In a recent move to attract cryptocurrency enthusiasts, Binance unveiled its anticipated altcoin project, RESOLV, as part of the HODLer Airdrops initiative. This unique opportunity allows users who invest their BNB coins in Simple Earn or On-Chain Yields products from May 28 to May 31 to earn RESOLV coins. These coins will be automatically added to users' wallets and will be tradable on the Binance platform starting June 11.
●• How do HODLer Airdrops work?
RESOLV is one of the currencies rooted in the decentralized finance (DeFi) sector, offering a stablecoin known as USR, backed by reserves of Ethereum and Bitcoin. As the main network asset of the issuer, RESOLV becomes the twenty-first participant in Binance's HODLer Airdrops series. The distribution process of these coins is specifically designed for those who allocated their Binance Coin (BNB) to support products during the designated period. What should users know about the launch of RESOLV?
On June 11, at exactly 5:30 PM, the Binance platform will enable instant trading of RESOLV coins. Users will find the currency listed under pairs such as USDT, USDC, BNB, FDUSD, and TRY, noting that it will carry a 'reference mark' reflecting its volatility. This ensures that interested traders can access and manage their holdings efficiently. This listing aims to enhance user experience and effectively engage participants in the trading process.
Binance plans to distribute 20 million RESOLV coins, representing 2% of the total supply of one billion. Each user's allocation is determined by studying the average BNB holdings during the specified time frame, with no participant receiving more than 4% of the total supply. Binance reaffirms its commitment to promoting a fair distribution strategy for all investors.
Currently, RESOLV exchanges are in the alpha market of Binance. However, once it transitions to instant trading on June 11, this listing will end. This process will increase the circulating supply of RESOLV coins to approximately 155.75 million. Additionally, Binance has allocated 5 million RESOLV coins for immediate promotion after the listing and user engagement campaigns.
The launch of the RESOLV currency confirms Binance's strategic approach to harnessing the potential of emerging cryptocurrencies. By intelligently utilizing reserve assets such as Ethereum and Bitcoin, and structuring rewards based on user participation, Binance has set a precedent for the future launch of alternative currencies.
The integration of RESOLV into the Binance platform not only expands its investment portfolio but also highlights its ongoing commitment to innovating cryptocurrency offerings for its user base. Enthusiasts can look forward to strong trading options and marketing initiatives as RESOLV cements its presence in the market.