Binance has announced support for the Pixel (Pixel) coin airdrop, intended for eligible users of Ronin (RON) locked products. This initiative represents an important milestone for Ronin users in the Binance ecosystem.
Eligibility criteria for Pixels airdrop token on Binance
According to details of the announcement, the airdrop is set to recognize different levels of engagement among Ronin Locked Products subscribers. Accordingly, the rewards will range from 183.34p for the lowest level to 3,955.11p for the highest level subscribers.
“Eligible Ronin Locked Products users will receive PIXEL tokens in their spot wallets based on their total Ronin Locked Products subscription amount at snapshot time 2024-02-08 at 23:59 (UTC),” Binance said.
However, it is important to note that the eligibility criteria are strict, emphasizing the need for a verified account and an active status for Ronin Locked Products. This initiative strategically excludes US persons and entities and sanctioned countries, while committing to regulatory compliance and ensuring a fair distribution process.
Last month, Pixels revealed its ambitious plan to distribute 20 million PIXEL tokens to the loyal Ronin Network community. This decision is pivotal, and aims to reward the unwavering support of RON token pledgers. By categorizing stakeholders into four distinct levels, Pixels ensures a fair reward system, which can be up to 3,955 pixels per eligible wallet.
Pixels Token Airdrop levels. Source Binance
Furthermore, Binance's recent support for the Dymension (DYM) token airdrop underscores its strategic move to expand trading opportunities for its users. The inclusion of DYM spot trading pairs introduces a new dimension of investment possibilities.
However, the effectiveness of airdrops as a tool for maintaining long-term engagement is still a topic of debate within the cryptocurrency community. While they provide an accessible entry point for newcomers, the challenge is retaining these participants after the initial incentive.
Recent observations, such as the Starknet token event, highlight the fleeting nature of post-airdrop engagement, casting doubt on the effectiveness of the strategy in fostering a truly committed user base.
