Binance, the world’s largest cryptocurrency exchange, is well known for its consistent development for both its users and the ecosystem. The Platform has entered into several partnerships over the last year and has paved the way for new initiatives through these connections. Swipe is one such platform. Just a few months ago, Binance acquired the crypto-fiat gateway, Swipe, and even listed its native token SXP. To boost the growth of the Swipe and Binance ecosystem, it rolled out the “12-week SXP token airdrop to BNB holders on Binance,” Binance extended its support for the same.
In more recent updates, the Malta-based cryptocurrency exchange confirmed that it had concluded the 2nd week of SXP token distribution. The exchange, elaborated on the same in a blog post and pointed out that a total of 333,333.33 SXP tokens were distributed to BNB holders for the week.
The latest distribution was recorded from 0:00 AM [UTC] on 24 August to 11:59 PM [UTC] on 30 August 2020. Users would be able to confirm their receipt through the “Distribution History” page found in the User Center.
The third week of the BNB snapshot period is already underway as it started back at 0:00 AM [UTC] on 31 August 2020 and would go on till 11:59 PM [UTC] on 6 September 2020.
Binance Aids $16M Airdrop Of SXP Token
Last month, Binance announced that it would support the Swipe network in carrying out a whopping $16,000,000 airdrop program of the SXP token specifically to BNB holders. Binance wrote,
“The Binance Ecosystem Reward program aims to provide greater access and awareness to projects within the Binance Ecosystem, of which Swipe is the first.”
This initiative started on 17 August 2020 and required users to hold a minimum of 0.1 BNB in their accounts to make use of the rewards. The 12th and last week of distribution will be considered from 2 November to 9 November 2020.
While both Swipe and Binance have been making use of the current circulating supply of the SXP token, the price of SXP was at a low of $2.90 and dropped by 6.4 percent since the first SXP distribution week.