Binance Launches Codatta Booster Event for XNY Token Holding Users
- Binance announces Codatta Booster Event for Alpha Points holders.
- Eligible users start participation June 25.
- XNY token airdrop available to participants.
The event targets Binance users and may boost XNY token interest, influencing crypto market dynamics and user engagement.
Event Details
Binance, one of the leading cryptocurrency exchanges, has launched the Codatta Booster Event. Users with at least 61 Alpha Points can participate starting June 25, 2025, focusing on the XNY governance token.
The Codatta Booster Event is organized through Binance Wallet. Users can acquire the token XNY, with eligibility based on holding 61 Alpha Points or more. This event illustrates Binance’s strategy to increase user participation.
Market Impact
The immediate effects of the event are seen in the increased demand for Alpha Points and XNY tokens. The campaign aims to sustain user interest over 12 weeks, potentially impacting market behavior and BNB demand.
“The Booster activity lasts for 12 weeks, and users who complete weekly tasks have the opportunity to share a total of 6% XNY airdrop. The participation requirement is to hold 61 points or more in Alpha points.” – Source
Financial Distribution
Financially, Binance plans to distribute 6% of XNY’s supply, affecting transactions within Binance’s ecosystem. The distribution could impact users’ portfolio allocations, as participants engage with the Pre-TGE structure.
Potential outcomes include increased on-chain activity for Binance Wallet users and elevated attention on governance tokens like XNY. Regulatory changes are not expected from this event, given the established use of governance models in crypto ecosystems.
