Binance has announced the Solayer (LAYER) listing, with trading set to begin on February 11, 2025, at 14:00 UTC.
The exchange stated that LAYER would be available for trading against BTC, USDT, USDC, BNB, FDUSD, and TRY, with a seed tag applied.
As part of its HODLer Airdrops program, Binance will distribute 30 million LAYER tokens to users who subscribed their BNB to Simple Earn products between February 1 and February 5. The airdrop will be credited to users’ spot wallets one hour before trading starts. Additionally, 20 million LAYER tokens will be allocated to marketing campaigns three months after the listing.
Solayer will have a total supply of 1 billion tokens, with 210 million available at launch on the Solana blockchain. There will be no listing fee, and a detailed research report on Solayer is expected within 12 hours of the announcement.
HODLer Airdrops reward BNB holders based on past balance snapshots, enabling those who use Simple Earn with BNB to receive token airdrops like Launchpool and Megadrop rewards. These airdrops offer retroactive rewards without the required ongoing actions. Users must complete account verification to participate and be in an eligible jurisdiction. However, individuals from specific regions, including the U.S., U.K., Canada, Australia, Hong Kong, and Russia, are excluded due to regulatory restrictions.
Spot Algo Orders for LAYER trading pairs will be available immediately upon listing, while Trading Bots and Spot Copy Trading will be activated within 24 hours. Users are advised to check eligibility requirements and avoid trading the token outside Binance to prevent scams.
This development follows Binance’s recent announcement to suspend deposits and withdrawals for Qtum (QTUM) on February 15, 2025, due to a scheduled network upgrade and hard fork. Trading will remain unaffected, but users should deposit tokens in advance. The exchange will manage the technical aspects and resume services after confirming network stability, with no further announcements regarding reopening.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
