Creditlink (CDL) Goes Live on Binance Alpha: Airdrop and Trading Competition Details

Key Takeaways:

• Creditlink (CDL), an on-chain credit analysis & scoring platform, is now live on the Binance Alpha platform.
• Eligible Binance Alpha users holding at least 200 points can claim an exclusive airdrop of 640 CDL tokens.
• Binance is running a two-week trading competition starting on October 11 with a prize pool of 5,643,000 CDL tokens.

On October 11, Binance announced that Creditlink (CDL), an all-in-one on-chain credit solution for DeFi Lending and more, is now live on the Alpha platform. Eligible users holding 200 Binance Alpha Points can claim 640 $CLD tokens in the ongoing Alpha airdrop. 

Binance is hosting a two-week Creditlink Trading Competition with a prize pool of 5,643,000 CDL tokens for the top 5,700 users. In this article, we will explain how you can participate in the Creditlink Alpha airdrop and trading competition and how the project works. 

Creditlink (CDL) Airdrop Details

• Project Name: Creditlink
• Token Ticker: $CDL
• Airdrop Date: October 11, 08:00 (UTC)
• Airdrop Reward: 640 $CDL
• Platform: Binance Alpha
• Eligibility Requirements: 200 Alpha Points (APs)

How To Claim the $CDL Airdrop

Binance Alpha opened trading for Creditlink on October 11, 08:00 (UTC). The airdrop portal opened immediately for those holding 200 APs to begin applying. To do this, go to the Alpha Event page, locate the Creditlink campaign, and apply. 

You'll need to pay a claim cost of 15 APs to receive $CDL. If you do not claim your allocated tokens in 24 hours, it will be considered that you forfeited your claim to the airdrop.

After the campaign, you'll receive 640 CDL tokens. The event is on a first-come, first-served basis and will be distributed directly to the Binance Alpha accounts of users who apply after the conclusion. You can also participate in the upcoming Coral Finance (CORL) Airdrop using these guidelines.

Creditlink (CDL) Trading Competition

In addition to the Alpha airdrop, Binance is hosting a Creditlink Trading Competition.

• Competition Duration: October 11, 08:00 (UTC) to October 25, 08:00 (UTC). 
• Reward Pool: 5,643,000 CDL tokens to be divided equally among the top 5,700 traders. Each trader will receive 990 CDL tokens.
• Criteria: Only trades executed on ​​Binance Wallet (Keyless)​​ and ​​Binance Alpha​​ will be counted as eligible. Only cumulative purchases are applicable in the campaign. Selling is excluded, but there are no volume caps in this promotion. This promotion does not apply to transactions involving the bridging of tokens.

How To Participate in the $CDL Trading Competition

To participate in the two-week Creditlink Trading Competition, do the following.

• Install the latest version of the Binance App, create a Binance Wallet (Keyless), and make sure it is backed up.
• Trade CDL on Binance Alpha (Keyless) or Binance Wallet (Keyless) during the Promotion Period.
• Rankings will be automatically computed after the Promotion Period. 
• The winners will be allowed to claim 990 CDL tokens on the Alpha event page after the trading period. The tokens will be distributed directly to their Binance Alpha accounts or Binance Wallet.

About Creditlink

Creditlink is a Web3 protocol that seeks to develop a decentralized credit scoring and identity/reputation layer. It aims to facilitate trust, identity, and "credit" in Web3 - to be used in lending, governance (DAOs), airdrops, identity verification, and other applications of decentralization.

Instead of using centralized credit bureaus or rigid identity, Creditlink uses wallets, on-chain behavior, AI, reputation, and some optional off-chain data to create a credit score. That score can then be used by other protocols to determine the extent of trust, voting power, or borrowing capacity that a user receives.

By analyzing transaction histories, asset flow, staking participation, and DeFi interactions, the system builds a comprehensive activity profile. Creditlink issues composable Credit Identity NFTs representing each user's unique credit profile, which can be shared or queried across protocols with user permission. 

Creditlink also operates on various OS and blockchains and serves as a credit scoring model across the decentralized finance landscape. Having the cross-chain and API-based integration model, Creditlink is set to be one of the cornerstones of infrastructure that will allow scalable, transparent, and AI-enhanced lending solutions on blockchain ecosystems.