Binance has announced extending the support to ETH holders on BNB Chain for ETH PoW airdrop. ETH holders can seamlessly get their fair share of the airdrop without bridging their ETH tokens to the Ethereum mainnet.
The Ethereum is expected to happen sometime between September 13, 2022, and September 15, 2022. The only criterion is that ETH holders must have at least 0.1 ETH in their wallet address on BNB Chain.
A ratio of 1:1 will be adopted for the airdrop of forked ETH PoW. ETH holders with less than 0.1 ETH in their wallets are still recommended to deposit their holdings into Binance. The crypto exchange platform will ensure to honor the balance appropriately with an airdrop. Airdrops will be done only to the wallet address and not to the smart contract address.
Binance is a crypto exchange platform that is headquartered in Malta. It was founded in 2017 with BNB as its native token to run the economics of the Binance ecosystem. The platform houses over 100 cryptocurrencies for trading, along with 100+ trading pairs available for the registered users to choose from.
Bitcoin and every other major cryptocurrency can be traded on Binance, one of the leading crypto exchange platforms of the current times. Many more crypto exchange platforms exist, but what makes Binance stand out from the crowd are its features like eWallet and Mobile Trading, to mention a few.
eWallets allow users to store their holdings securely and withdraw their funds whenever they want. Users can also opt to link their holdings to any other wallet available on Binance. The platform does not restrict its users to only connect to its native eWallet.
Binance works with a mission to increase the freedom of money across the globe. It, therefore, emphasizes Mobile Trading a bit more than one assumes.
Mobile Trading by Binance allows users to trade from anywhere they want and any time they want. Registered users on Binance can access the feature of Mobile Trading through Android and/or iOS mobile applications. Other key features of Binance are Trading Account and Customer Support.
Trading accounts are offered to come in two types, namely Basic Trading Account and Advanced Trading Account. As the name suggests, Basic Trading Account is best suited to traders who are entering the world of crypto for the first time. Users looking to get familiar with trading tools can also register with Basic Trading Account.
Advanced Trading Account can be used when traders are well-aware of the crypto trading sphere, and they have reached an expert stage. Binance goes distances to serve its customers better through customer support service. Users can either personally connect for assistance or access a large library of research articles and other learning sections.
It would be fair to say that Binance looks after its registered users in every sense. Extending support to ETH holders on the BNB Chain strengthens the statement more.