Solayer Debuts on Binance with Airdrop Event on Feb. 11

Binance Airdrop and LAYER Token Listing

In a recent announcement, Binance revealed that users who subscribed to BNB Simple Earn products between February 1 to February 5 will be eligible to receive LAYER token rewards through an airdrop. A total of 30 million LAYER tokens (equivalent to 3% of the total token supply) will be distributed as part of the event.

The airdrop will take place on February 11, around one hour before LAYER’s official trading starts at 14:00 UTC. As this marks the first time the LAYER token will be available on the market, Binance has added a seed tag to the token, indicating higher volatility and risk. Seed tags are typically applied to new projects, alerting users of the inherent risks associated with emerging tokens.

Where Else Can You Find LAYER?

While Binance is the primary exchange for LAYER’s debut, the token will also be listed on other major cryptocurrency exchanges, including:

• MEXC
• Bithumb
• Upbit

What is Solayer and the LAYER Token?

The LAYER token is the governance and utility asset for Solayer, a re-staking protocol built on the Solana (SOL) blockchain. Solayer allows users to earn additional yield by re-staking locked assets through actively validated services. This mechanism is similar to Ethereum’s EigenLayer but is specifically designed for the Solana ecosystem.

Users can re-stake various assets like SOL, mSOL, and JitoSOL through the Solayer protocol, enhancing the yield-generating capabilities of their holdings. These re-staked assets support major decentralized applications (dApps) and bolster the overall Solana network.

Solayer’s Launch Timeline and Community Sale

The news surrounding the native token launch has generated significant buzz in the market, with discussions circulating as early as September 2024. However, on January 13, 2025, Solayer announced a delay in its community sale subscription for LAYER, pushing the date to December 15, 2025 due to overwhelming demand from early investors.

The LAYER token will serve as both a governance and utility token, enabling early retail investors to contribute to the platform’s growth while taking part in decision-making processes. Additionally, holders of the Emerald Card will be the first to receive a batch of LAYER tokens at a discounted price, adding further incentive for early involvement in the project.