Binance announces 12.5 bitcoin reward contest to encourage trading
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Answer Binance announces 12.5 bitcoin reward contest to encourage trading
The crypto market is going through a special event which is the expected Bitcoin mining reward split today, after which the reward offered to miners will be split from 12.5 BTC to 6.25 BTC.
Binance wants to take advantage of the event and launch a contest to win a bonus of 12.5 Bitcoin which symbolizes the previous bonus that miners were getting and which we will deposit.
Binance has announced a competition rewarding 12.5 Bitcoins for winners who have to perform certain tasks, which Binance tells us in its announcement:
Complete tasks and earn bitcoins.
#finance will launch 12.5 BTC dollars reward program for # bitcoin Half – Complete the tasks, win #BTC!
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– Binance (binance) May 11, 2020
Contest details:
From May 11-18, users will have a chance to win some bitcoin by completing the following tasks:
- Complete your crypto purchase of any amount using one of the options provided by Binance.
- Complete an instant trading volume of $500 in Bitcoin.
- Refer a friend and ask him to join the platform and open an account with Binance Futures.
- Completed $1,000 trading volume in BTC/USDT futures.
After completing the tasks, the prize will be divided among those who successfully completed all the tasks.
The Binance platform wants to seize the opportunity of the event and present a gift to and from users, as the 12.5 bitcoins that the platform will give to the platform will benefit from it possible to double it in exchange for fulfilling the aforementioned conditions, which contain trading operations and thus additional fees and revenues for Binance, but it is undeniable that it is a smart marketing method.
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