Binance plans to airdrop $500,000 worth of crypto ranging from 1 SHIB to 1 BTC. The giant cryptocurrency exchange will do this as part of its strategy to encourage Web3 Wallet usage.
Binance will airdrop $500,000 worth of SHIB and BTC!
The world’s largest crypto exchange gave good news for its users on Tuesday. In its statement, the exchange said that it would airdrop a total of $ 500,000 worth of crypto. The latest announcement comes amid a rally in the crypto market. The exchange aims to encourage the use of its newly launched Web3 Wallet. Binance’s Web3 Wallet is a self-storage system built within the Binance app that allows users to swap thousands of tokens across various networks, explore decentralized applications (dApps), transfer funds between exchange and wallet, and earn returns on their crypto. crypto wallet.
Crypto exchange Binance announced its plan to airdrop $500,000 worth of crypto. This airdrop ranges from 1 SHIB to 1 BTC. This means it is possible for a user to buy BTC, ETH, BNB, SHIB and other cryptocurrencies for between $0.00000936 and $42,000. To qualify for the airdrop, users must make an exchange in their Web3 Wallet. By the way, the airdrop event is valid until December 31, 2023.
In particular, the Binance airdrop is supported by some of its partner projects. THESE projects include Maverick Protocol, GMX, Gala Games, Radiant Capital, DODO, Kava Chain, Acala Network, CyberConnect, Chiliz, Alchemy Pay, Lido Finance, QuickSwap, Sei Network, WOOFI and BinaryX. Binance exchange’s announcement caught the attention of the crypto community. cryptokoin.comAs you follow from , the crypto market cap reached $1.5 trillion in 6 weeks. This marks a turning point. Now this bull season many people are looking for rewards.
Giant cryptocurrency exchange aims for liquidity
Meanwhile, investors are holding onto crypto assets amid the crypto market rally. That’s why liquidity becomes an issue for crypto exchanges. Binance has launched various activities such as zero-fee trading while recording cumulative transaction volume in the billions. Accordingly, FDUSD reported zero-fee trading for Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK) on spot and margin pairs. The exchange also introduced an hourly interest fee waiver for BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA and XRP pairs.
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