The world’s largest cryptocurrency exchange by trading volume, Binance, has announced five airdrops in collaboration with a crypto project known as Harmony some time ago. The airdrops are granting free ONE and BNB coins to coin holders, and according to a recent update, the second airdrop has just been completed.
15,000,000 ONE & 1,800 BNB still to be airdropped! $370,000 $USD approx
— Binance DEX (@Binance_DEX) June 3, 2019
Binance/Harmony Protocol second airdrop
The airdrop has seen the distribution of 5 million Harmony (ONE) coins, as well as 600 Binance Coins (BNB). Harmony, or Harmony Protocol, is also the fifth project to be announced on Binance Launchpad this year. The coins are airdropped to around 7,450 qualifying addresses according to Binance DEX’s recent post.
However, as mentioned, this was only the second of five airdrops in total, and 15 million ONE token has yet to be airdropped in the future, as well as 1,800 BNB coins. The estimated value of this amount is $370,000.
As many are likely aware of, Binance is one of the reasons why token sales held on crypto exchanges are becoming increasingly popular. The so-called IEOs (Initial Exchange Offerings) became a trend earlier this year when Binance brought its Binance Launchpad back after the project has been in hibernation due to a year-long bear market.
It returned in January of this year with the launch of TRON’s BitTorrent (BTT) token on January 28th. However, it also sparked the IEO trend, as countless other major exchanges started developing similar platforms, and holding their own token sales. Binance itself decided to hold one token sale per month throughout 2019, and it still remains true to that decision.
Harmony IEO and other details
Harmony Protocol was its fifth token sale this year, held earlier, in May. It came after BitTorrent token (BTT), Fetch.AI (FET), Celer (CELR) and Matic (MATIC). Additionally, Harmony Protocol also announced that it plans to launch its MainNet in less than a month, which is quite soon after the token sale. The token sale itself was as much of a success as any that came before it on Binance Launchpad.
The exchange announced that there were 16.666 winning tickets, with 12,977 winners in total. The project managed to sell 1.58 billion ONE tokens and the news was followed by the announcement that ONE would start trading on June 1st, paired against BNB, BTC, USDT, TUSD, PAX, and USDC.
Harmony itself is quite secure and fast blockchain, created by engineers from some of the top tech firms and universities, including Apple, Google, Amazon, Stanford, and Harvard. The project aims to help various businesses create marketplaces of fungible tokens, as well as other, non-fungible assets.
As always, the coin was only obtainable through BNB coins, which is currently seeing a minor decline but is likely to surge once again quite soon. After all, its price went up by over five times when compared to the situation from the early days of 2019, and many believe that BNB has the potential to go much higher. The reason for this is the high number of its use cases, as well as the fact that it is the very heart and driving force of Binance’s entire ecosystem, which includes a crypto exchange, a DEX, Binance’s own blockchain, fiat-to-crypto exchanges, and, of course, Binance Launchpad.