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KEY & KEYFI Airdrop for KEY Token HODLers on Binance

Two airdrops are better than one! SelfKey and KeyFi, together with Binance, are bringing you not one but TWO airdrops for KEY token hodlers on Binance.com.

19 Feb
2021
Sree
Binance airdrop
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Get ready to be excited!

Two airdrops are better than one! SelfKey and KeyFi, together with Binance, are bringing you not one but TWO airdrops for KEY token hodlers on Binance.com

From February through June this year, eligible hodlers* of KEY may be airdropped KEYFI tokens as well as additional KEY tokens, as detailed below.

Airdrop of KEYFI Tokens

Eligible KEY token hodlers will receive an airdrop of KEYFI proportionate to their KEY token balance on Binance.

Amount of airdrop: 1 KEYFI for every 22,500 KEY

Date of airdrop: 8 July 2021

Minimum hodling of KEY to receive airdrop: 88,000 KEY

Snapshots for calculation of airdrop amounts: according to the schedule below

Token Contract: https://etherscan.io/token/0xb8647e90c0645152fccf4d9abb6b59eb4aa99052

The amount of KEYFI you may be eligible to receive will be determined according to multiple snapshots of your Binance wallet balance.

The snapshots will be taken once per month at 8:00 AM HKT (UTC +8:00), beginning 28 February 2021 and ending 28 June 2021

For this airdrop, eligible hodlers will receive one KEYFI token for every 22,500 KEY tokens held on average throughout the five snapshots. The average amount of tokens held throughout the five snapshots must be at least 88,000 KEY.

The dates and times of the snapshots are:Binance Airdrop - KEYFI Snapshot Schedule

Airdrop of Additional KEY Tokens

There’s more amazing news for KEY token hodlers!

The SelfKey Foundation will provide additional KEY tokens to KEY token hodlers in a second airdrop. The SelfKey Foundation is providing additional KEY tokens to be airdropped in order to distribute more of the community pool in a manner that is as fair and transparent as possible.

The distribution of additional KEY tokens will be as follows:

Amount of airdrop: 1 KEY for every 60 KEY

Date of airdrop: 18 July 2021

Minimum hodling of KEY to receive airdrop: 500,000 KEY

Snapshots for calculation of airdrop amounts: according to the schedule below

The amount of additional KEY you may be eligible to receive will be determined according to multiple snapshots of your Binance wallet balance.

The snapshots will be taken once per month at 8:00 AM HKT (UTC +8:00), beginning 8 March 2021 and ending 8 July 2021.

For this airdrop, eligible hodlers will receive one KEY token for every 60 KEY tokens held on average throughout the five snapshots. The average amount of tokens held throughout the five snapshots must be at least 500,000 KEY.

The dates and times of the snapshots and the airdrops are:

Binance airdrop - KEY Snapshot Schedule

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Here are some example scenario to better understand the airdrop distribution:

Example Scenario – KEYFI Airdrop

Scenario 1

Chad is a KEY hodler and Binance user and the KEY token balance he has on his Binance account during the snapshot periods were:

PhasePhase 1Phase 2Phase 3Phase 4Phase 5
KEY Token Balance80,00090,000100,00090,00090,000

With the above balances during each snapshot Chad has an average balance of 90,000 KEY tokens over the snapshot period, this makes him eligible for an airdrop of 4 KEYFI tokens.

Scenario 2

Karen is another Binance user, however the KEY token balances on her Binance account during each phase were:

PhasePhase 1Phase 2Phase 3Phase 4Phase 5
KEY Token Balance50,00060,000100,00070,00070,000

With the above balances, Karen will not be eligible for the airdrop as the average of the KEY token balance on her Binance account for all the 5 phases will only amount to 70,000 KEY tokens, which is less than the minimum required amount of 88,000 KEY tokens.

Example Scenario – KEY Airdrop

Scenario 1

Mary is a KEY hodler and Binance user and the KEY token balance she has on her Binance account during the snapshot periods were:

PhasePhase 1Phase 2Phase 3Phase 4Phase 5
KEY Token Balance800,000900,0001,000,000900,000900,000

With the above balances during each snapshot Mary is having an average balance of 900,000 KEY tokens over the snapshot period, this makes her eligible for an airdrop of 15,000 additional KEY tokens.

Scenario 2

Jack is another Binance user, however the KEY token balances on his Binance account during each phase were:

PhasePhase 1Phase 2Phase 3Phase 4Phase 5
KEY Token Balance200,000300,000600,000500,000400,000

With the above balances, Jack will not be eligible for the airdrop as the average of the KEY token balance on his Binance account for all the 5 phases will only amount to 400,000 KEY tokens, which is less than the minimum required amount of 500,000 KEY tokens.

* About Eligibility and Calculations

For the purposes of airdrop calculations, only KEY tokens in your Binance Spot wallet will be considered. Further, snapshots will not include KEY tokens that are unavailable due to trade orders.

Make sure you hodl KEY in your Spot wallet (not open KEY trade orders) at the time of each snapshot.

Deposits and withdrawals of KEY will be suspended on Binance.com at the time of each snapshot. Trading of KEY will not be affected. Deposits and withdrawals will be reopened after the completion of each snapshot.

Please note that KEY tokens that are pending deposits or withdrawals at the time of the snapshot will not count towards your balance. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.