There can be no doubt about the Shiba Inu’s enormous popularity.
SHIB is without a doubt one of the most discussed cryptocurrencies on social media and other platforms. It had a phenomenal run in 2021, and the token kicked off its 2022 with a slew of collaborations and listings. Binance, the well-known cryptocurrency exchange, has now resorted to promoting its wallet using Shiba Inu.
Two advertising programmes involving SHIB have been announced by the exchange.
Limited-Time Offer: Claim Your Share of $100,000 in @Shibtoken $SHIB!
➡️ https://t.co/BsY7nObony pic.twitter.com/9EEdhcoVgJ
— Binance (@binance) March 8, 2022
The first offer, dubbed “Promotion A” on Binance’s website, states that between March 8th, 08:00 AM and March 21st, 11:59 PM (UTC), all new customers who register with Binance via their referral link will receive a portion of $80,000 in Shiba Inu tokens!
The second promotion, dubbed “Promotion B,” requires participants to complete tasks in order to win SHIB vouchers. Users who click the [Register Now] button on the activity page and trade a minimum of 1,000 USDT equivalent across eligible SHIB spot trading pairs will be eligible to win a share of the $20,000 prize pool in SHIB token vouchers.
The website indicates that the prize for Promotion B is computed as follows:
The prize for each qualifying user is calculated as follows: (Total effective trading volume of each user / Total effective trading volume of all qualified users) * $20,000 in SHIB token vouchers.
Only users who successfully complete KYC by the end of the activity period and click the [register now] button on this page will be eligible to win. Shiba Inu (SHIB) spot trading pairs include SHIB/USDT, SHIB/BUSD, and SHIB/DOGE. Binance’s reward distribution is based on the SHIB/USD exchange rate of 0.00002591050344.
The Welcome Bonus under Promotion A will be distributed instantaneously upon qualifying registration.
Only tokens obtained through Promotion A may be traded. Following receipt of the welcome bonus, the tokens cannot be withdrawn from the account until the account has a total trading volume of 50 USDT equivalent across all spot, margin, and BLVT trading pairs.
Promo B awards will be distributed within two weeks of the promotion’s conclusion.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.