Haedal Protocol (HAEDAL) Lists on Binance's Spot Market with an Airdrop for BNB Holders

A new liquid staking token, Haedal Protocol (HAEDAL), is making its way to Binance's spot market this week, accompanied by an airdrop targeting loyal BNB holders.

A new liquid staking token, Haedal Protocol (HAEDAL), is making its way to Binance’s spot market this week, accompanied by an airdrop targeting loyal BNB holders.

The token, part of Binance’s broader strategy to reward long-term participants through its HODLer Airdrops program, will be available for trading on May 21 at 18:00 UTC, the exchange announced.

HAEDAL is a new blockchain project focused on the development of a decentralized liquid staking protocol on the Sui blockchain.

The project's token will be listed on Binance’s main trading pairs, including major stablecoins and regional currencies.

Earlier this month, Binance announced its plans for a new round of an airdrop program, distributing 30 million of the new liquid staking token to users who had BNB staked through Simple Earn or On-Chain Yield products during a four-day eligibility window earlier in May.

The exchange's CEO, Changpeng Zhao, stated on X, formerly known as Twitter, that the airdrop would be distributed to eligible users’ spot wallets.

Moreover, users are advised to complete their identity verification Level 2 to ensure timely airdrop distribution.

HAedal is the third project to be included in Binance’s new initiative to reward long-term participants with a series of airdrops throughout the year.

The initiative began in March with the launch of a new Web3 gaming project, Mooar, followed by the second project, Metamon, a blockchain-based game focused on digital collectibles.

Both projects were announced in Binance's Alpha Market, a program designed to support promising new projects in the early stages of development with a dedicated market section on Binance.

The projects also benefited from Alpha Points, a system that rewarded users for engaging with the projects through activities such as trading, attending AMAs, and participating in community events.

However, HAEDAL will not be part of the Alpha Market program, and Alpha Points will not be applicable to future trades of the new liquid staking token.

Initially marked with a Seed Tag, HAEDAL will exit the Binance Alpha Market once live spot trading begins.

At launch, HAedal will have 195 million tokens in circulation, representing 19.5% of its total 1 billion tokens.

The listing of HAEDAL on Binance will be subject to a zero listing fee.

Binance will also be announcing a detailed research report on the project, expected within 48 hours of the listing news.