Binance introduces airdrops of three separate tokens: Haedal, Allo and TGT. Since its announcement, Haedal prices have risen by more than 60%.
Haedal was first minted in April, but the other two assets are on sale today at TGE. The tokens were previously limited to the Defi Ecosystem, making Binance the first concentrated exchange and broadcast.
Binance’s Haedal Airdrop is attracting attention
Binance, the world’s largest crypto exchange, currently controls the Airdrop sector. Airdrop Hunting recently drove Binance Alpha’s trading volume to $2.8 billion, with the company showing no signs of slowing down.
Today, Binance holds Haedal airdrops, causing a high level of engagement.
“Binance is excited to announce its 19th project with the Hodler Airdrops Page (Haedal Protocol (Haedal), a liquid staking protocol built on the SUI blockchain.
Haedal, SUI’s liquid staking platform, first launched TGE almost a month ago. The company rewards users by staking SUIs, allowing Hasui tokens, and gains definition liquidity while enjoying passive rewards.
Haedal was previously available in DEXS and other Defi institutions, but Binance is the first major exchange to list it. As a result, its value has skyrocketed by over 60%.
Haedal Weekly Price Chart. Source: Beincrypto
Still, Haedal’s value has grown quite a bit, but I’m complaining a bit about Binance’s Airdrop Toconomy. Several fan accounts criticized the high token allocations specifically directed at Binance Alpha users.
However, these concerns were primarily focused on April’s TGE, and today negative feedback is much lower.
Two more listed in Binance
In addition to Haedal Airdrop, Binance has also participated in two TGE events. The first Allo is about a financial asset tokenization company.
This effort makes sense as Binance has recently shown a growing interest in the RWA sector. The event will be held tomorrow and eligible users will need to spend Binance Alpha points to participate.
Other TGEs from Binance are for Tokyo Game Tokens running TGT assets. This airdrop takes place today following rules similar to Allo events.
Currently, several exchanges list TGTs, but Binance Alpha is the first platform to showcase it. TGT is trying to combine AAA gaming with the growing Web3 ecosystem.
Regardless of how these two assets work, Haedal has benefited greatly from Binance Airdrop. The ability to exchange enhances young token projects on the platform and user base is clearly still robust.