Binance announces a FDUSD 13,000 prize pool to incentivize Bitcoin purchases through its “Buy Crypto” feature in line with the Bitcoin halving event.
In anticipation of the highly anticipated Bitcoin Halving event, Binance, a leading global cryptocurrency exchange, has unveiled a special promotion to reward its users. The campaign, which was announced on March 6, 2024, will distribute a whopping 13,000 FDUSD in token vouchers to participants who purchase Bitcoin (BTC) using the platform’s “Buy Crypto” feature.
Bitcoin Halving Drives Binance’s Generous Incentive
The Bitcoin halving is a significant event in the cryptocurrency world that happens roughly every four years. It cuts the reward for mining new blocks in half, thus slowing the rate at which new bitcoins are generated. This event has historically influenced Bitcoin’s price and market dynamics, making it a focal point for investor interest.
In light of this event, Binance’s promotion is set to run from March 11, 2024 to April 7, 2024, and is split into two separate parts to serve both new and existing users of the Buy Crypto feature.
Promotion A: Warm welcome with prizes
Promotion A is tailored for users who have not used the “Buy Crypto” feature before the start of the promotion period. The first 3,000 eligible participants who register for the event and purchase a minimum of $30 worth of BTC will each receive a voucher for 3 FDUSD tokens.
Promotion B: Competitive trading with solid rewards
More experienced traders are not left out. Promotion B is open to users who have previously used the Buy Crypto feature. To qualify, participants must confirm their registration and reach a minimum total BTC purchase volume of $500 during the promotional period. The top 500 buyers, based on total BTC purchase volume, will share a prize pool of 4,000 FDUSD, with prizes ranging from 20 to 100 FDUSD depending on their rank.
Terms and additional options
Binance emphasized that users must click [Join Now] on the activity page and complete account verification to be eligible for rewards. Availability of the “Buy Crypto” feature varies by region, and purchases can be made using a variety of methods, including credit/debit cards and P2P trading.
It should be noted that for P2P commercial purchases, only recipient transactions will count towards the promotion. A “taker” is someone who places an order that is immediately filled, effectively removing liquidity from the market.
Users can expect prize vouchers to be distributed within four weeks of the end of the promotion and must be redeemed within two weeks of the distribution date.
Binance Commitment and User Responsibility
As with all trading and investing opportunities, Binance reminds users of the inherent risks associated with the volatile cryptocurrency market. The exchange emphasizes that investments should only be made with an understanding of these risks and within the limits of potential losses.
This promotion highlights Binance’s commitment to providing value to its users and fostering engagement within the crypto ecosystem. As the Bitcoin halving event approaches, activities like this highlight the platform’s innovative approach to user rewards and market participation.
The Bitcoin halving event is expected to attract significant attention from both the crypto community and potential investors, with Binance’s bounty campaign positioned as a strategic initiative in this key market period.
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