The Binance Smart Chain Airdrop is a program that distributes tokens or currencies to users that meet specific requirements on the Binance Smart Chain network. This network facilitates smart contracts and is compatible with Ethereum. Discover the steps to join and grab your portion of the token riches.
What is a Binance Smart Chain Airdrop?
Free tokens or coins are distributed to users that fulfill particular requirements in an airdrop, such as holding a certain amount of another token, participating in a network activity, or even just joining up for a service, on the Binance Smart Chain. Binance Smart Chain is a blockchain network that allows users to promote new projects, reward loyal customers, or increase network effects. It supports smart contracts and may be used in conjunction with Ethereum.
If you’re looking for a Binance Smart Chain airdrop to join or anticipate in 2024, we’ve got you covered.
CEEK: Using its own VR headset, the DeFi platform CEEK allows users to stream virtual events. It establishes a trustworthy entertainment industry while bringing consumers closer to their favorite artists, producers, and athletes. Enticing 1,000 lucky people to accomplish easy tasks on their Telegram page, CEEK is airdropping 10,000 CEEK tokens.
Liquifi Exchange: Users of the BSC network have access to Liquifi Exchange, a decentralized digital asset exchange that facilitates farming pools and swap functionalities. Participants in the airdrop must first register by filling out a short form and then finish a series of easy activities on their Telegram page.
PancakeSwap: For BSC, the best decentralized exchange (DEX) is PancakeSwap, where users may buy, sell, stake, farm, and earn tokens. If you use the [Binance Web3 Wallet] to trade any token on PancakeSwap between December 5 and December 31, 2023, you may be one of 100 lucky individuals to receive 1,000 CAKE tokens via airdrop.
Chainlink: Smart contracts can be linked to real-world data, events, and payments through Chainlink, a decentralized Oracle network. One thousand users who use the Chainlink documentation to integrate their smart contracts with Chainlink on BSC will receive 100 LINK tokens as an airdrop from Chainlink.
Baby Doge Coin: The meme token known as “Baby Doge Coin” is an attempt to improve upon Dogecoin. More benefits for holders, quicker transactions, and cheaper fees are all features of this cryptocurrency. Airdropping 10,000,000,000 Baby Doge tokens to 10,000 Twitter followers who RT their pinned tweet is happening right now using Baby Doge Coin.
Venus: Borrowing and lending a variety of crypto assets on BSC is made possible by Venus, a decentralized money market and lending platform. For every 500 users who utilize the Venus app to deposit or borrow an asset, the platform will airdrop 100 XVS tokens.
Swipe: You can purchase, sell, and spend all sorts of cryptocurrencies using Swipe, a digital wallet and debit card platform that supports many assets. For the first two thousand people who register for the Swipe Card and spend fifty dollars or more on cryptocurrencies, the company is offering an airdrop of fifty SXP tokens.
Tranchess: The tokenized asset management and derivatives trading system Tranchess is based on BSC and has a chess motif. Anyone utilizing the Tranchess app to stake BNB on their platform will be eligible to get 10 CHESS tokens as an airdrop from Tranchess.
CryptoBlades: Users of the BSC role-playing game (RPG) CryptoBlades can design, trade, and fight with their own one-of-a-kind characters and weaponry. For every 500 users that make a character and finish a quest on the CryptoBlades website, the developers will airdrop one SKILL token.
Starknet: Starknet uses zero-knowledge proofs (ZKPs) to achieve low costs and high throughput; it is a decentralized, scalable, and secure Layer 2 solution for Ethereum and BSC. If one thousand users implement a smart contract on their network based on the Starknet documentation, Starknet will airdrop one hundred STN tokens to them.
- Read More:
- Best AI Stock Trading Bots
- Kitty Kat Coin: The Ultimate Guide to Cryptocurrency Trading
- What is the advantage of starting to invest at a young age?
How does the Binance smart chain work?
Running parallel to the Binance chain—which is where the Binance DEX and BNB currency are based—is the Binance smart chain (BSC). The BSC is able to run decentralized applications (DApps) that are comparable to those on Ethereum because it supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM). The Proof of Staked Authority (PoSA) consensus process, which is used by BSC, allows for inexpensive and quick transactions. The 21 validators chosen by BNB stakers are responsible for producing blocks and validating transactions. For the Binance ecosystem and beyond, BSC aspires to offer a high-performance and adaptable platform.
How do I participate in a Binance Smart Chain Airdrop?
