Binance Announced Solayer (LAYER) – Its 8th Project on HODLer Airdrops
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Key Points
- Binance will open trading for LAYER, supporting the following markets: BTC, USDT, USDC, BNB, FDUSD, and TRY.
- South Korea’s Upbit will also list LAYER today, supporting the KRW, BTC, and USDT markets.
Today, February 11, Binance announced Solayer (LAYER) as its 8th project on HODLer Airdrops. Accoridng to the official announcement, users who subscribed BNB to Simple Earn products from February 1 at 00:00 (UTC) to February 5 at 23:59 (UTC) will receive the airdrop distribution.
Binance will also list LAYER later today.
LAYER Listing Details
The crypto exchange announced that it will list LAYER at 14:00 (UTC) today and will open trading for the following pairs:
- LAYER/BTC
- LAYER/USDT
- LAYER/USDC
- LAYER/BNB
- LAYER/FDUSD
- LAYER/TRY
In the official notes, Binance also revealed that LAYER will be listed with a Seed Tag applied. This means that the project is a new one and might exhibit higher volatility compared to other already listed projects. Users are advised to DYOR before deciding to invest.
South Korea’s largest crypto exchange, Upbit, will also list LAYER today, supporting the BTC, KRW, and USDT markets.
Other crypto exchanges including Gate.io and KuCoin have announced the listing of the project.
LAYER HODLer Airdrops Details
- The total token supply will be 1 billion LAYER.
- The maximum token supply will be 1 billion LAYER.
- The HODLer Airdrops token rewards will be 30 million LAYER or 3% of the total token supply.
- An additional 20 million LAYER coins will be allocated to marketing campaigns 3 months after the spot listing.
- The circulating supply upon Binance listing will be 210 million LAYER or 21% of the total token supply.
- The listing fee will be zero, and the Smart contract will be launched on Solana.
The BNB holding hard cap will be calculated as follows: User’s average BNB holding/ total average BNB holding * 100% ≤ 4% (If the holding ratio is greater than 4%, the BNB holding ratio will be calculated as 4%).
Binance HODLer Airdrops is a program that rewards BNB holders with airdrops based on historical snapshots of their BNB balances. Users automatically become eligible for the airdrops by subscribing BNB to Simple Earn.
Unlike other earning methods that require ongoing actions, the program rewards users retroactively.
What is Solayer (LAYER)?
Solayer is the first hardware-accelerated network, “infinitely scaled”, according to the official website of the project.
It can reportedly deliver an unprecedented blockchain throughput at over 1 million TPS. This is made possible with hardware acceleration technologies including:
- RDMA (Remote Direct Memory Access networking technology)
- InfiniBand (a high-performance, low-latency networking technology used mainly in data centers, supercomputers, and high-performance computing (HPC) environments)
- Software-Defined Networking (SDN), allowing network management via software
- Software scaling via a multi-executor model to scale transaction processing
The project also makes a comparison with Solana which they note has over 7,200 TX/S and Ethereum with 62 TX/S.
The project also notes that the InfiSVM scales network throughput with RDMA, cutting-edge hardware, and InfiniBand tech to boost bandwidth and reduce latency.
Solayer’s Key Features
The project’s key features include the following:
- SVM Compatibility – All Solana dApps are integrated with Solayer.
- Seamless UX with Chain Abstraction – User onboarding onto Solayer is abstracted with no need for manual bridging, and users will only have to use Solana apps.
- Unified Layer with No Fragmentation – All apps settle onto a shared global layer to prevent fragmentation while allowing for apps to scale independently.
- Infinite Scaling with Solana – Solayer is built to horizontally scale Solana, with an elastic throughput that increases or decreases with usage.
- AI Agents – The InfiniSVM allows network capacity to handle the next billion users and the trillions of AI agents that will serve them.
