Binance Discontinues Airdrop Worth Over $10 Million for Avantis (AVNT)
Binance, the world's leading cryptocurrency exchange, has launched its 40th HODLer Airdrop, with Avantis (AVNT) as the flagship project. This exciting development marks Binance's continued commitment to bringing innovative projects to its users.
What is Avantis?
Avantis is an on-chain exchange for leveraged trading of synthetic assets, including cryptocurrencies, forex, and commodities. The project is developed and supported by a team of 12 crypto-native individuals with diverse backgrounds in engineering, investment banking, consulting, and product design. The team is backed by prominent venture capital firms such as Pantera Capital, Founders Fund, Galaxy Digital, and the Base Ecosystem Fund.
The Avantis Airdrop
Eligibility for the Avantis airdrop was determined by having BNB subscribed in either Simple Earn (Flexible or Locked) or On-Chain Yields products between September 6-8, 2025. A total of 10 million AVNT tokens, approximately 1% of the total supply, will be distributed to eligible users' Spot Accounts by September 16, 2025, at 13:00 UTC.
Binance has promised to release a full research report on Avantis within 48 hours of the announcement. It's worth noting that no single user can hold more than 4% of the total pool of participants (in average AVNT held versus total average AVNT).
Additional AVNT Tokens for Marketing
An additional 20 million AVNT tokens are reserved for marketing distribution, to be dropped approximately six months from now. However, the exact distribution timeframe is not available from the provided information.
Risks and Regulations
Volatility is a risk associated with synth trading, and regulatory challenges may arise for synth assets and derivatives due to local regulations. The token release schedule is subject to potential real-world delays.
Benefits of Binance Earn
Owning and using products from Binance Earn can be profitable without constant exchanging. Anticipation for future HODLer releases may increase, encouraging users to pay closer attention to snapshot windows and qualification. However, converting from BNB to Simple Earn or On-Chain Yields may involve lock-up durations or opportunity costs.
Avantis operates on the Base network with the smart contract address 0x696F9436B67233384889472Cd7cD58A6fB5DF4f1. The total token supply of Avantis is 1 billion AVNT.
The addition of Avantis to Binance's portfolio strengthens its position in DeFi, particularly in non-crypto domains like commodities and forex. This move underscores Binance's ongoing efforts to expand its offerings and cater to a broader range of users.
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