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Announcing the Proof of Keys and Binance Alpha Airdrops
In the world of cryptocurrency, two exciting airdrop initiatives are currently underway – the Proof of Keys Airdrop program and the Binance Alpha PROVE Airdrop. These programs aim to reward long-term token holders and encourage the use of self-custodial wallets.
Proof of Keys Airdrop program
The Proof of Keys Airdrop program is a crypto airdrop initiative that incentivizes users to hold specific tokens in self-custodial wallets for extended periods. To participate, users must hold SHM tokens in a self-custodial wallet (not staked for nodes) continuously for 30 days. Eligibility is based on the lowest SHM token balance held during this 30-day period – the lowest snapshot is used to calculate rewards.
Rewards are proportional to the lowest balance, with example rates of: - 500 SHM held → up to 50 SHM reward - 5,000 SHM held → up to 500 SHM reward
Participants must register by a certain date, and the holding period starts from registration. Airdrops are distributed after the holding period ends, reflecting balances held during that time. If the lowest balance is 500 SHM, you may receive up to 50 SHM. Custodial/exchange wallets are not eligible for the airdrop. Participation in the Proof of Keys Airdrop Program is voluntary and subject to eligibility and verification.
Binance Alpha PROVE Airdrop program
The Binance Alpha PROVE Airdrop program runs in two phases. During the first 18 hours, users must have at least 241 Alpha Points to qualify. In the final 6 hours, the threshold lowers to 200 points, decreasing by 15 points per hour if rewards remain unclaimed. Each airdrop claim consumes 15 Alpha Points, and claims must be confirmed on the event page within 24 hours or else forfeited.
This dynamic threshold system incentivizes quick and active participation. Users must comply with KYC requirements and be in eligible jurisdictions to participate. PROVE tokens distributed through this are transferred from Binance Alpha accounts to Binance Spot accounts automatically within 24 hours after listing.
In summary, the Proof of Keys Airdrop rewards long-term token holding in self-custodial wallets with a 30-day lowest balance snapshot determining the reward, while Binance Alpha’s PROVE airdrop uses an engagement-based points system with dynamic eligibility thresholds and time-limited claim windows to distribute tokens.
For more information on the specifics of each airdrop, refer to the table below:
| Aspect | Proof of Keys (Shardeum SHM) | Binance Alpha PROVE Airdrop | |------------------------|-----------------------------------------------------------|-------------------------------------------------------| | Eligibility | Minimum SHM held in self-custodial wallet (lowest 30-day) | Alpha Points ≥241 initially, then thresholds lowering | | Holding Period | 30 days from registration | Event duration: 24 hours (two phases) | | Reward Calculation | Proportional to lowest SHM balance (e.g., 500 SHM → 50 SHM) | Each claim consumes 15 Alpha Points; rewards based on points and user promptness | | Claim Process | Register and hold tokens; rewards distributed after 30 days | Must claim on event page within 24 hours to avoid forfeiting | | Distribution | Based on lowest balance, proportional airdrop | First-come, first-served; no redistribution of unclaimed tokens | | Other Notes | SHM staked for nodes excluded; must hold additional SHM in wallet | Users need KYC and eligible jurisdiction; tokens transfer to Spot accounts after Alpha delisting |
In the Proof of Keys Airdrop program, participants are encouraged to hold specific tokens (SHM) in self-custodial wallets for 30 days to be eligible for rewards, with the lowest balance during this period determining the reward size. In contrast, the Binance Alpha PROVE Airdrop program uses an engagement-based points system, where users must maintain a certain number of Alpha Points during a 24-hour event duration, with the eligibility threshold decreasing over time for unclaimed rewards.
