Fellow Binancians,
Binance will support the Sologenic (SOLO) Airdrop Program for XRP (XRP) holders. Snapshots will be taken at the first validated XRP ledger index number with a timestamp greater than or equal to 2021-12-24 20:00 (UTC). The airdropped SOLO amount for an eligible user will be determined by the formula below:
Amount received = Amount of XRP owned at the snapshot time / Total XRP held by Binance at the snapshot time * Total SOLO received by Binance in the airdrop
Please note:
- The snapshots include XRP balances in Spot wallets, Margin and Savings accounts, and Coin-Margined Futures wallet, but exclude those in USDT-Margined Futures wallet. Undistributed XRP interest payments will not be included.
- Please be aware that in the event of extreme price movement or deviation from the index price, Binance Futures will undertake additional protective measures, including but not limited to adjusting the margin tiers including maximum leverage value, position value and maintenance margin in each tier, updating the funding rates including the interest rate, premium and capped funding rate, changing the constituents of the price index and using the Last Price Protected mechanism to update the Mark Price. For further details, please refer to the Price Index.
- XRP borrowed from Margin or Crypto Loans, or XRP transferred to Spot wallets from these accounts, would not be eligible for the airdrop. Please note the XRP margin interest rate may be adjusted according to the market. For the list of the most updated marginable assets and further information on specific limits and rates, please refer to Margin Data.
- XRP balances under 10 XRP (including those in trade orders) would not be eligible for the airdrop.
- Binance will distribute SOLO tokens after the project has completed the SOLO token distribution to XRP holders. We will post a further announcement once the distribution is completed.
- For the trading and listing of SOLO on Binance, SOLO will go through the same strict listing review process as Binance does for any other coin/token. Supporting this airdrop does not guarantee the listing of SOLO. Binance does not guarantee any listings as per its internal policy.
- US persons, entities and sanctioned countries are not eligible to receive this airdrop. For more information, please refer to Binance Terms of Use.
For further information on how SOLO will be distributed to XRP holders, please refer to:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2021-12-21
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Note: This announcement was updated on 2021-12-22 to include special notes on futures and margin.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.