The cryptocurrency exchange Binance reports on the organization of the airdrop of JEX tokens, which until recently belonged to the JEX futures platform. Binance has acquired a trading platform and will now function independently under the name Binance JEX in the ecosystem of a large company.
First of all, the standard of tokens will change – previously JEX was an ERC-20 standard token, as part of a partnership with Binance, the token will be transferred to the Binance Chain (BEP2 standard). Binance JEX will support users until the integration is completed, after which JEX will deal with the token listing procedure on the Binance decentralized platform.
In the Binance JEX system, the functions of the BNB and JEX tokens will be the same – users will be able to use them to receive commission discounts, as well as access to testing futures products. Initially, 200 million JEX tokens will be distributed among all BNB holders on Binance.com. Distribution participants can become users who have at least 10 native tokens of a large exchange on their account during the last month. The company will carry out the calculation of account balances daily from September 6 to October 6.
Starting from October 6th, representatives of Binance JEX will deal with the distribution of their tokens to the owners of Binance Coin on a monthly basis, the size is 30% of the profit of the platform for trading futures. In order to receive funds from a given airdrop, BNB holders must fulfill the same conditions.