Users that fulfill particular requirements, such as holding a certain amount of another token, participating in a network activity, or simply signing up for a service, can receive free tokens or currencies through a Binance Smart Chain Airdrop. Follow the instructions provided by the project running the airdrop if you want to take part in a Binance Smart Chain airdrop. The most up-to-date list of Binance Smart Chain airdrops is available on AirdropAlert and the Binance Airdrop Portal.
For instance, if you want to take part in the CEEK Airdrop, you have to finish these steps on their Telegram page.
- Participate in their Telegram channel and group.
- Get on board with their Twitter feed and retweet the tweet they’ve pinned.
- Fill out the airdrop bot with your information, including your BSC wallet address.
If you are one of the 1,000 fortunate winners, you will get 10,000 CEEK tokens. With the current price of CEEK being $0.03, the airdrop is valued at almost $300 for every winner.
You must adhere to the instructions provided on the AirdropAlert website in order to take part in the Quantum Moon Airdrop.
- Sign in with your BSC wallet on their website.
- Participate in their Telegram channel and group.
- Get on board with their Twitter feed and retweet the tweet they’ve pinned.
- Fill out the airdrop form with your information.
Anyone who is fortunate enough to be one of the five thousand winners will earn half a billion QMM tokens. The airdrop is valued at around $5,000 for every winner, given that the current price of QMM is $0.00000001.
Binance Smart Chain airdrop price
Free tokens or coins are distributed to users that fulfill particular conditions, such as holding a certain amount of another token, participating in a network activity, or simply signing up for a service, through Binance smart chain airdrops. Airdrop prices are subject to market forces, including supply and demand and the current value of the tokens or coins being given out.
You can find a list of all the airdrops happening on the Binance smart chain right here on the Binance Airdrop Portal.
CEEK: An innovative VR headset by DeFi that allows users to watch virtual events online. Enticing 1,000 lucky people to accomplish easy tasks on their Telegram page, CEEK is airdropping 10,000 CEEK tokens. With the current price of CEEK being $0.03, the airdrop is valued at almost $300 for every winner.
Quantum Moon: A token used for hedging purposes that is deflationary. Five thousand lucky people can win half a million QMM tokens from Quantum Moon via an airdrop if they follow the instructions on the AirdropAlert website. The airdrop is valued at around $5,000 for every winner, given that the current price of QMM is $0.00000001.
JoshuSun: A meme coin that, regardless of activity, pays out 15% of BNB in fixed rewards. For three consecutive installments, JoshuSun is airdropping five million SUN tokens. To take part in this BSC airdrop, just follow the instructions on the AirdropAlert website. The airdrop is valued at around $500 for every winner, given that SUN is now selling at $0.0001.
Benefits of Participating in Binance Smart Chain Airdrop
- On Binance Smart Chain, a blockchain network that facilitates smart contracts and compatibility with Ethereum, you have the opportunity to acquire tokens at reduced or complimentary prices from promising projects.
- The Binance ecosystem, its partners, and the creation, innovation, and acceptance of decentralized apps (DApps) on Binance Smart Chain can all benefit from your sponsorship.
- Get a better understanding of Binance Smart Chain, its projects, and the crypto space’s advantages and disadvantages.
- You have the opportunity to connect with individuals who share your interests in cryptocurrency, join a dynamic community of developers, investors, and enthusiasts, and more.
Risks of Participating in Binance Smart Chain Airdrop
Scam airdrops: The goal of some fraudulent or malicious airdrops is to deceive users into visiting scam websites or phishing pages that will ask for sensitive information such as private keys, wallet credentials, or personal information. Additionally, the token values displayed in these airdrops may be inflated or false, rendering them useless on any exchange or trading platform. Never give up your private keys or wallet passwords to just anyone; users should exercise caution and conduct their own investigation before participating in any airdrop.
Gas fees: Even though the transaction fees on Binance Smart Chain are lower than Ethereum’s, users will still have to pay gas fees in order to claim or interact with the airdropped tokens. These gas prices might go up or down depending on factors like smart contract complexity and network congestion. To prevent spending too much on airdrops with little value, users should always verify the gas pricing and gas limit before confirming a transaction.
Regulatory uncertainty: Depending on the user’s country and the token’s characteristics, airdrops could also have legal and tax consequences. Authorities may classify some airdrops as income or capital gains, meaning users are obligated to declare and pay taxes on them as such. Participation in some airdrops may put consumers in danger of legal repercussions due to their potential violation of securities laws or anti-money laundering legislation in some countries. Prior to participating in any airdrop, users should always seek the advice of a qualified expert and ensure they are in compliance with local laws.
