Binance is conducting airdrops for three separate tokens: HAEDAL, ALLO, and TGT. Since the announcement, the price of Haedal has increased by over 60%.
Haedal was first released in April, but two other assets are launching today with TGE. The token was previously exclusive to the DeFi ecosystem, making Binance the first centralized exchange to list it and conduct an airdrop.
The HAEDAL airdrop from Binance is attracting attention.
Binance, the largest cryptocurrency exchange in the world, currently dominates the airdrop sector. The hunt for airdrops recently boosted Binance Alpha's trading volume to $2.8 billion, and the company shows no signs of slowing down.
Today, Binance is conducting an airdrop for Haedal, which has generated a high level of engagement:
“Binance is pleased to announce the 19th project on the HODLer Airdrops page – Haedal Protocol (HAEDAL), a liquid staking protocol built on the Sui blockchain. Users who stake their BNB on Simple Earn (flexible and/or locked) and/or On-Chain Yields products will receive airdrop distribution,” says the announcement from Binance.
Haedal, a liquid staking platform for SUI, first launched its TGE nearly a month ago. The company rewards users for staking SUI by providing them with haSUI tokens to obtain DeFi liquidity while passively earning rewards.
HAEDAL was previously available on DEXs and other DeFi institutions, but Binance is the first major exchange to list it. Accordingly, its value has increased by over 60%. However, while the value of Haedal has significantly risen, there is some discontent regarding Binance's airdrop tokenomics. Several fan accounts have criticized the high allocation of tokens specifically aimed at Binance Alpha users.
However, these concerns mostly pertained to the April TGE, and negative feedback has significantly decreased today.
Two more TGEs have been added to Binance.
In addition to the Haedal airdrop, Binance is also participating in two TGE events. The first, ALLO, pertains to a firm focused on the tokenization of financial assets.
Binance recently showed increased interest in the real asset (RWAs) sector, so this move is logical. The event will take place tomorrow, and users will need to spend Binance Alpha points to participate.
Another Binance TGE concerns the Tokyo Games Token, which is launching the asset TGT. This airdrop will take place today, under similar rules to the ALLO event.
Several exchanges are now listing TGT, but Binance Alpha is the first platform to present it. TGT aims to combine AAA games with the growing Web3 ecosystem.
Regardless of how these two assets perform, HAEDAL has significantly benefited from the Binance airdrop. The exchange's ability to support young token projects through its platform and user base undoubtedly remains strong.#BinanceSquare #Write2Earn #crypto #Binance #trading $USDC
