As a seasoned researcher with extensive experience in the cryptocurrency market, I find Binance’s latest initiative, “Battle of the Meme: Doge vs Shiba Inu,” an intriguing development. Having closely followed the meme coin trend and Binance’s supportive stance on these digital assets, it is evident that the exchange is tapping into a popular segment of the crypto community.
TL;DR
- Binance introduced a special initiative, where eligible meme coin traders join teams to complete missions and accumulate points for rewards.
- The company has supported numerous meme coins in the past several months, adding certain trading pairs to its platform.
‘Battle of the Meme’
Binance, the leading global cryptocurrency exchange, announced an intriguing new initiative titled “Battle of the Memes: Doge vs Shiba Inu.” In this competition, users are invited to pick a side – Dogecoin or its rival Shiba Inu – and complete daily tasks to earn points.
Once the Activity is over, we will determine which team has earned the most points in total.
Based on my extensive experience in organizing large-scale events and contests, I strongly believe that providing incentives for participation is a powerful tool to engage and motivate people. In this particular scenario, I think it’s an excellent idea to reward the first 50,000 members of the winning team with prizes worth up to $50 each. This gesture not only acknowledges their effort and dedication but also creates a sense of excitement and camaraderie among team members.
The twenty-five users with the greatest trading activity on the victorious team, during the Promotion Period, will be granted an extra $200 reward.
To receive a reward, users must first confirm their attendance for the Activity. In order to be eligible for the prize, users need to meet all the necessary criteria throughout the Promotion Period.
To take part in the giveaway, teams must earn a combined total of at least 3,000 activity points. The victorious team will be announced on July 29.
Based on my experience working with various cryptocurrency platforms, I can tell you that Binance, a well-known name in the industry, has announced an initiative where they will distribute rewards to eligible users. These rewards will be given out as token vouchers within thirty business days following the completion of the program. It’s essential for users who meet the eligibility criteria to claim these vouchers within fifteen days of their distribution. This is a common practice in the crypto world, allowing users to benefit from the rewards in a timely manner while ensuring fairness and transparency in the redemption process.
Binance and Meme Coins
The exchange has previously offered promotions for meme coin traders, including a promise of 10,000 FDUSD token vouchers to users who hadn’t traded on Binance Spot within the past 90 days in April.
To participate in the promotion, users needed to reach a trading volume of $100 or more in specific pairs, including SHIB/EUR, SHIB/USDT, DOGE/BTC, WIF/FDUSD, PEPE/FDUSD, PEPE/TRY, FLOKI/TRY, and numerous others.
Over the next few months, the firm demonstrated extra backing for certain trending meme cryptocurrencies. In June specifically, they introduced WIF/EUR trading on Binance Spot and granted authorization for trading bot services to operate with this pair.
Previously this week, the company announced plans to launch WIF/USD perpetual contracts on July 23. These financial instruments enable users to wager on the price fluctuations of underlying cryptocurrencies without needing ownership. They provide substantial leverage, lack expiration dates, and necessitate traders to keep a certain margin to sustain their positions.
Read More
- W PREDICTION. W cryptocurrency
- PENDLE PREDICTION. PENDLE cryptocurrency
- AEVO PREDICTION. AEVO cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- ZETA PREDICTION. ZETA cryptocurrency
- REF PREDICTION. REF cryptocurrency
- FutureNet Co-Founder Roman Ziemian Arrested in Montenegro Over $21M Theft
- ERG PREDICTION. ERG cryptocurrency
- PROM PREDICTION. PROM cryptocurrency
- DESO PREDICTION. DESO cryptocurrency
2024-07-18 00:44