Just-In: Binance To Airdrop BTC, ETH And SHIB Worth $500K To Users, But There’s A Catch
The world’s largest crypto exchange Binance on Tuesday said it will airdrop crypto worth $500,000 in total. The latest announcement came in response to promoting the use of its newly launched Web3 Wallet amid the crypto market rally.
Binance’s Web3 Wallet is a self-custody crypto wallet built within the Binance app allowing users to swap thousands of tokens across various networks, explore decentralized applications (dApps), transfer funds between exchange and wallet, and earn yield on their crypto.
Binance Offering SHIB and BTC Airdrop Worth $500,000
Crypto exchange Binance took to X on December 5 to announce a plan to airdrop crypto worth $500,000, ranging from 1 SHIB to 1 BTC. This means a user can get BTC, ETH, BNB, SHIB, and other cryptocurrencies from $0.00000936 to $42,000.
To become eligible for the airdrop, users need to make a swap using their Web3 Wallet. The airdrop event is valid until December 31, 2023.
Notably, the airdrop is supported by its partner projects for supporting the airdrop. There are Maverick Protocol, GMX, Gala Games, Radiant Capital, DODO, Kava Chain, Acala Network, CyberConnect, Chiliz, Alchemy Pay, Lido Finance, QuickSwap, Sei Network, WOOFI, and BinaryX.
The announcement caught the attention of the crypto community, with many seeking rewards in this bull season as the crypto market cap attains the $1.5 trillion milestone in 6 weeks.
Also Read: BitMEX Announces Terra Classic (LUNC) Perpetual Contract Listing After USTC
Binance Aims For Liquidity
Amid the crypto market rally when investors are holding onto their crypto holdings, liquidity becomes an issue for crypto exchanges. With Binance recording billions of cumulative trading volumes, it has launched several activities such as zero-fee trading.
CoinGape reported zero-fee trading for Ethereum (ETH), XRP, BNB, Solana (SOL), Dogecoin (DOGE), and Chainlink (LINK) in FDUSD spot and margin pairs. The exchange also launched one-hour interest fee waiver for BTC, DOGE, ETH, GALA, GMT, LINK, MATIC, ORDI, SEI, SOL, TIA and XRP pairs.
Also Read: Ripple CTO David Schwartz Criticizes SEC’s ‘Shocking’ Conduct In Debt Box Case
- Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal
- FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces
- North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps
- Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana
- BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