Tips for Maximizing Airdrop Rewards points
You may track your engagement with different cryptocurrency projects that provide free tokens or coins to individuals who fulfill specific requirements with airdrop rewards points. On many blockchain systems, airdrops can be used to promote new projects, reward loyal consumers, or increase network effects. If you want to get the most out of your airdrop rewards points, try these strategies.
Research the project: It is recommended that you familiarize yourself with the project’s staff, vision, tokenomics, and plan before participating in any airdrop. In addition to avoiding phishing and scams, you should verify the project’s credibility and legitimacy. To learn about and assess different cryptocurrency projects, you can utilize tools like CoinGecko and CoinMarketCap.
Follow the instructions: Holding a certain quantity of another token, taking part in a network activity, or even just joining up for a service are some of the regulations and criteria that come with each airdrop. To be eligible for the airdrop, you must follow the directions to a T and complete all of the objectives. Also, remember when the airdrop is due and when you may expect to receive your tokens.
Use multiple wallets: To enhance your odds of getting additional tokens or coins, you can participate in some airdrops with more than one wallet or address. Be wary of abusing this feature, though, because some airdrops contain penalties for multiple entries or anti-cheating systems. Never give out your private keys or passwords to anyone, and always use trusted and secure wallets.
Engage with the community: If you’re a member of the project’s community and actively participate in things like their Telegram channel, Twitter, or retweets, you can be eligible for an airdrop as a reward. You may find out more about the project and its updates and gain extra points by doing this. Additionally, you have the opportunity to connect with like-minded crypto fans and exchange ideas on how to make the most of airdrop benefits.
Explore different platforms: Ethereum, Binance Smart Chain, and Solana are just a few of the blockchain systems that might host airdrops. By utilizing compatible wallets or bridges, you can access these sites, learn about their projects, and participate in their airdrops. You can find fresh chances and developments in the crypto industry and diversify your portfolio using this.
What is the difference between Binance Chain and Binance Smart Chain?
Binance is the world’s top cryptocurrency exchange, and it offers two separate but linked blockchains: Binance Chain and Binance Smart Chain. A decentralized marketplace for trading crypto assets, including Binance Coin (BNB), Binance’s native currency, and Binance Chain, was created in April 2019 by Binance. Though it’s built for safe and quick transactions, Binance Chain isn’t compatible with smart contracts. Smart contracts are bits of code that run automatically when certain conditions are satisfied. Popular on the Ethereum blockchain, smart contracts allow for the creation and operation of decentralized apps (DApps).
To introduce smart contract programmability and Ethereum compatibility, Binance Smart Chain, an alternative blockchain to Binance Chain, was released in September 2020. With Binance Smart Chain, users may build and run decentralized applications (DApps) that take advantage of Ethereum’s robust features, low transaction fees, and fast processing speed. The BEP-20 token standard, which is an upgrade and extension of Ethereum’s ERC-20 standard, is also supported by Binance Smart Chain.
Binance Smart Chain differs from Binance Chain in several key respects, including:
The 21 validators chosen by BNB holders to create blocks and ensure the network’s security are part of Binance Chain’s Delegated Proof of Stake (DPoS) variation. Binance Smart Chain employs a Proof of Authority (PoA) variation in which a community governance process selects 21 validators to generate blocks and validate transactions.
Fast and final transactions are made possible by Binance Chain’s average block duration of around one second. The average block time on Binance Smart Chain is approximately three seconds; this is marginally slower than Binance Chain but faster than Ethereum, which takes fifteen seconds.
No matter how simple or large a transaction is, Binance Chain will always charge a flat rate of 0.000375 BNB. Like Ethereum, Binance Smart Chain uses gas prices and transaction limits to determine a dynamic cost. On the other hand, developers and users can save money on gas by using Binance Smart Chain instead of Ethereum.
Smart contracts are not supported by Binance Chain because the platform values simplicity and speed more than functionality and flexibility. With the goal of creating a platform that is both compatible with and complimentary to Ethereum DApps and users, Binance Smart Chain enables smart contracts.
A cross-chain bridge links Binance Chain and Binance Smart Chain, enabling users to move assets between the two networks. Users can transfer BNB between Binance Chain and Binance Smart Chain, or vice versa, through the Binance Web3 Wallet or the Binance Chain Wallet extension. With Binance Bridge, users can move tokens like BTC, ETH, and USDT between Binance Smart Chain and other blockchains, and vice versa.
Both Binance Chain and Binance Smart Chain are cutting-edge, robust blockchain platforms, yet they provide consumers and developers with distinct advantages and disadvantages. Users can take advantage of both the smart and interoperable DApps on Binance Smart Chain and the fast and secure trading on Binance Chain by selecting the appropriate blockchain for their purposes.