#BinanceHODLerLA What does it mean to be a HODLer on Binance?

Long-term investment:

A HODLer buys cryptocurrencies like BNB and holds onto them for an extended period, expecting their value to increase over time.

Focus on long-term growth:

Unlike traders who seek quick profits through short-term trades, HODLers are more interested in the long-term growth potential of the project and the ecosystem.

Confidence in the project:

HODLers often have great confidence in the project and the future of the cryptocurrency they are holding.

Less concern about market fluctuations:

HODLers tend to be less susceptible to short-term market fluctuations, as their focus is on long-term growth.

Why is the term HODL used?

The term "HODL" originally arose as a typographical error in a Bitcoin forum where a user wrote "I am HODLing" instead of "I am holding." The mistake became a sort of joke and a popular term within the cryptocurrency community.

How is it applied?

On Binance, many users are HODLers of BNB, the native cryptocurrency of the platform. By holding BNB, users can benefit from: Transaction fee discounts:

Binance offers discounts on transaction fees for users who use BNB.

Participation in Launchpad and Launchpool:

BNB users can participate in the launches of new projects on Binance Launchpad and Launchpool.

Airdrops:

Binance offers token airdrops to BNB holders as part of its Binance HODLers Airdrops program.

Scarcity of BNB:

Binance uses part of its profits to buy back and burn BNB, which reduces the token supply and may increase its value over the long term.

In summary, a HODLer is a long-term investor who holds BNB in the hope that its value will increase over time, taking advantage of the benefits that the platform offers to its BNB holders.