Airdrop Details and Eligibility
Binance has integrated Plasma (XPL) as the 44th project in its HODLer airdrop program, allocating 75 million XPL tokens from the genesis supply for distribution. An additional 50 million XPL has been set aside for marketing initiatives. Plasma is an EVM-compatible Layer 1 blockchain, meaning it is a base network designed to execute Ethereum-based smart contracts, allowing developers to use existing tools and applications seamlessly. Its primary focus is on enabling high-throughput, low-cost stablecoin transactions.
Eligibility for this airdrop was determined by a snapshot taken of users who had subscribed their BNB to specific Binance Earn products: Simple Earn (Flexible or Locked) or On-Chain Yields, during the period of September 10 to September 13, 2025. To actually claim the tokens, eligible users need to use Binance Alpha Points on the Alpha Events page when the portal opens. A key advantage for recipients is that with XPL trading live on the Binance spot market, there is immediate liquidity, providing a straightforward exit option if desired.
Risks, Rules and Timeline
The airdrop claim process is tied to a specific timeline and comes with certain risks and strict rules. The key date is September 25, 2025, when spot trading began and the airdrop portal opened on Binance Alpha. While the active spot market provides liquidity, new tokens like XPL are notoriously prone to high volatility and sharp price swings following their listing, which represents a significant risk for participants.
The eligibility rules are strict and non-negotiable; only users who held BNB in the specified Earn products during the snapshot window qualify, and there are no exceptions for others. Furthermore, claiming the tokens is a two-step process: being eligible is not enough. Users must also have Binance Alpha Points and access to the Alpha platform to complete the claim, or they risk forfeiting their allocation. It is also worth noting for clarity that the ticker “XPL” is used by another, unrelated asset (a mining stock), which could cause confusion for newcomers.
The Plasma airdrop presents a zero-cost opportunity for eligible BNB holders to gain exposure to a new project, with the benefit of immediate liquidity through its spot market listing. For participants, the decision ultimately involves balancing these potential gains against the typical volatility risks associated with new token launches.
