#SparkBinanceHODLerAirdrop

Airdrop is the process of distributing cryptocurrency 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 during a certain period, and users usually do not need to take any additional action.

**Real Example: SUI Airdrop on Binance Platform**

In 2023, Binance conducted an airdrop for the **SUI** coin, which is associated with a new blockchain project. The airdrop was designated for users who participated in the Binance Launchpool program and had staked coins $BNB or other supported coins on the platform.

**The participation steps were as follows:**

1. Users staked their cryptocurrencies in Launchpool during a specific period announced by Binance.

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

3. Free coins were distributed to users based on the amount of coins they had staked and the duration of the staking.

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