A few hours ago, Binance has released a statement saying it’s going to gift 50,000 BNB to users. The exchange had faced a major challenge a few days ago says it will reward users for the support with an equivalent of $1,120,000.
The 50,000 BNB is currently equivalent to $1.120.000 and shall be spread out to different users on the platform. Also, the promotion for the giveaway will run for three days. This will be from 00.00 hrs on the 24th of this month to the 27th day at midnight.
This promotion will include everyone on the platform. However, one will need to be involved in a trading activity to get any sort of reward.
How Binance exchange will split the 50,000 BNB
For anyone who will trade1 Bitcoin within the three days will get an equal portion of 40,000 of the total.
“All users that trade the equivalent of 1 BTC or more (including buy & sells) on Binance Spot or Margin markets during the promotion period will split a pool of 40,000 BNB.”
The remaining 10000 BNB will also be slit to those trading 1Bitcoin or more. However, unlike in the other case where the 40000 was slit to those trading on Binance Spot or Margin market, users will need to have traded on Binance Futures.
“All users that trade the equivalent of 1 BTC or more on Binance Futures during the promotion period will split a pool of 10,000 BNB.”
According to the Zhao, the exchange CEO, the giveaway will be to show gratitude to the Binance exchange community. The reason will be, the support they gave them.
There are is no limitations to participating in both pools of the promotion provided one follows the terms. Additionally, winners will receive their prizes within 2 weeks after the promotion comes to an end.
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