tl;dr
A recent report indicates that Binance dominates the CEX market for crypto airdrop distribution and staking rewards, receiving 94% of the $2.7 billion in rewards in 2024. Binance has announced improvements to its airdrop services to enhance user experience and accessibility. The platform has also up...
A recent report indicates that Binance dominates the CEX market for crypto airdrop distribution and staking rewards, receiving 94% of the $2.7 billion in rewards in 2024. Binance has announced improvements to its airdrop services to enhance user experience and accessibility. The platform has also upgraded its Launchpool and BNB Earn pages, aiming to simplify user participation and maximize rewards.
Binance Research has identified systemic issues with airdrops, prompting the exchange to focus on maintaining its integrity and reputation. Binance, the world’s largest crypto exchange, has become the go-to platform for airdrops and staking rewards. It launched the HODLer airdrop program less than a year ago, providing many new projects with a comprehensive platform to reward early adopters.
Based on its performance in the airdrop sector, Binance has substantially upgraded a few of its services. The platform has revamped its Launchpool and BNB Earn pages, making it easier for users to both track and participate in airdrops. The updated BNB page will give Binance users key benefits, such as real-time information on airdrops across its platforms, including Launchpool, Megadrop, and HODLer Airdrops. Users will also see features like trading fee discounts, VIP perks, and a historical rewards section.
Last month, Binance Research identified systemic problems with airdrops in general, and the exchange seems particularly concerned with its reputation.