On May 21, Binance announced the 19th project on the HODLer Airdrops portal – Haedal Protocol (HAEDAL), prior to its listing on the exchange.

Haedal Protocol is a liquidity staking protocol built on the Sui blockchain. The project promises to unlock liquidity and amplify returns, allowing users to stake SUI and use haSUI to participate in DeFi activities on Sui with profit-generating liquidity.

Haedal Protocol is supported by several projects, including Animoca Ventures, Hashed, OKX Ventures, and many others.



Details about the HAEDAL HODLer Airdrop

In the official announcement, Binance revealed that users who registered their BNB in Simple Earn products (Flexible and/or Locked) and/or On-Chain Yields starting from May 10 at 00:00 (UTC) until May 13 at 23:59 (UTC) will be eligible for the airdrop.

The exchange has listed the following important details in its official notes:

  • The total Genesis token supply is 1 billion HAEDAL tokens.

  • The maximum token supply is 1 billion HAEDAL tokens.

  • The HODLer Airdrops token reward is 30 million HAEDAL tokens or 3% of the total maximum token supply.

  • The circulating supply when Binance lists is 195 million HAEDAL tokens, accounting for 19.5% of the maximum token supply.

  • The listing fee will be zero.

Binance also lists detailed information about the smart contract/network for HAEDAL on the BNB Smart Chain and SUI.

Binance HODLer Airdrops is a program created by the cryptocurrency exchange, rewarding users retroactively based on a snapshot of their BNB holding history.

This cryptocurrency exchange also disclosed that they would list this digital asset today.

HAEDAL Listing Details on Binance

On May 21 at 15:00 (UTC), Binance will list the following trading pairs:

  • HAEDAL/USDT

  • HAEDAL/USDC

  • HAEDAL/BNB

  • HAEDAL/FDUSD

  • HAEDAL/TRY

The exchange will list HAEDAL with a seed tag applied, meaning this project is newer and may have higher volatility compared to other tokens that have been listed.

Binance also announced that interested users can start trading HAEDAL on Binance Alpha.

HAEDAL Price Soars

The price of HAEDAL surged over $27 following Binance's announcement. This digital asset was trading at $0.13 and soared above $0.16 immediately after the exchange's announcement, reaching a market capitalization of over $32 million.

This digital asset continues to soar, reaching a market capitalization of $33 million previously. At the time of writing this article, HAEDAL is trading at nearly $0.16, with a market capitalization of over $32 million.