BinanceHODLerTHE

Note: Please do your own research before making any trades for the aforementioned token outside Binance to avoid any scams and ensure the safety of your funds.
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce the second project on Binance Airdrops Portal - Thena (THE), the DEX and liquidity layer built on BNB Chain and opBNB. Users who subscribed their BNB to Simple Earn Flexible or Locked products from 2024-11-06 00:00 (UTC) to 2024-11-13 23:59 (UTC) will get the airdrop distribution. The THE HODLer Airdrops page is estimated to be available in 12 hours, and the new token will be distributed to users’ Spot Wallet 1 hour before trading starts.
Binance will then list THE at 2024-11-27 10:00 (UTC) and open trading with THE/BTC, THE/USDT, THE/BNB, THE/FDUSD and THE/TRY trading pairs. The seed tag will be applied to THE.
THE HODLer Airdrops Details
Token Name: Thena (THE)Total Token Supply: 206,863,770 THE Max Token Supply: 326,120,291 THE HODLer Airdrops Token Rewards: 21,750,000 THE (7% of max token supply)Smart Contract Details:BNB Chain , 0xF4C8E32EaDEC4BFe97E0F595AdD0f4450a863a11Research Report: Thena (THE) (will be available within 12 hour of publishing this announcement)BNB holding hard cap: User’s average BNB holdings in Simple Earn/ total average BNB holding * 100% ≤ 4% (If the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%)
Introducing Binance HODLer Airdrops
Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. By subscribing BNB to Simple Earn Flexible or Locked products, users are automatically eligible for HODLer Airdrops (as well as Launchpool and Megadrop rewards).
Unlike other earning methods that require ongoing actions, HODLer Airdrops reward users retroactively, offering a simple way to earn additional tokens. By subscribing BNB to Simple Earn products, users can automatically qualify for token rewards.
How to Benefit from HODLer Airdrops
Head to [Earn] and search for BNB. Subscribe to Simple Earn products (Flexible and/or Locked) with your BNB holdings.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances in Simple Earn products (Flexible and/or Locked). Binance will use historical snapshots of user balances at random periods after this announcement to calculate user rewards. For example, reward calculation for HODLer Airdrops on 2024-06-11 may use snapshots of user balances between 2024-06-01 to 2024-06-07 as reference.Eligible users will receive HODLer Airdrops rewards in their Spot Wallets within 24 hours after the HODLer Airdrops is announced.
Project Links
WebsiteXWhitepaper
Terms & Conditions
Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in HODLer Airdrops.The airdrop token will be automatically transferred to each user’s Spot Wallet before it lists on Binance Spot.If there is more than one HODLer Airdrops projects running concurrently, users' BNB assets in BNB Simple Earn Products (both Flexible and Locked) will be allocated into those projects unless otherwise specified.BNB Simple Earn assets collateralizing against Binance Loans (Flexible Rate) are not entitled to HODLer Airdrops rewards.BNB subscribed to Simple Earn products will still provide users with the standard benefits for holding BNB, such as Launchpool, Megadrop, and HODLer Airdrops eligibility and VIP benefits.
Participation in HODLer Airdrops is subject to eligibility based on the user's country or region of residence. Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Trading Bots & Spot Copy Trading will be enabled for the aforementioned token within 24 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.Users need to be from an eligible jurisdiction to participate in THE HODLer Airdrops. Currently, users residing in the following countries or regions will not be able to participate by subscribing to BNB Simple Earn Products: Australia, Canada, Cuba, Crimea Region, Cyprus, Donetsk, Hong Kong, Iran, Japan, Kazakhstan, Luhansk, New Zealand, Netherlands, North Korea, Russia, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
Thank you for your support!
Binance Team
2024-11-26
Note: This announcement was amended on 2024-11-26 to update the project’s Max Token Supply.

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#MarketBuyOrHold?
1. *Market Volatility*: Understand that markets fluctuate, and prices can drop before rising again.
2. *Holding vs. Selling*: Weigh the pros and cons of holding assets for potential bigger profits versus selling for current gains.
3. *Learning to Trade*: Develop trading skills through education, practice, and experience.
4. *Technical Analysis (TA)*: Study various TA parameters, such as:
- Relative Strength Index (RSI): Identifies overbuying and overselling.
- Other indicators (e.g., Moving Averages, Bollinger Bands).
5. *Combining Signals*: Learn to combine signals from multiple TA indicators to make informed trading decisions.
6. *Discipline and Patience*: Cultivate discipline and patience to avoid impulsive decisions based on emotions.
