Cryptocurrency exchange Binance announced that it has completed the 16th APENFT (NFT) airdrop, which concerns holders of 5 altcoin projects. The cryptocurrency exchange shared the terms and details of the airdrop on its website.
Binance completes its 16th APENFT airdrop
Binance, the world’s largest cryptocurrency exchange, has completed the 16th round of its APENFT (NFT) airdrop to TRON (TRX), BitTorrent OLD (BTTOLD), BitTorrent (BTTC), JUST (JST) and WINkLink (WIN) holders. Accordingly, the crypto exchange stated that users can confirm the receipt of these tokens through the Distribution page under Transaction History.
Meanwhile, the snapshot for the airdrop event was taken on September 10, 2022 at 15:00 CEST based on the block level of 44,077,377 TRON. Binance has also announced the minimum token amounts per this snapshot to qualify for the NFT airdrop. Accordingly, users must have at least the following balance during the snapshot.
- 100 TRX,
- 2,000 BTTOLDs,
- 2,000,000 BTC,
- 100 JST
- 15,000 WIN
In addition, pending orders are added to the calculation of this balance. Binance stated that users need to make sure that they do not select the “Hide Small Balances” option in order to view their NFT token balance in the “Fiat and Spot” wallet.
Bernstein says Binance failed
As we reported on cryptokoin.com, Bernstein said in a research report on Monday that Binance is solid, liquid and stable, which is evident in the exchange’s more than $55 billion verifiable cold wallet addresses. According to the report, the crypto exchange may ‘pass the withdrawal test’, as it did when $6 billion in client funds were withdrawn on December 13.
“Binance’s undisputed market leadership is not a coincidence,” the report says. It is also noted that the exchange is bringing customers together through hacks and regulatory challenges. The exchange currently accounts for around 75% of the global crypto trading market. Bernstein says Binance is facing two challenges. First, having a Cayman Islands-based offshore holding company means it has to take ‘steps towards onshore structure’, even at the expense of short-term business.
Second, after the demise of crypto exchange FTX, it has now become a ‘virtual monopoly on global crypto trading’. While it cannot do much about its monopolistic position, competition may now arise from decentralized exchanges as traders can diversify their activities towards self-custodial and decentralized trading platforms. Binance will continue to seek licenses in multiple jurisdictions. So far, it has received licenses from 14 countries, including France, Italy, Spain and Canada.
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