Binance to support WINK Airdrop Program for TRON Holders

Recently, WINk revealed the date of the first airdrop of its cryptocurrency, WIN, to Tron holders. The WIN will be transferred to all accounts on Tron’s blockchain that have a balance greater than or equal to 100 of Tron’s cryptocurrency.

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The world’s largest cryptocurrency exchange, Binance, announced that it will be supporting the WIN (WINK) Airdrop Program for TRON (TRX) holders.

According to the blog post, for the initial WIN airdrop (corresponding to 1.1% of the total WINk token supply), Binance will take a snapshot of all TRX balances in Binance user accounts at 2019/08/27 16:00:00 (UTC) with the total amount to be airdropped 10,989,000,000 WINk (WIN). Further distributed the respective WIN to TRX holders within 7 days.

1 WIN is currently $0.000382 USD. 

Later, every month each WIN airdrop will be distributed based on the following calculation:

WIN received by User A = Amount of TRX held by User A at the time of each snapshot / Total TRX held by Binance at the time of each snapshot * Total WIN received by Binance based on total TRX holdings for each respective monthly airdrop.

As per the blog post, TRX tokens that are pending deposit or withdrawal at the time of each snapshot will not count towards TRX balance. Users need to leave sufficient time for deposits and withdrawals to complete prior to each snapshot.

Moreover, TRX in user margin accounts will not be included in each snapshot. TRX balances in sub-accounts will be combined with the TRX balances in their Master accounts for each snapshot.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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