Binance announces $100,000 Shiba Inu token give-away to new users

Paigambar Mohan Raj
Source: Pexels

There is no denying Shiba Inu’s immense popularity. SHIB is easily one of the most talked-about tokens on social media, as well as other platforms. It had an incredible run in 2021, and the token started its 2022 with an array of collaborations and listings. Binance, the prominent crypto exchange, has now resorted to using Shiba Inu to promote its wallet. The exchange has announced two promotional campaigns with SHIB.

Binance X Shiba Inu promotional giveaway

The first promotion, labeled as “Promotion A” on Binance’s website, says that between 8th March, 08:00 AM to 21st March, 11:59 PM (UTC), all new users who register with Binance using their referral link, will receive a share of a total $80,000 worth of Shiba Inu tokens!

The second promotion, labeled “Promotion B”, involves the completion of tasks to win SHIB vouchers. Users that click the [Register Now] button on the activity page and accumulate a total trading volume of at least 1,000 USDT equivalent across eligible SHIB spot trading pairs will be eligible to share the $20,000 prize pool in SHIB token vouchers.

According to the website, the reward for Promotion B is calculated as;

The reward for each qualified user = (Each user’s total effective trading volume / All qualified users’ total effective trading volume) * $20,000 in SHIB token vouchers

Terms and conditions

Only users who complete KYC by the conclusion of the activity period and click the [register now] button on this page will be eligible for any prizes. SHIB/USDT, SHIB/BUSD, and SHIB/DOGE are all eligible Shiba Inu (SHIB) spot trading pairs. The SHIB/USD exchange rate used by Binance for prize distribution is 0.00002591050344.

Upon qualifying registration, the Welcome Bonus under Promotion A will be instantly distributed.

Only the tokens received via Promotion A can be traded. After obtaining the welcome bonus, the tokens cannot be withdrawn from their account until they reach a total trading volume of 50 USDT equivalent across all spot, margin, and BLVT trading pairs.

Promo B rewards will be awarded within two weeks of the completion of the promotion.