 such airdrops, establishing a passive yet rewarding DeFi yield strategy.

Important Notes for Traders

As with any new token listing, traders should be prepared for:

• High Volatility: Expect fluctuating prices within early trading hours.
• Scams and mimics: Stay vigilant against fake tokens on decentralized exchanges (DEXs).

• Verify Contract Addresses: Ensure you’re trading the correct token:

  • Ethereum: 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29
  • BNB Chain: 0x7DDf164CEcfddd0f992299D033B5a11279A15929

Furthermore, it’s worth noting that Binance has not charged a listing fee for PROVE—a sign of internal confidence in the project and its potential. However, PROVE is classified under a "Seed Tag," indicating it’s still in early developmental stages, posing both risks and opportunities for investors.

Stay updated through Binance’s official channels for future HODLer Airdrop opportunities and other important announcements.