*Let's Do This!*
You're on the right track, and I'm happy to support you on this journey! Keep learning, practicing, and refining your trading skills.
What's your next step in improving your trading skills? $BTC $ETH $BNB $ENA
#MarketBuyOrHold?
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Elon Musk, the renowned tech entrepreneur behind companies like Tesla, SpaceX, and Twitter, is once again stirring up controversy with his latest statements. This time, his target is the Consumer Financial Protection Bureau (CFPB), a U.S. government agency tasked with safeguarding consumers in the financial sector. Musk, known for his unconventional views and willingness to challenge established systems, has called for the abolition of the CFPB, a move that could have far-reaching implications for both consumers and the financial industry.
The CFPB: What It Is and Why It Was Created
The Consumer Financial Protection Bureau was established in 2011, following the 2008 financial crisis, as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Its mission is to oversee and regulate consumer financial products and services, ensuring that they are fair, transparent, and free from deceptive or predatory practices. The CFPB’s reach spans a wide array of sectors, including mortgages, credit cards, student loans, and payday loans, with the goal of protecting vulnerable consumers from exploitative practices.
The bureau has the authority to enforce regulations, supervise financial institutions, and take action against companies that violate consumer rights. Over the years, the CFPB has garnered both praise and criticism, with proponents lauding its efforts to hold big banks and financial institutions accountable, while detractors argue that it imposes burdensome regulations that stifle economic growth and innovation.
Musk’s Criticism: A Call for Less Regulation
Elon Musk’s call for the abolition of the CFPB is grounded in his broader libertarian philosophy and belief in minimal government intervention in the market. Musk has long been a vocal advocate for reducing regulatory oversight, arguing that excessive regulation inhibits innovation and economic progress. His stance on the CFPB reflects this mindset, as he contends that the agency’s existence leads to overregulation, making it harder for businesses, especially startups, to thrive.
In a recent interview, Musk argued that the CFPB, while intended to protect consumers, often creates more harm than good. According to him, the agency's enforcement actions and rules disproportionately burden smaller companies and entrepreneurs, who lack the resources to navigate the complex regulatory landscape. Musk suggested that consumers are capable of making informed decisions on their own, and that market forces—rather than government oversight—should be the primary mechanism for ensuring fairness in financial services.
The Potential Impact of Abolishing the CFPB
Musk’s proposal to dismantle the CFPB is likely to spark intense debate, with both supporters and critics offering compelling arguments. If the CFPB were abolished, financial institutions would face fewer regulations and oversight, potentially leading to a more deregulated market. For supporters of Musk’s view, this could create a more dynamic and competitive financial landscape, where businesses have greater freedom to innovate and consumers have more options.
However, critics of Musk’s proposal warn that the elimination of the CFPB could leave consumers more vulnerable to predatory lending, deceptive practices, and financial instability. Without the bureau’s oversight, financial institutions may be more inclined to exploit consumers for profit, particularly those who are less financially savvy or who face economic hardship. The 2008 financial crisis, which led to the creation of the CFPB, is still fresh in the minds of many, and the idea of returning to a less regulated financial environment raises concerns about a repeat of the disastrous outcomes that followed the last deregulation push.
A Divisive Issue: Public Reactions and Political Implications
Musk’s proposal is likely to divide opinion along ideological lines. Libertarians and free-market advocates will likely support his call for a smaller government role in financial regulation, while progressives and consumer advocates will argue that the CFPB plays a vital role in protecting vulnerable populations from corporate abuse.
The political landscape also plays a significant role in how this debate unfolds. In recent years, there has been increasing polarization over the role of government in regulating businesses. Republicans and conservatives tend to favor a reduction in regulatory agencies, seeing them as overreach that stifles free-market capitalism. On the other hand, Democrats and liberals often view regulatory bodies like the CFPB as essential safeguards for consumers, particularly those from low-income or marginalized communities.
The Future of Financial Regulation
While Musk’s call for the abolition of the CFPB may not immediately lead to its dissolution, it signals a larger conversation about the role of government in financial oversight. As financial markets evolve and new technologies like cryptocurrencies and artificial intelligence reshape the landscape, regulators will face increasing pressure to balance consumer protection with innovation. Musk’s proposal challenges the status quo, but it also underscores the ongoing debate about the balance between regulation and freedom in the financial sector.
Whether or not Musk’s vision of a deregulated financial future becomes a reality, one thing is clear: the conversation about the future of consumer financial protection will continue to be a focal point in the ongoing dialogue about government regulation, market forces, and the rights of consumers.
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