Cryptocurrency enthusiasts and Chiliz (CHZ) holders are keeping a close eye on upcoming airdrop opportunities — and one of the most anticipated is the Pepper (PEPPER) airdrop. OKX has confirmed it will support the PEPPER airdrop, but only for eligible CHZ holders in certain jurisdictions. While this presents an exciting opportunity, it’s important to understand the rules, timelines, and limitations to maximize your potential rewards.
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Understanding the PEPPER Airdrop on OKX
The PEPPER airdrop is designed to reward long-term supporters of the Chiliz ecosystem. However, participation through OKX comes with specific conditions. Not all users or regions will be eligible, and compliance with snapshot requirements is crucial.
It’s essential to note that OKX does not guarantee the distribution of PEPPER tokens in any or all jurisdictions. The platform acts as a facilitator for eligible users but cannot ensure that every holder will receive tokens due to regulatory or operational constraints.
Key Snapshot Dates
To be considered for the airdrop, users must meet eligibility criteria at four distinct snapshot times:
- First Snapshot: October 10, 2024, at 00:00 UTC
- Second Snapshot: October 17, 2024, at 00:00 UTC
- Third Snapshot: October 24, 2024, at 00:00 UTC
- Fourth Snapshot: October 31, 2024, at 00:00 UTC
Each snapshot is independent, meaning you must meet the minimum balance requirement at each individual time to qualify for that round's allocation.
Eligibility Requirements
To participate in the PEPPER airdrop via OKX, users must adhere to strict eligibility rules:
- You must hold at least 100 CHZ in your OKX trading, funding, or Earn account at the time of each snapshot.
- This minimum balance applies per account, so balances across multiple accounts cannot be combined.
- Only CHZ that has been successfully deposited into your OKX account before the snapshot will count.
- Funds in withdrawal processing or pending deposits will not be included in the calculation.
Additionally, if you have outstanding CHZ loans, including negative equity in multi-currency margin mode, any airdropped PEPPER tokens may be used to repay those debts automatically. To avoid this, it’s strongly recommended to settle your loan positions before each snapshot date.
Temporary Restrictions on CHZ Transfers
To ensure accurate snapshot data, OKX will implement temporary restrictions on CHZ transfers:
- ERC20 Network: Deposits and withdrawals of CHZ via the ERC20 network will be suspended 24 hours before each snapshot and resumed shortly afterward.
- Chiliz Chain: Transfers on the native Chiliz Chain will remain fully accessible throughout the process.
This means users relying on ERC20 deposits should plan ahead and ensure their CHZ is deposited well in advance of each snapshot to avoid missing out.
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PEPPER Distribution Timeline
OKX will not distribute PEPPER tokens immediately after each snapshot. Instead:
- All four airdrop allocations must first be received by OKX from the project issuer.
- Once OKX receives the full allocation, it will distribute PEPPER to all eligible users in a single batch.
- A follow-up announcement will be made once distributions are completed.
This ensures accuracy and fairness in the distribution process, though it may delay access to tokens for some users.
Will PEPPER Be Tradeable on OKX?
As of now, OKX does not support spot trading for PEPPER. This means that even after receiving your tokens, you won’t be able to trade them directly on the exchange unless future support is announced.
If OKX decides to list PEPPER for trading in the future, it will publish a separate announcement with details about trading pairs, launch dates, and market availability.
Until then, users should treat PEPPER as a non-tradeable asset on the platform and consider long-term holding or transferring it to a compatible wallet once available.
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- Pepper (PEPPER) airdrop
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- ERC20 deposit restrictions
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These terms reflect common queries users enter when researching upcoming airdrops on major exchanges like OKX.
Frequently Asked Questions (FAQ)
Q: Am I guaranteed to receive PEPPER if I hold CHZ on OKX?
No. While OKX supports the airdrop for eligible users in certain jurisdictions, it does not guarantee distribution in all regions due to regulatory or technical factors. Always check your eligibility status and local regulations.
Q: Can I combine CHZ balances across different OKX account types?
No. Each account — trading, funding, or Earn — is evaluated separately. You must hold at least 100 CHZ in each individual account type to qualify per snapshot.
Q: What happens if I deposit CHZ after the snapshot?
Deposits made after the snapshot time will not be counted. Only balances confirmed before the snapshot are eligible.
Q: Why are ERC20 deposits suspended before snapshots?
Suspension prevents last-minute deposits that could distort snapshot accuracy. It ensures only verified holdings are considered during eligibility checks.
Q: Can I withdraw CHZ during the suspension period?
On the ERC20 network, no — withdrawals are paused 24 hours before each snapshot. However, you can still transfer CHZ using the Chiliz Chain during this time.
Q: What if I have a CHZ loan? Will I still get PEPPER?
You may receive PEPPER, but any outstanding CHZ debt — including negative equity — could result in part or all of your airdropped tokens being used for repayment. Settling loans early avoids this issue.
👉 Learn how to manage your crypto loans and maximize airdrop rewards.
Final Thoughts
The PEPPER airdrop represents a valuable opportunity for active Chiliz (CHZ) holders who use OKX. By meeting balance requirements across multiple snapshots and understanding transfer restrictions, users can position themselves to benefit from this distribution.
However, success depends on careful planning — especially around timing deposits, managing loans, and staying informed about platform updates. With no current support for PEPPER trading on OKX, patience and strategic asset management will be key.
As always, stay alert for official announcements from OKX regarding distribution progress and potential future listings. The crypto landscape evolves quickly, and being prepared can make all the difference.