Author: Nikolay Dimitrov
Date: 27th of July 2018
Do not make investment decisions based on this article – read the disclaimer before you proceed.
On the 26th of July 2018, Binance, one of the biggest cryptocurrency exchanges have announced that they will be supporting an airdrop from the Vechain team to their token holder on the Binance platform.
Before the 5th of August, 2018, 100 million VTHO tokens will be distributed to VET holder on Binance. The airdropped amount will be determined percentage to the user’s holdings. The snapshot for the event will be taken at at 2018/08/01 00:00 AM. This means that it does not matter how many VET tokens you have before or after the snapshot to get the airdrop, only the time at which it is taken is considered. Which is why usually after snapshots sharp declines in price occur.
This development is of course not 100% guarantee as in crypto anything is possible. Another thing to be taken in account is that the Vechain project is greatly supported by the community and the price might hold.
Holding assets on a centralized exchange means you have trust in them as you assets are actually under their control and you trust them, not to run off with you funds. For traders an airdrop supported by the exchange is extremely convenient as usually for people to participate in the event they have to move their funds to a desktop wallet and after the snapshot back to the exchange taking all the negatives that come with that proces, including not being able to sell right after the snapshot time.
If you have not created an account on the biggest cryptocurrency exchange you can do it here binance.com It is fast and free. This is a safe link, verified by us, going directly to the exchange, as there are many phishing sites, please be aware and careful. Also note that the exchanges close registrations for an undetermined time-span when they get overwhelmed, so even if you do not intend on trading now, someday you might decide to and not have the opportunity.
And the biggest fiat currency to crypto gateway coinbase.com, where you can get a 10$ bonus following this link.
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