Binance Airdrops 15M PROVE Tokens to BNB Stakers on August 5

Binance has launched its 31st HODLer Airdrop, distributing 15 million PROVE tokens to eligible users who staked BNB between July 9 and July 12 [1]. The airdrop does not require any additional action from users beyond their prior participation in Binance’s Simple Earn or On-Chain Yields products. Tokens will be directly credited to spot wallets at least one hour before the trading launch on August 5 at 17:00 UTC [1]. This airdrop is part of Binance’s broader strategy to reward long-term BNB holders through retroactive token allocations.

PROVE is the native token of Succinct, a decentralized zero-knowledge (ZK) prover network that provides infrastructure for efficient ZK proof generation. These proofs are essential for enabling privacy, scalability, and trustless computation in blockchain applications [1]. The PROVE token serves multiple functions, including incentivizing provers, enabling payment for proof generation, and supporting governance. With 19.5% of the total 1 billion PROVE supply unlocked at launch, the token is positioned in a competitive space where demand for ZK infrastructure is rising [1].

The airdrop allocation accounts for 1.5% of the total supply, highlighting Binance’s approach of using native token distributions to drive user engagement and protocol adoption. Users in restricted jurisdictions, including the U.S., U.K., Australia, and Canada, are not eligible for the airdrop [1]. Those who receive the tokens will be able to trade them in various pairs, including PROVE/USDT, PROVE/USDC, and PROVE/BNB, among others, starting August 5. Binance has also confirmed that no listing fee will be charged for the token [1].

Binance’s HODLer Airdrop program has gained traction as a low-effort, high-reward mechanism for BNB holders. Unlike traditional token sales or launchpads, this strategy rewards users retroactively based on their historical activity on the platform. This has created a passive but effective incentive loop, encouraging users to maintain their BNB holdings and engage with yield-generating products [1]. The program has already airdropped 31 projects, reinforcing Binance’s role in shaping the decentralized finance (DeFi) landscape.

From a market perspective, the airdrop underscores the growing importance of ZK infrastructure in the crypto ecosystem. With major protocols like zkSync, StarkWare, and Polygon’s zkEVM leading the charge, PROVE is entering a sector with strong technological momentum. However, as with any new token listing, early volatility is expected, and traders are advised to be cautious of potential scams on decentralized exchanges [1]. Binance has marked PROVE with a Seed Tag, indicating that it is still in an early development stage and carries higher risk but also the potential for significant returns.

Binance users who are eligible for the airdrop are encouraged to verify the token’s contract addresses before trading. For Ethereum, the address is 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29, and for BNB Chain, it is 0x7DDf164CEcfddd0f992299D033B5a11279A15929 [1]. As the project progresses, ongoing developments can be tracked through Binance’s official channels.

Source: [1] Binance Drops a 15M Token Bombshell with PROVE Airdrop – But Only for This Hidden Group (https://www.cryptoninjas.net/news/binance-drops-a-15m-token-bombshell-with-prove-airdrop-but-only-for-this-hidden-group/)