Ted Hisokawa
Nov 04, 2024 02:11
Binance has launched a fun and educational ‘Word of the Day’ game centered on crypto mining, allowing users to earn Binance Points while expanding their crypto vocabulary.
Summary of the New Initiative 🎉
Binance has released an innovative educational initiative named ‘Word of the Day’ (WOTD) that centers around the theme of ‘Crypto Mining’. This initiative not only aims to enhance participants’ comprehension of cryptocurrency terms but also provides an opportunity for users to earn a portion of 500,000 Binance Points. As you engage in this activity, you’ll gain valuable insights while potentially boosting your rewards.
Exploring the WOTD Game 🚀
The WOTD game offers an interactive word-guessing format where participants can partake in up to two games daily. To qualify for a share of the total prize pool, users must accurately answer at least five questions during the designated activity phase, which runs from November 4 to November 10, 2024. The Binance Points earned through this game can be redeemed for vouchers for BNB tokens, as well as for trading fee discounts available at the Binance Rewards Hub.
Steps to Join the Game 🌟
Users who meet the criteria can participate in the game two times each day. To access the second game, users are required to share a designated article on their social media platforms and ensure that the link has been visited by at least one third party. This not only fosters educational engagement but also promotes community interaction and the sharing of knowledge among users.
Special Offers for New Participants 🎁
Alongside the engaging educational game, Binance is rolling out a welcome offer for newcomers who register using the referral code ‘WOTD2024’. Newly registered users will receive a 10% reduction on spot trading fees, and they can unlock additional rewards by completing tasks in the Rewards Hub within the first 14 days following their registration.
What Are Binance Points? 💎
Binance Points form an integral aspect of the exchange’s loyalty scheme, allowing participants to gather points through diverse activities. These points can be exchanged for various rewards, including token vouchers and reductions in trading fees. All points earned will be distributed within two weeks after the respective activity, and users must redeem these points by the conclusion of the following year’s month end.
Understanding the Terms of Participation 📜
Participants in this program should be aware of several specific terms and conditions. Completing account verification is essential to be eligible for any rewards. Binance retains the right to modify or terminate the promotion at any time and can disqualify users engaging in fraudulent actions or violating the platform’s terms of service.
This initiative by Binance not only serves as an opportunity for users to earn rewards but also significantly boosts the cryptocurrency knowledge of its participants. This aligns well with the exchange’s broader goal of enhancing crypto literacy and fostering a more informed community.
Hot Take 🔥
The launch of the WOTD game by Binance signifies a considerable step towards promoting education in the cryptocurrency arena. By merging learning with the chance to earn rewards, users are encouraged to deepen their understanding of significant concepts within the crypto space, notably crypto mining. Engaging in such initiatives fosters a more knowledgeable user base, which can ultimately contribute to the overall growth and sustainability of the cryptocurrency ecosystem.
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