On July 28, Binance announced its twenty-ninth project on the HODLer Airdrops platform - Treehouse (TREE), prior to the listing of this cryptocurrency.
The cryptocurrency trading platform has created a HODLer Airdrops portal to reward its users retroactively based on their BNB holdings.
Treehouse is a decentralized fixed income platform.
●▪︎ Binance's announcement about the TREE HODLer Airdrop
Binance revealed in its official notes that users who subscribed with their BNB coins in Simple Earn products (flexible and/or locked) and/or On-Chain Yields from July 10 at 00:00 (UTC) until July 13 at 23:59 (UTC) are eligible to benefit from the upcoming Airdrop.
The cryptocurrency trading platform also listed the following important details about TREE and the Airdrop process:
▪︎ The total Genesis supply of TREE tokens will be one billion tokens.
▪︎ The maximum token supply will be one billion TREE tokens.
▪︎ The distribution rewards for HODLer Airdrop tokens will be 12.5 million TREE tokens, which is equivalent to 1.25% of the total token supply.
▪︎ An additional amount of 12.5 million TREE tokens will be allocated for future marketing campaigns six months after the immediate listing.
▪︎ The circulating supply on Binance will exceed 156.1 million TREE tokens, which is equivalent to 15.61% of the total token supply.
▪︎ There will be no listing fee for the TREE token.
Binance also shared details about TREE for the BNB chain and Ethereum blockchain.
The cryptocurrency platform revealed the details of the TREE listing in the same announcement.
●▪︎ Details of the TREE listing on Binance
Binance will list the following trading pairs for TREE on July 29 at 14:00 (UTC):
▪︎ TREE/USDT
▪︎ TREE/USDC
▪︎ TREE/BNB
▪︎ TREE/FDUSD
▪︎ TREE/TRY
TREE will be listed by the platform with a Seed tag added. This means that the project is new and may show higher fluctuations compared to previously listed projects. Users are advised to start investing in TREE immediately.
Users can start depositing TREE today, July 28, at 16:00 (UTC).
The cryptocurrency platform also announced that it will list TREE first on the Binance Alpha platform. This is Binance's platform for showcasing projects in their early stages that have growth potential in the Web3 environment.