#SparkBinanceHODLerAirdrop

Airdrop is the process of distributing digital currencies or new tokens for free to users of cryptocurrency platforms such as Binance. The goal of the airdrop is to promote a new project or reward users who hold certain coins (HODLers) in their wallets. Airdrops often require simple conditions such as holding a specific coin in your account for a certain period, and users usually do not need to take any additional action.

**Real-world example: SUI airdrop on Binance platform**

In 2023, the Binance platform conducted an airdrop for the **SUI** coin, which is specific to a new blockchain project. The airdrop was dedicated to users who participated in the Binance Launchpool program and stored BNB, TUSD, or other supported coins on the platform.

**The participation steps were as follows:**

1. Users staked their digital currencies in the Launchpool during a specific period announced by Binance.

2. After the period ended, Binance calculated the average balances of users.

3. SUI coins were distributed for free to users based on the amount of coins they staked and the duration of the staking.

This type of airdrop encouraged users to keep their coins on the platform and participate in new projects, while also giving them the opportunity to obtain new coins for free that may increase in value in the future.

**Important tips:**

- Always follow the official announcements from the Binance platform to stay updated.