It’s official: Bancor’s upcoming airdrop will commence this New Year’s Eve with the BNT Holder Snapshot.

Here’s what you need to do:

1. Hold BNT on January 1st at 12:00AM EST.

2. Receive the ETHBNT airdrop in your wallet.

3. Earn fees from every ETH-based trade on Bancor.

As long as your BNT is in a non-custodial wallet or a supported exchange wallet on January 1st at 12:00AM EST, you will receive the ETHBNT airdrop. Today, we’re announcing Binance as the first exchange supporting the airdrop. See all exchanges & wallets supporting the airdrop.

The airdrop is effectively a 10% bonus on your BNT holdings. For example, if you hold 100 BNT, you will receive an amount of ETHBNT in your wallet equal to the value of 10 BNT. ETHBNT automatically generates fees from every ETH-based trade on Bancor.

Leading up to the airdrop, there are two primary ways to acquire BNT:

Buy BNT directly on Bancor.Network and 1inch.exchange.

directly on Bancor.Network and 1inch.exchange. Add liquidity to a Bancor liquidity pool via 1inch.exchange, CoTrader and EOS Nation.

When you add liquidity to a Bancor pool, you’ll receive “pool tokens” in return, representing a pro-rata share of fees generated by the pool. Fees are generated and accumulate inside the pool each time a trade is processed. As a liquidity provider, you may withdraw your share of the accumulated liquidity in the pool by selling your pool tokens back to the contract.

For example, adding liquidity to a USDT:USDB pool returns USDTUSDB pool tokens, which generate fees from USDT conversions on Bancor.