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
- Changpeng ‘CZ’ Zhao Confirms Defamation Lawsuit Plans Against Sen Elizabeth Warren
- Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration
- Bitwise Solana Staking ETF (BSOL) Makes Record Debut with $69.5M Inflows, $289M NAV
- Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
- Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
MEXC