Binance Pay announces March promotions offering up to 5070 ACH tokens as rewards and up to 50% discounts for users who spend on their platform.
Binance, the world’s leading cryptocurrency exchange by trading volume, has just announced a series of promotions for the month of March aimed at incentivizing users to use Binance Pay, their proprietary payment technology. Promotions include opportunities to earn up to 5070 Alchemy Pay (ACH) in token vouchers and enjoy up to 50% discounts on purchases made through Binance Pay.
The promotional event is scheduled to run from March 11, 2024 at 00:00 UTC to March 31, 2024 at 23:59 UTC. This initiative is part of Binance’s ongoing efforts to expand the use of cryptocurrencies in everyday transactions and bring more value to their user base.
Promotion Breakdown
Early Enrollment Rewards: Binance Pay is offering an early enrollment reward of a 70 ACH token voucher to the first 8,970 eligible users who make a purchase of at least $10 equivalent at any Binance Pay merchant using cryptocurrency through Binance Pay during the promotional period.
Top User Rewards: Additionally, the top 20 users by total purchase volume using ACH via Binance Pay with eligible merchants have a chance to win up to 5,000 ACH in token vouchers. Prizes will be distributed according to the user’s market rank, with first place receiving 5000 ACH, second place 4000 ACH, and so on.
Hot Deals Discounts: Along with these rewards, Binance Pay also offers up to 50% discounts on various items such as gift cards and game recharges through its Binance Marketplace Hot Deals promotion with select partner merchants including Bamboo, Byte Topup, CryptoMate , Tokenstore and Uquid.
To be eligible for these promotions, users must be verified and have successfully registered for a Binance Pay account. They must also have the latest version of the Binance app for iOS (v2.47.0) or Android (v2.47.0) or later.
Potential impacts and benefits to consumers
This strategic move by Binance is expected to significantly increase the use of Binance Pay as a payment method and could potentially drive the adoption of the ACH token. By rewarding users for participating in the crypto ecosystem, Binance effectively contributes to the overall growth and stability of the cryptocurrency market.
For users, these promotions offer an excellent opportunity to not only use their cryptocurrencies in a practical way, but also receive additional rewards while doing so. The convenience of Binance Pay, combined with the potential savings and profits through these promotions, could attract a new wave of users to the platform and to the concept of crypto payments in general.
Terms and conditions
Binance has outlined several terms and conditions for the promotions. Rewards will be distributed within 30 days after the end of the promotional period and users will be able to redeem their vouchers via the Rewards Hub. Importantly, Binance emphasized that this promotion is subject to change and they reserve the right to change the terms or cancel the promotion at their discretion.
Conclusion and risk warning
While the promotions are a testament to Binance’s commitment to improving the user experience and promoting the use of digital assets, it is extremely important for users to remember that the prices of digital assets can be volatile. Binance reminds users that they are responsible for their investment decisions and the potential risks involved.
The promotions are not only a testament to the usability of cryptocurrencies, but also represent Binance’s continued commitment to providing value to its users and the broader crypto space.
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