$500K Binance Airdrop
Binance, the world’s largest cryptocurrency exchange, has announced a giveaway of $500,000 worth of cryptocurrencies to eligible users. The giveaway will run until December 31, 2023, and rewards range from 1 SHIB to 1 BTC.
Approximately one million users will receive the airdrop, with rewards being distributed to wallets within two weeks after the activity ends. To qualify for the airdrop, users must make a swap using Binance’s Web3 wallet. The exchange has partnered with various entities for token distribution.
The Web3 wallet is a self-custody solution offered within the Binance application. It allows users to swap cryptocurrencies across multiple networks, transfer funds quickly, access decentralized applications (dApps), and earn yields on holdings.
“We want our users to be assured that they are interacting with Web3 within a secure and protected ecosystem. That is why we have incorporated MPC technology as well as Binance’s trusted security infrastructure within the Web3 wallet.”
What Else is Going on With Binance Recently?
Binance has recently made several announcements regarding platform updates. On December 7, four cryptocurrencies were removed from the platform: BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC). These assets experienced significant price declines in the past two weeks.
In addition, Binance will introduce zero-fee trading for selected pairs starting December 8. The pairs include XRP/FDUSD, SOL/FDUSD, DOGE/FDUSD, BNB/FDUSD, ETH/FDUSD, and LINK/FDUSD. This offering will be available “until further notice.”
Hot Take: Binance Offers $500K Airdrop and Introduces Web3 Wallet
Binance, the world’s leading cryptocurrency exchange, is enticing users with a $500,000 giveaway in cryptocurrencies. To qualify for the airdrop, you need to utilize their Web3 wallet for swaps. This self-custody solution allows you to swap thousands of cryptocurrencies, transfer funds quickly, explore decentralized applications (dApps), and earn yields on your holdings. The Web3 wallet was introduced at Binance’s Blockchain Week conference in Istanbul. Additionally, Binance has made platform updates by removing four cryptocurrencies and introducing zero-fee trading for selected pairs. Stay tuned for more exciting developments from Binance.
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